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Posted on 01/24/2012 3:59:01 AM PST by Laissez-faire capitalist
In 1989, Bain Capital purchased controlling interest in Damon Corporation, a medical testing company located in Needham, Massachusetts.
During the time that Bain held its ownership of the company Mitt Romney personally sat on the Board of Directors. And during that same period, Damon Corporation was busy submitting fraudulent reimbursement claims to Medicare to the tune of millions of dollars charged for unnecessary blood tests.
... By the time Damon pleaded guilty to defrauding the United States Government of $25 million - and paid a total of $119 million in what was, at that time, the largest penalty of its kind in Massachusetts history - Bain was long gone having sold the company in 1993 to Corning Inc.
Inasmuch as neither Romney nor Bain was ever implicated in the fraud, it would be reasonable to conclude that while the illegal activity was going on under Mr. Romney's nose, Romney would himself bear only some responsibility for perhaps not being as on top of things as one might hope for a company's director to be.
But according to Romney, such a conclusion would be wrong. 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 Romney was in pursuit of the Massachusetts governorship, his Democratic opponent Shannon O'Brien 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, he said, the board took "corrective action" before selling the company in 1993 to Corning Inc.
So, then, the future Governor... did report the fraud to the proper authorities, right?
Apparently not...
(Excerpt) Read more at forbes.com ...
Buzzfeed (which I believe brought the 200 page document anti-Romney McCain oppo research) picked up on this yesterday, as did American Thinker, although it seems that they weren't privy to some of the information contained within this Forbes article. They aren't the only ones putting out articles about this, either. Interest in this seems to be growing.
When you read the whole thing from beginning to end, page 1-2, you can see why RomBOT is far from being trustworthy.
This reinforces what the Baltimore Sun, Boston Globe, Zerohedge and many others have written about Romney.
Just Google “Romney corporate welfare,” “On Mitt Romney’s Defense of Bain Capital and the Private Equity Industry- Here Are Some Facts,” (Zerohedge) and “Romney Bites the Government Hand That Has Fed His Fortune” (Dirtdiggersdigest).
Romney for free enterprise? Please
But, but....
Myth is conservative: he led his answer on how he is conservative by saying he had children and raised a family.
Yeah, and he is also supposedly for free enterprise, yet stuffed his pocksets with taxpayer funded corporate welfare, as numerous news sites (from both left and the right) have pointed out.
Speaking of fraud, the MSM has tried to pull one over on America by repeatedly billing the biggest SuperLoserMan, Mitt Romney, as THE 'front-runner.'
Just posted: 'Mr. Electability?' SuperLoserMan Mitt not viable candidate...0-17 in 'road' races [Vanity]
Let’s be fair, Mitt helped create the meme on “Vulture Capitalism”, in fact his picture will be next the term in the dictionary. However, the fact that Saul Alinskey is still relatively unknown continues to show the MSM.s bias.
But, but, but - Romney told us last night that he NEVER had any interest in businesses working with medicare or any federal governmental entity. Surely this article cannot be correct! The Stepford Candidate is not programmed to lie to us.
FUMR!!!!!
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