Skip to comments.Romney's link to firm in [Medicare] fraud case overstated in Newt ad [cleaning up after Mitt]
Posted on 02/21/2012 3:02:06 AM PST by Cincinatus' Wife
........Winning Our Future's claim is more specific. That ad says Romney "supervised," and was not just a "director" of the company.
Winning Our Future spokesman Rick Tyler directed us to a recent Forbes article about the issue. Forbes reported much of what was in the Boston Globe, including Romney's defense and what prosecutors said Corning did to uncover the fraud. Forbes wrote "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."
"Every board member has a fiduciary responsibility for the company they serve but Romney's role was very hands-on at Damon," Tyler told us via email. "He led Bain to acquire the company and he put himself on the board and was a very active member in the company.
"Despite this, the fact remains that Damon was engaged in Medicare and other fraud when Bain purchased the company, was engaged in fraud while Bain owned the company and continued to engage in fraud when Bain sold the company, which was sold the same month the subpoenas were issued."
The overbilling began before Bain bought Damon and continued for several years. For two years, Damon was under Bain's ownership before it went public. Afterward, Romney served on its board.
Winning Our Future's claim that Romney "supervised" the Damon Corp. is more specific than the prior claim. It suggests that Romney had a direct role in supervising the company. As PolitiFact Florida found, it is difficult to determine whether Romney was involved in the fraud.
Bain had control of Damon for four years, two of those before it went public. We believe Romney had some authority over the policies at Damon.
But to say he "supervised" the company is somewhat of a stretch. We rate this claim Half True.
The text above is an excerpt. Go to the source for the full “clean-up.”
Let’s just agree to say that Romney DIRECTED the company that was convicted of MediCare Fraud for the the time that Romney DIRECTED it.
Directing something and supervising something are distinctions without a difference to most of us out here who read this things.
They tell Newt to lean over, while they lean backward to dismiss Mitt.
I listened to Fox News (especially Brit Hume) carrying water for Romney again last night as he attacked Santorum (although he got in a few digs at Gingrich, too.)
Everyone despises Romney, and Fox is still pushing the guy. I hadn’t watched them in a while, but checked on them last night and there it is again.
We Romney We Decide
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