TV News LIES

Sunday, Sep 21st

Last update11:18:22 PM 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...


Wisconsin voter ID foes ask court to reconsider

voter idCivil rights advocates have officially filed a petition asking a federal appeals court to reconsider a...

More details emerge in fight that witnesses say involved Palin family

Palin As police continue investigations into a fight that broke out Saturday at a South Anchorage home, more details have...

U.S. moves to block suit against Iran-focused group

DOJWarning of potential damage to U.S. national security, the Justice Department on Friday asked a federal...

Wisconsin photo-ID law gets appeals court blessing

Scott WalkerA federal appeals court on Friday gave Wisconsin the green light to implement its controversial photo...
 
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!