Saturday, July 14, 2012
With the ongoing palaver over the exact date of Mitt Romney’s exit from Bain, the Romney team insists the republican candidate completely separated from the private equity firm in February 1999.
But evidence based on Securities and Exchange documents suggest Mitt Romney was involved with Bain as late as 2002, continuing to maintain ownership of the firm, its various entities and profiting from it.
Romney has pushed back hard against charges he was responsible for post-February 1999 Bain deals that resulted in bankruptcies and outsourcing and the demise of American jobs. But there is another, more serious reason the Romney crew needs to worry about the controversy: Mitt Romney may have made false statements on a federal financial disclosure forms, and in doing so, is now exposed to charges he committed a felony punishable by up to one year of imprisonment and a $50,000 fine.
SOURCE: Mother Jones