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yodermon

(6,143 posts)
Fri Jul 13, 2012, 12:35 PM Jul 2012

Do Bain SEC documents suggest Mitt Romney is a criminal?

apologies if it's a repost, but Glenn Kessler of the WaPo is giving 3 Pinnochio's to the Obama campaign for making assertions about BainGate. But if you read it, he's doing the same dancing that factcheck.org was doing.

see original for embedded links.

http://www.washingtonpost.com/blogs/fact-checker/post/do-bain-sec-documents-suggest-mitt-romney-is-a-criminal/2012/07/12/gJQAlyPpgW_blog.html#pagebreak


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The one thing new we saw in the Globe story was the assertion that “Romney’s state financial disclosure forms indicate he earned at least $100,000 as a Bain ‘executive’ in 2001 and 2002, separate from investment earnings.” But then we realized we had already reviewed those documents in January. The 2001 form describes him as a “former executive” (see page 1 of form A-5) — the campaign says this was retirement pay — but the 2002 form says “executive.” So either you believe he suddenly rejoined the firm, after leaving it, or someone made a typo.
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However, we have identified at least six filings that Romney did sign during this period: a April 13,, 1999 13D filing by Pirod Holdings regarding an investment in Rohn Industries; a Jan. 3, 2000 13D filing by VMM Merger Corp. regarding an investment in VDI MultiMedia; a Feb. 14, 2000 13G filing by Bain Capital Fund IV regarding Wesley Jessen Visioncare; a Feb. 13, 2001 13G filing by Bain Capital Fund VI regarding Integrated Circuit Systems; a Feb. 14, 2001 13G filing by Bain Capital Fund VI regarding ChipPAC; and a November 12, 1999 13G filing (first reported by Mother Jones) by Bain Capital Fund VI regarding Stericycle.

These few filings may just represent the winding down of affairs. Or some might think there is something more nerfarious going on. But, remember, when Romney decided to run for governor in 2002, he received a retirement package that was dated Feb., 1999. (In effect, as of that date, he became an investor in Bain, not a partner.) If he had been working hard on these transactions, it would be strange for him to not demand payment for his services.
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You can see Romney’s signature, on the first page, in which he states: “I certify that statements I have made on this form and all attached schedules are true, complete and correct to the best of my knowledge.” If Romney lied on this form, that would be a felony.
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Do Bain SEC documents suggest Mitt Romney is a criminal? (Original Post) yodermon Jul 2012 OP
shameless auto-kick yodermon Jul 2012 #1
K & R malaise Jul 2012 #2
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