Skip to comments.Romney revising disclosures for overseas accounts
Posted on 01/26/2012 1:32:26 PM PST by TSgt
Mitt Romney could face new questions about his overseas investments after a campaign official acknowledged to NBC News that his campaign is revising his financial disclosure forms to report more than a half dozen offshore holdings, including income from a multi-million dollar Swiss bank account that was not disclosed last year.
The tax returns released by the Romney campaign this week showed that the Ann Romney Blind Trust had reported $1,783 in interest income from a bank account held at UBS in Switzerland in 2010. But the Swiss bank account -- as well as other offshore investments in the Cayman Islands, Bermudas and Ireland that appear in the trust fund's tax returns -- were not disclosed in Romneys financial disclosure form filed with the Office of Government Ethics last August.
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Mitt Romney is one filthy lying corrupt SOS!!
The country is going to hell. I don’t care about anyone’s offshore accounts, tax returns, or marriages. We need to kick the snot out of Obama in November and start cleaning up the swamp. Eight years of Obama is the end of liberty.
This will be the top headline on Drudge in a second for sure....
Oh, wait, sorry, I thought it said “Gingrich revising disclosures...”
This’ll go into the media’s back pocket to be whipped out the day after Myth wins the nomination.
Despicable, lying hypocrite.
Mitt Romney’s Blind Trust Not So Blind:
When Mitt Romney faced questions on the campaign trail four years ago about investments in firms engaged in embryonic stem cell research, the presidential candidate had a ready explanation — he was unaware because his vast financial portfolio was under the control of an independent trustee. Last week, Romney’s campaign pulled out the same explanation when ABC News sought details about the candidate’s holdings in the Cayman Islands, a notorious offshore tax haven.
“We remind you that Gov. Romney does not choose anything; these are BLIND TRUSTS,” a campaign official wrote in an email.
But government ethics experts and election lawyers told ABC News that Romney’s trust might not be quite as blind as he has long maintained. That’s because Romney placed his quarter-billion dollar family fortune in the hands of his personal lawyer and longtime associate Bradford Malt.
Federal officeholders are required to either fully disclose all their financial holdings and any possible conflicts of interest, or place their holdings in a blind trust. Robert Kelner, a Republican election lawyer in Washington, D.C. with no ties to a current presidential campaign, explained the federal rules governing those blind trusts. “The Office of Government Ethics requires that a financial institution be appointed as the trustee and that the financial institution not be controlled by or have done business with the candidate,” said Kelner. “It would preclude you from hiring your favorite lawyer as the trustee.”
Romney was himself once skeptical of the notion that a politician could use a blind trust to preempt inevitable questions about his investment choices and potential conflicts. When he ran against Sen. Edward Kennedy in 1994, Romney spoke critically of Kennedy’s claim that he had no control over his investments. “The blind trust is an age-old ruse,” Romney told the Boston Globe at the time. But in 2003, as he prepared to take office as governor of Massachusetts, Romney placed his family’s funds in his own blind trust to avoid whatever accusations could surface.
Romney’s aides have referred to the blind trust in fending off political attacks about his investments ever since. In 2007, his GOP primary opponents took aim at several of his investments, including a stake in a firm that did business with Iran, shares of a Chinese oil company, and an interest in a company that engaged in embryonic stem cell research. Romney responded by announcing that Malt would take greater pains to insure Romney’s investments would not conflict with his political views.
NO MORE RINOS!! NO ROMNEY, NO WAY!!
I absolutely refuse to vote for or support this corrupt, lying, abortionist/socialist paperhanging SOB!!
Rebellion is ON!!
Live free or die!!
The RINO pushing elite GOP establishment and their herders can KMA!!
sean has Romney on now
giggling and kissing up..
The article says Ann Romney got $1,783 in interest on a blank account. That account must be worth a lot of money. My bank is currently paying 0.05% on my account.
I just cannot stand Hannity. He’s just as two faced as Mitt.
I have him on to see if he will mention what happened in court in GA this morning
the case about keeping the ineligible Obama off the ballot there...
Rush never mentioned the case
nor has Sean as yet...
I bet if Willard admitted he is a serial killer Weasel News and establishment friends still support him.