Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Unknown Beatle

(2,691 posts)
21. I also read this article involving eToys.
Mon May 27, 2013, 05:20 PM
May 2013
To understand the level of fraud Romney’s surrogates committed in bankruptcy court, imagine a child custody battle between a powerful attorney and his ex-wife. The husband employs his firm to represent him, and surreptitiously supplies his partner to represent his ex-wife. When the mother discovers her ex-husband controlled his and her counsel, she reports the malfeasance to the court, and to avoid an investigation, her husband arranges to replace the prosecutor with one of his firm’s partners who pretends to investigate and then drops the case.

A similar scenario unfolded when Bain Capital took eToys into bankruptcy. Bain Capital’s secret law firm, MNAT, colluded with Romney’s bankruptcy gang by committing perjury to represent the debtors’ counsel and creditor’s counsel to give the appearance of being on opposite sides and conceal the fact eToys was not broke. Controlling both sides, Bain Capital’s corrupt gang colluded to plunder the company’s assets without opposition, and give Bain Capital eToys for free.

A 2005 Wall Street Journal article explained that eToys creditor’s attorney lied by failing to disclose conflict of interest when he appointed his partner as CEO of eToys. The eToys bankruptcy trustee alleged the “failure to disclose is difficult to understand as inadvertent rather than deliberate,” and it transpired in other companies Bain Capital took into bankruptcy during the same period. Influencing the debtor and creditor’s counsel, Bain was assured their bust out scheme would be successful. However, when an eToys executive liquidating assets discovered the frauds, including the company may not be broke, he alerted eToys managers and attorneys who attempted to buy him off; he declined their offer and reported the corruption to the Department of Justice. It is about this time that Romney, fearing a Department of Justice investigation, fled Bain Capital by retroactively retiring back to February 1999 to conceal his involvement in the eToys corruption scandal.

Despite the fact that Bain’s secret law firms (MNAT and Paul Traub) admitted lying, there was no Department of Justice investigation into Bain Capital, Romney, or their surrogates’ fraud and perjury because in August 2001, George W. Bush nominated another MNAT partner, Colm Connolly, as Delaware United States Attorney. Consequently, as Bain Capital’s friend, he refused to investigate and/or prosecute the confessed acts of perjury and admitted intentional crimes.


More

Man oh man! We sure dodged a bullet last November. Imagine Romney as POTUS, what a fucking nightmare!

Recommendations

0 members have recommended this reply (displayed in chronological order):

This is big, a little complex, and none of "our" leaders will talk about it, Egalitarian Thug May 2013 #1
You are a fickle pickle with the Sam Adams quote laserhaas May 2013 #3
BTW - it is NOT complex. Romney's gang has confessed and is laserhaas May 2013 #5
I will be happy to see all of the corruption in our world exposed in the light of day, and people Voice for Peace May 2013 #8
Love that moniker "Voice for Peach" - and YES, the inflexible sword of truth laserhaas May 2013 #15
"Voice for Peach". Was that intentional? I like it anyway. rhett o rick May 2013 #17
voice for peach.. lol Voice for Peace May 2013 #19
Please keep after them, I wish I had your strenght to keep fighting those bastards. retired rooster May 2013 #2
Thanks - I'm about to go kick Mitt (in a civil way) - in his Pocket Proverbials laserhaas May 2013 #4
I would love to see Romney sorefeet May 2013 #6
That's what I don't understand. This case is a poster child for all we wish. laserhaas May 2013 #7
if your case is just, and your facts are true, just keep at it.. Voice for Peace May 2013 #9
It will never stop me - I'm ALL IN on this. The facts are ironclad laserhaas May 2013 #12
Its never going to happen Marrah_G May 2013 #10
Negative nanny, are you? RobertEarl May 2013 #23
So you actually think Mitt Romney and his ilk are going to ever be prosecuted? Marrah_G May 2013 #24
Then fight them. RobertEarl May 2013 #25
Dreier, Petters, Okun, Reservitz, Hecker, Catain, Rothstein, Stanford laserhaas May 2013 #31
Hang the Speculators BillyRibs May 2013 #11
Love your smiley - but not your premise. I concur they should be stopped laserhaas May 2013 #13
A century ago we hung them, Now, BillyRibs May 2013 #27
I really hope you succeed Unknown Beatle May 2013 #14
Concur - Greatly - laserhaas May 2013 #16
I know from experience that sorefeet May 2013 #18
Thanks sorefeet (and that's SO apropos to mine right now) laserhaas May 2013 #20
I also read this article involving eToys. Unknown Beatle May 2013 #21
That's the story in a nutshell----------- laserhaas May 2013 #22
Matt Taibbi raincity_calling May 2013 #26
I'm one of the sources of Taibbi's Sept 2012 cover story "Greed & Debt" laserhaas May 2013 #29
Absolutely. Provided of course that there is probable cause that crimes were committed. Nye Bevan May 2013 #28
Your joking - right? laserhaas May 2013 #30
Post removed Post removed May 2013 #32
supporting Romney for what, dear? cali May 2013 #33
I'm use to trolls, Rove & Romney pay them to follow and harrass me everywhere. laserhaas May 2013 #36
Mr. Haas, please, whatever you do... jmowreader May 2013 #34
I've been on the phone and working with the "Selective Enforcement Commission" laserhaas May 2013 #35
BTW - SEC INFO is how we persuaded main stream Romney was lying on his Campaign Forms laserhaas May 2013 #37
Latest Discussions»General Discussion»Do you wish to see Mitt R...»Reply #21