Democracy Now: Bain Docs Point to Offshore Ties


The murky details of Mitt Romney’s fortune have come closer to the light with the release of a massive trove of internal audits and other documents for 21 “cryptically named entities” in which Romney had invested. The website Gawker reports nearly all of the entities were linked to Bain Capital, the private equity firm Romney co-founded, and that many were offshore funds based in the Cayman Islands. Gawker says the documents “reveal the mind-numbing, maze-like, and deeply opaque complexity with which Romney has handled his wealth.” The documents also reportedly show that investments Romney described as part of his retirement package at Bain were not made until years after he left the company.

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~ by wheresthemic on August 24, 2012.

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