Romney Family's Bank Tied to Fraud, Money Laundering and Drug Cartels

By Aunt Sam on Sun, 10/21/2012 - 10:17pm |

As previously reported in by the Columbus Free Press, the Romney family, namely Mitt, Ann, G Scott and Tagg Romney, along with Mitt's "6th son" and campaign finance chair have a secretive private equity firm called Solamere Capital Partners. This firms ties to Romney's campaign and bundlers is already well documented, along with its connection to the manufacture and distribution of voting machines. What is not as well documented is a subsidiary of that private equity firm hiring employees of a failed firm tied to a Ponzi scheme that has a long history of money laundering for Latin American drug cartels and to the Iran-Contra scandal.

As reported by ThinkProgress, Solamere Capital Partner's subsidiary Solamere Advisors is a investment advisory group, providing advice to Solamere clients and boosting sales. Would-be corporate pugilist Tagg Romney is a director. According to the New York Times, all but one of its 11 employees came from the Charlotte office of the Stanford Financial Group, the US investment arm of convicted felon R. Allen Stanford's offshore banking and fraud network that comprised a host of companies including the Stanford International Bank, Stanford Capital Management, The Bank of Antigua, Stanford Trust and Stanford Gold and Bullion. Three of these employees, Tim Bambauer, Deems May, and Brandon Phillips, received incentive compensation related to their direct sales of securities linked to a fraud that brought down this banking network.

Much more in full report, please click on link.

URL:

http://truth-out.org/news/item/12231-employees-of-romney-familys-secret-bank-tied-to-fraud-money-

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I posted on the Solamere connections 2 or 3 times at Dag, once here. There were no responses.

Few seem to care if the Romney family deals with financial scammers, brokers who sold fraudulent CDs for Allen Stanford, the second largest Ponzi scheme in recent US history, second only to Bernie Madoff. Stanford is serving a term of 110 years.

We know the mainstream media will never report these facts, and Romney supporters are so brainwashed news like this is like water off a ducks back.

The Nation has another article on Solamere at link.

by NCD on Mon, 10/22/2012 - 10:10am

I dunno what you count as "mainstream media," obviously not The Nation, but:

Tagg Romney, Solamere, and His Father's Money : The New Yorker

www.newyorker.com/.../tagg-romney-and-mitt-romneys-m...

by Amy Davidson - More by Amy Davidson

May 1, 2012 – No one we went to as an investor said, 'Oh, your dad is Mitt Romney, I'm going to give you $10 million dollars,' ” Tagg Romney told the Times.

Ties to Romney '08 Helped Fuel Equity Firm - NYTimes.com

www.nytimes.com/.../ties-to-romney-08-helped-fuel-equity...

by Michael Luo - More by Michael Luo

Apr 30, 2012 – Solamere's founders dispute any notion that they have cashed in on their political connections, arguing that Solamere, like any fund, has had to ...

Solamere, Tagg Romney, and the New American Normal - Esquire

www.esquire.com › Blogs › The Politics Blog

May 18, 2012 – Does anyone with the analytical skills of a handball believe that the investors were charmed into handing over $300 million to a rookie and that ...

The Solamere-Stanford connection - POLITICO.com

www.politico.com/.../the-solamerestanford-connection-122143.html

May 1, 2012 – The Times takes a stab at pulling back the curtain on Solamere Capital, the firm whose principals include Tagg Romney and the presumptive ...

and the Forbes' website does have the voting machine story:

Romney Family Investment Ties To Voting Machine Company - Forbes

www.forbes.com/sites/rickungar/2012/10/20/romney.../3/

1 day ago – Numerous media sources, including Truthout, are reporting that Solamere Capital—the investment firm run by Mitt Romney's son, Tagg, and the ...

by artappraiser on Mon, 10/22/2012 - 11:19am

Thanks artsy, but curious and concerned that more of the MSM hasn't published about the voting machines.

Appreciate all the 'links' to other.

by Aunt Sam on Mon, 10/22/2012 - 11:38am

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