Skip to comments.Romney Failed to Disclose Swiss Bank Account Income
Posted on 01/26/2012 2:32:38 PM PST by Raebie
Mitt Romney's campaign is amending the financial disclosure form he filed in 2011 to acknowledge that a Romney trust earned interest income from a Swiss bank account, a detail that had been missing from the report.
"An amendment is being filed to address this minor discrepancy," a campaign official told ABC News in an email Thursday in response to questions about the apparent omission.
"The inescapable fact is that by releasing over 600 pages of information regarding his finances, Mitt Romney is clearly coming down on the side of disclosure," said Andrea Saul, a campaign spokeswoman, in a subsequent statement. "Any document with this level of complexity and detail is bound to have a few trivial inadvertent issues. We are in the process of putting together some minor technical amendments, which will not alter the overall picture of Gov. and Mrs. Romney's finances as disclosed in August."
The discovery that the Romneys had $3 million in an account with the Swiss bank UBS came only after the Republican presidential candidate released his tax returns for 2010 on Tuesday. The campaign had maintained that it was not necessary to disclose the Swiss account because Romney's money manager, Brad Malt, had shuttered it in early 2010.
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Interest on 3 million isn’t a “trivial insignificant” oversight.
Is Romney amending his return or is he amending the paperwork he made public?
Yeah, you said it. The country-clubbers are in full-tilt media gonzo to destroy Newt.
And this is hilarious. Since when is $3 MILLION a “minor discrepancy”? Wow. This is the guy who wants his paws on the federal budget?
Actually, it was the whole damn $3 million that Mitt didn't disclose. They only found it because of the roughly $1,700 in interest he disclosed for it on his tax records, which he didn't disclose on his ethics forms. This is a major bone-headed move on Mitt's part. Woot Woot!
It was a financial disclosure form, who cares. Its not like he did this on a tax return. $1,700.00 - now its desperation at this point.
The DNC is compiling all the “dirt” on Romney and Newt.
The RNC is twiddling their thumbs.
And WHO still thinks this wont matter to the public?
A presidential candidate with a Swiss bank account with millions in it?
Who gives a damn? Man, I am starting to hate this election season. It has turned into a circus.
Only a fool would put all his eggs in one basket (the basket being US banks... with Obama in charge of things).
Mitt's my last choice (well, second to last behind Paul)... but this sort of rhetoric is pure nonsense.
Why would Romney put millions of dollars in a Swiss bank account?
Why does it matter? Because Romney would be just another Ford, Dole, McCain loser in the general!
To hell with the RINOS!! Run a conservative!!
NO MORE RINOS!! NO ROMNEY, NO WAY!!
Rebellion is ON!!
Live free or die!!
Willard has a packaging problem with this one. Does he put a blue or grey suit on it and smile? This will not play well in the general election so why put him in that position.
Wanna bet Newt has a comment about this during this evening?
“So that’s where that 3 million went!”
I hate it when that happens.
Obviously you've never had to work in, for instance, the financial industry, or any other industry that requires disclosures like this. If you had, you would be familiar with the requirement to fill out forms like this, and if you leave out a $3 million account in a foreign country, they usually fire you for that. And sometimes, the SEC brings charges.
Just sayin', it's kind of a big deal.
Well, interest on 3 million could be a “trivial oversight” if you are a multimillionaire who doesn’t need every dollar to support your family... I certainly wouldn’t overlook it but Romney is uber-rich and well,,he knows my pain/s