Skip to comments.Something Revealing That Voters May Not Be Privy To Concerning Damon Corp & The Medicare Fraud
Posted on 01/26/2012 11:39:41 PM PST by Laissez-faire capitalist
I'll give a link to the entire Forbes.com article below, which I am quoting and excerpting. I believe that pro-Gingrich people are running ads on this.
"In 1989, Bain Capital purchased controlling interest in Damon Corp...During the time that Bain held its ownership of the company, Mitt Romney sat on the board of directors...during that same period, Damon Corp. was busy selling fraudulent reimbursement claims to the tune of millions of dollars...By the time Damon Corp. pleaded guilty...Bain was long gone having sold the company in 1993 to Corning Inc...
When Mitt Romney was confronted with the matter during his campaign to become Governor of Massachusetts, Romney acknowledged that he did have some awareness of the funky things going on at Damon... When his Democratic opponent accused him of lax oversight at Damon and failing to report the fraud, Romney replied that he had helped uncover the illegal activity at Damon, asking the boards lawyers to investigate. As a result, the board took "corrective action" before selling the company in 1993 to Corning, Inc. ...
So the future Governor and candidate for his party's nomination...did report the fraud to the proper authorities, right? Apparently not.
According to the court records "...the Damon executives scheme continued throughout Bain's ownership, and prosecutors credited Corning, not Romney, with cleaning up the situation."
But there is an explanation....You see, before Romney indicated that he was involved in conducting an investigation while he was on the board of directors, he said that he was completely unaware of any investigation."
According to the article, it seems that at some point in time before he was accused by his Democratic opponent of lax oversight, "he said that he was completely unaware of any investigation."
But at what point did he say this?
Romney Supervised Medical Testing Company Guilty of Massive Medicare Fraud
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