New Documents Show Romney's Bain Lies are Piling Up Sky High

Jul 12 2012 Published by under Featured News

Romney is hiding something. He doesn’t want to release his tax returns and he seems to be not telling the truth about his tenure at Bain Capital.

In a new report by the Boston Globe, they show “a Massachusetts financial disclosure form Romney filed in 2003 states that he still owned 100 percent of Bain Capital in 2002. And Romney’s state financial disclosure forms indicate he earned at least $100,000 as a Bain “executive” in 2001 and 2002, separate from investment earnings.”

The SEC filings also show Romney as Bain’s head guy. Both Bain and Romney’s campaign have said that the SEC filing showing Romney as Bain’s CEO is a mere technicality.

The Boston Globe continued,

“You can’t say statements filed with the SEC are meaningless. This is a fact in an SEC filing,” said Roberta S. Karmel, now a professor at Brooklyn Law School.

“It doesn’t make a whole lot of sense to say he was technically in charge on paper but he had nothing to do with Bain’s operations,” Karmel continued. “Was he getting paid? He’s the sole stockholder. Are you telling me he owned the company but had no say in its investments?”

There were nine SEC filings that show Romney as Bain’s CEO, a manager over 5 Bain Capital entities that were formed in 2002 in Delaware.

This could prove very problematic for Romney, who has tried to balance between showing his business experience as a plus to move the economy out of a rut, and evade questions about outsourcing.

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