TV News LIES

Saturday, Feb 17th

Last update05:20:13 AM GMT

You are here News Politics Romney Family Investment Group Partnered With Alleged Perpetrators Of $8 Billion Ponzi Scheme

Romney Family Investment Group Partnered With Alleged Perpetrators Of $8 Billion Ponzi Scheme

E-mail Print PDF

Romney Ponzi schemeMitt Romney, his son Tagg, and Romney’s chief fundraiser, Spencer Zwick, have extensive financial and political ties to three men who allegedly participated in an $8.5 billion Ponzi scheme.

A few months after the Ponzi scheme collapsed, a firm financed by Mitt Romney and run by his son and chief fundraiser partnered with the three men and created a new “wealth management business” as a subsidiary.

In an exclusive interview with ThinkProgress, Tagg Romney confirmed their business relationship, but falsely claimed that the men were cleared of any wrongdoing associated with the Ponzi scheme. Tagg Romney told ThinkProgress that his three partners collected about $15,000 from their involvement in the Ponzi scheme.

Court documents obtained by ThinkProgress show that the legal proceedings are ongoing and the men made over $1.6 million selling fraudulent CDs to investors.

More...


Most Recent Related Stories...


Report: Kushner Requests More Intel Than Other White House Staff Despite No Permanent Security Clearance

Kushner requests more Intel than any other WH staff despite lack of security clearanceWhite House senior adviser Jared Trump has made more requests for classified intelligence information than almost...

Mueller levels new claim of bank fraud against Manafort

Manafort levels new charges against Pul ManafortSpecial counsel Robert Mueller’s office has told a federal judge it has found evidence that Paul...

President Trump's Russia denialism is grounds for impeachment

Mueller indicts 13 Russians, 3 Russian organizationsThe 35 words that make a president: “I do solemnly swear (or affirm) that I will...

Blockbuster Exposé Claims to Show How Donald Trump Kept His Affairs Secret

Karen McDougal and the Plagirl coverupDonald Trump kept his alleged affair with former Playboy Playmate Karen McDougal secret through a complex...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!