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bleever

(20,616 posts)
Tue Jul 10, 2012, 01:23 PM Jul 2012

TPM: New evidence Mitt didn't leave Bain in 1999, courtesy Mitt's SEC filings.

Oy, this is what passes for business sense these days? Publicly contradicting your sworn declarations to the SEC?

...I’ve found yet more instances where Romney made declarations to the SEC that he was still involved in running Bain after February 1999. To the best of my knowledge, no one has yet noted these.

The documents go into different aspects of Romney’s ownership of various Bain and Bain related assets. But in both Romney had to say what he currently did for a living.

Here are two SEC filings from July 2000 and February 2001 in which Romney lists his “principal occupation” as “Managing Director of Bain Capital, Inc.”

Romney’s argument is that it doesn’t matter what he said on these SEC filings. Even though he said he was running Bain, he really wasn’t. He was really running the Olympics and didn’t have any role at Bain. But absent any evidence, how is it that anyone can be expected to disregard what Mitt actually told the SEC at the time?


http://talkingpointsmemo.com/archives/2012/07/no_romney_didnt_leave_bain_in_1999.php


To quote Richard Pryor, "Who're you gonna believe? Me, or your lying eyes?"
24 replies = new reply since forum marked as read
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TPM: New evidence Mitt didn't leave Bain in 1999, courtesy Mitt's SEC filings. (Original Post) bleever Jul 2012 OP
Excellent. Was pretty sure he was lying about when he left Bain. emulatorloo Jul 2012 #1
THESE! elleng Jul 2012 #2
Lying in sworn documents is perjury. How does he explain that? pnwmom Jul 2012 #3
Factcheck.org really needs to do a correction. emulatorloo Jul 2012 #4
No shit they do. Stephanopolous on GMA this morning was quoting them as gospel... truebrit71 Jul 2012 #14
What has happened to Stephanopolous? Coordinated a Congr.l campaign event on his behalf in the 90s. progressivebydesign Jul 2012 #17
Lying to the SEC might be worse than perjury. JDPriestly Jul 2012 #12
Robme doesn't explain lies, madashelltoo Jul 2012 #5
Romney is either guilty of securities fraud or he is lying about his role at Bain Gothmog Jul 2012 #6
This could be a little bit important. Baitball Blogger Jul 2012 #7
Pulitzer for Josh Marshall n/t yodermon Jul 2012 #8
K&R - Wow! n/t myrna minx Jul 2012 #9
So, did Romney work at Bain, or did he file fraudulent statements to the SEC JDPriestly Jul 2012 #10
Anyone want to do some further perusal of other relevant SEC docs? bleever Jul 2012 #11
So... eaglesfanintn Jul 2012 #13
So--he's not lying to SEC, and he's lying to We, The People? Is that it? nt MADem Jul 2012 #15
Where are the weapons? shanen Jul 2012 #16
Makes you wonder what sort of under the table deal was going on with the Olympics? progressivebydesign Jul 2012 #18
RMoney got a homesteader's exemption on his Utah property taxes when he MADem Jul 2012 #19
K&R!!! DeSwiss Jul 2012 #20
Knowing about SEC filings SnakeEyes Jul 2012 #21
Mitt's Funny Valentine to his 2012 candidacy: bleever Jul 2012 #22
"...the undersigned certify that the information set forth in this statement is true..." bleever Jul 2012 #23
I'm sure Romney has at least two or three explanations for this Jessy169 Jul 2012 #24

emulatorloo

(44,124 posts)
4. Factcheck.org really needs to do a correction.
Tue Jul 10, 2012, 01:38 PM
Jul 2012

And in a really public way.

I have seen lots of lying politicians, but Romney takes it to a whole new level.

 

truebrit71

(20,805 posts)
14. No shit they do. Stephanopolous on GMA this morning was quoting them as gospel...
Tue Jul 10, 2012, 03:59 PM
Jul 2012

...stupid grinning little right-wing toady fuckwit that he is..

progressivebydesign

(19,458 posts)
17. What has happened to Stephanopolous? Coordinated a Congr.l campaign event on his behalf in the 90s.
Tue Jul 10, 2012, 04:55 PM
Jul 2012

.. and he was SO passionate about Democrats, and so full of ideals. Does money do that to a person?? Shame.

JDPriestly

(57,936 posts)
12. Lying to the SEC might be worse than perjury.
Tue Jul 10, 2012, 03:08 PM
Jul 2012

It might be a pretty serious misrepresentation -- fraud. Might depend on what the lie was about -- whether it was material, that is, really important and something that someone might base a decision on, or just something trivial.

This could be serious. Could be just another proof of sloppy dishonesty on Romney's part.

Gothmog

(145,253 posts)
6. Romney is either guilty of securities fraud or he is lying about his role at Bain
Tue Jul 10, 2012, 01:45 PM
Jul 2012

Schedule 13ds are filed under oath and there are criminal penalties for making false statements in these documents. Romney is going to have a hard time explaining these documents

JDPriestly

(57,936 posts)
10. So, did Romney work at Bain, or did he file fraudulent statements to the SEC
Tue Jul 10, 2012, 03:06 PM
Jul 2012

(and is that an offense of some sort???) or is there some other explanation?

Romney needs to discuss this with us. Did he lie on his SEC forms or is he lying now?

eaglesfanintn

(82 posts)
13. So...
Tue Jul 10, 2012, 03:44 PM
Jul 2012

the 1% work harder than the rest of us. That's the reason they're CEO's and Board Chairman and so on. Yet, while still CEO, he was too busy working on the Olympics to actually run the company. So, he got something for nothing. Sounds like Socialism!

 

shanen

(349 posts)
16. Where are the weapons?
Tue Jul 10, 2012, 04:46 PM
Jul 2012

Again, I'm trying to mine this thread for ideas for ads that can be used as weapons against Romney (for the thread below).

However, I feel like the underlying theme of this thread is lies, and the problem with 'weaponizing' the topic of lies is the complexity. Romney's money is mostly a Class 2 lie of partial truths, and this is intrinsically complicated. Romney's fundamental position is "not a dollar more" and he is just trusting the lawyers and accountants to tell him what the bottom dollar is. Therefore Romney's claim is that it isn't his fault, because it's just so complicated.

Which slogan is the real Romney?

"Vote for me so that government of the corporations, by the lawyers, for the richest 0.1% of Americans, shall rule the earth."

"Vote for me so that government of the accountants, by the lawyers, for the richest 0.1% of Americans, shall rule the earth."

The thread on weaponizing ads:

http://www.democraticunderground.com/?com=view_post&forum=1251&pid=37926

progressivebydesign

(19,458 posts)
18. Makes you wonder what sort of under the table deal was going on with the Olympics?
Tue Jul 10, 2012, 04:59 PM
Jul 2012

Maybe there is more to this than just lying on the SEC papers... perhaps it's something even more intriguing involving Bain and the Olympics. Has anyone done a thorough accounting of the money that flowed thru the Olympics and the sponsors involved?

MADem

(135,425 posts)
19. RMoney got a homesteader's exemption on his Utah property taxes when he
Tue Jul 10, 2012, 05:08 PM
Jul 2012

was doing that Olympic thing. At the same time, he was filing papers as a MA resident to run for governor.

All he does is LIE.

He got trapped into paying full fare on his Utah property taxes, like anyone does who has a "vacation home" away from their state of so-called residence. I doubt he would have repaid if he hadn't been caught.

He's a sleaze. A cheat. A liar.

SnakeEyes

(1,407 posts)
21. Knowing about SEC filings
Tue Jul 10, 2012, 07:03 PM
Jul 2012

He may in fact not be lying to anyone. SEC filings can often pertain to past company actions. If so, Romney would need to be listed along with his title at the time.

bleever

(20,616 posts)
22. Mitt's Funny Valentine to his 2012 candidacy:
Tue Jul 10, 2012, 09:31 PM
Jul 2012

(Emphasis added.)


-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
NtgiikMmsR/W6FqoAtoI9k1pG1gqLygJn3gvNBAYUUCK/ar43nS3CcJlj7LwTJOs
NDHoRoqEgUkJctTi7zMaKQ==

<SEC-DOCUMENT>0000898430-01-000644.txt : 20010223
<SEC-HEADER>0000898430-01-000644.hdr.sgml : 20010223
ACCESSION NUMBER: 0000898430-01-000644
CONFORMED SUBMISSION TYPE: SC 13G
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20010214
GROUP MEMBERS: BAIN CAPITAL FUND VI LP
GROUP MEMBERS: BAIN CAPITAL INC
GROUP MEMBERS: BAIN CAPITAL INVESTORS VI INC
GROUP MEMBERS: BAIN CAPITAL PARTNERS VI LP
GROUP MEMBERS: BCIP ASSOCIATES II
GROUP MEMBERS: BCIP ASSOCIATES II-B
GROUP MEMBERS: BCIP ASSOCIATES II-C
GROUP MEMBERS: BCIP TRUST ASSOCIATES II
GROUP MEMBERS: BCIP TRUST ASSOCIATES II-B
GROUP MEMBERS: PEP INVESTMENTS PTY LIMITED
GROUP MEMBERS: W MITT ROMNEY

SUBJECT COMPANY:

COMPANY DATA:
COMPANY CONFORMED NAME: CHIPPAC INC
CENTRAL INDEX KEY: 0001093779
STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674]
IRS NUMBER: 770463048
STATE OF INCORPORATION: CA
FISCAL YEAR END: 1231

FILING VALUES:
FORM TYPE: SC 13G
SEC ACT:
SEC FILE NUMBER: 005-60973
FILM NUMBER: 1544243

BUSINESS ADDRESS:
STREET 1: 3151 CORONADO DR
CITY: SANTA CLARA
STATE: CA
ZIP: 95054
BUSINESS PHONE: 4084865900

MAIL ADDRESS:
STREET 1: 3151 CORONADO DRIVE
CITY: SANTA CLARA
STATE: CA
ZIP: 95054

FILED BY:

COMPANY DATA:
COMPANY CONFORMED NAME: BAIN CAPITAL FUND VI LP
CENTRAL INDEX KEY: 0001065042
STANDARD INDUSTRIAL CLASSIFICATION: []
IRS NUMBER: 043405560
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231

FILING VALUES:
FORM TYPE: SC 13G

BUSINESS ADDRESS:
STREET 1: TWO COPLEY PLACE
STREET 2: 7TH FL
CITY: BOSTON
STATE: MA
ZIP: 02116
BUSINESS PHONE: 6175723000

MAIL ADDRESS:
STREET 1: TWO COPLEY PL
STREET 2: 7TH FL
CITY: BOSTON
STATE: MA
ZIP: 02116

www.sec.gov/Archives/edgar/data/1093779/000089843001000644/0000898430-01-000644.txt


bleever

(20,616 posts)
23. "...the undersigned certify that the information set forth in this statement is true..."
Tue Jul 10, 2012, 09:56 PM
Jul 2012

(Emphasis added.)

17
<PAGE>

SIGNATURE

After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.



Date: February 14, 2001

BAIN CAPITAL FUND VI, L.P.

By: BAIN CAPITAL PARTNERS VI, L.P.,
its General Partner

By: Bain Capital Investors VI, Inc.,
its General Partner

By: /s/ Eva H. Davis
------------------------------------
Name: Eva H. Davis
Title: Attorney-in-Fact



BAIN CAPITAL PARTNERS VI, L.P.

By: Bain Capital Investors VI, Inc.,
its General Partner

By: /s/ Eva H. Davis
------------------------------------
Name: Eva H. Davis
Title: Attorney-in-Fact


BAIN CAPITAL INVESTORS VI, INC.

By: /s/ Eva H. Davis
------------------------------------
Name: Eva H. Davis
Title: Attorney-in-Fact


18
<PAGE>

BCIP ASSOCIATES II
BCIP ASSOCIATES II-B
BCIP ASSOCIATES II-C
BCIP TRUST ASSOCIATES II
BCIP TRUST ASSOCIATES II-B

By: Bain Capital, Inc.,
their Managing General Partner

By: /s/ Eva H. Davis
------------------------------------
Name: Eva H. Davis
Title: Attorney-in-Fact

BAIN CAPITAL, INC.

By: /s/ Eva H. Davis
------------------------------------
Name: Eva H. Davis
Title: Attorney-in-Fact

PEP INVESTMENTS PTY LIMITED

By: Bain Capital, Inc.,
its Attorney-in-Fact

By: /s/ Eva H. Davis
------------------------------------
Name: Eva H. Davis
Title: Attorney-in-Fact

/s/ W. Mitt Romney
------------------------------------
W. Mitt Romney

Jessy169

(602 posts)
24. I'm sure Romney has at least two or three explanations for this
Tue Jul 10, 2012, 11:06 PM
Jul 2012

I don't see the SEC wanting to jump on this. It doesn't look like a serious issue to me. I just want to hear Romney's explanation. It is the second lie that tries to explain away the first lie that sometimes ends up being the whopper.

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