Monday, Oct 24th

Last update05:20:13 AM GMT

You are here News Politics Romney Invested in Medical-Waste Firm That Disposed of Aborted Fetuses, Government Documents Show

Romney Invested in Medical-Waste Firm That Disposed of Aborted Fetuses, Government Documents Show

E-mail Print PDF

Bain CapitalEarlier this year, Mitt Romney nearly landed in a politically perilous controversy when the Huffington Post reported that in 1999 the GOP presidential candidate had been part of an investment group that invested $75 million in Stericycle, a medical-waste disposal firm that has been attacked by anti-abortion groups for disposing aborted fetuses collected from family planning clinics.

Coming during the heat of the GOP primaries, as Romney tried to sell South Carolina Republicans on his pro-life bona fides, the revelation had the potential to damage the candidate's reputation among values voters already suspicious of his shifting position on abortion.

But Bain Capital, the private equity firm Romney founded, tamped down the controversy. The company said Romney left the firm in February 1999 to run the troubled 2002 Winter Olympics in Salt Lake City and likely had nothing to with the deal. The matter never became a campaign issue. But documents filed by Bain and Stericycle with the Securities and Exchange Commission—and obtained by Mother Jones—list Romney as an active participant in the investment.

And this deal helped Stericycle, a company with a poor safety record, grow, while yielding tens of millions of dollars in profits for Romney and his partners. The documents—one of which was signed by Romney—also contradict the official account of Romney's exit from Bain.


Most Recent Related Stories...

Trump's growth projections leave economists in disbelief

Trumps growth fantasyEconomists are dubious of Donald Trump’s claim that he could more than triple economic growth if...

Economists: A Trump win would tank the markets

Economists : Trump plan a disasterWall Street is set up for a major crash if Donald Trump shocks the world on...

Trump threatens to sue women accusing him

Trump threatens to sue womenDonald Trump on Saturday vowed to sue the women who have come forward to level allegations...

David Duke qualifies for Louisiana Senate debate

David DukeFormer Ku Klux Klan leader David Duke has qualified for a televised debate in Louisiana's Senate...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!