DOWNLOAD the Romney SEC docs (and here's what to look for) (This is EXPLOSIVE evidence)... [View all]

[Amerigo Vespucci]

Last edited Fri Jul 13, 2012, 03:06 PM - Edit history (1)

ON EDIT: Forgot the article link in my original post: http://current.com/shows/the-war-room/blog/footnotes-in-romney-filings-show-he-was-active-at-bain-long-after-1999

DOCUMENTS: Footnotes in Romney filings show he was active at Bain long after 1999

Last night on The War Room we shared newly uncovered documents that show Republican presidential candidate Mitt Romney was active in Bain businesses long after he said he’d left the company. The documents are attached here as PDF’s, for review. They say the devil is in the details – in this case, the proof is in the footnotes. Please turn your attention to Exhibit A-5. Careful review of the notations shows mentions of which businesses Romney retired from, those in which he claimed to be not active, and others in which he was active. Download the documents for your own review below.

https://docs.google.com/open?id=0B8Tom8DDBWumSWxoRFYxSWo2MGs

Specifically, the interesting information is located in Exhibit A-5 (Employment and Other Associations with Businesses and Non-Governmental Entities). In this exhibit, the footnote on page 2 indicates the following: “1 This designation indicates that while Governor Romney was listed as a general partner of this entity and therefore, in theory, had management authority, in fact he played no active role in the management of this entity.” That footnote was attached to a number of the companies listed in the exhibit – for example, on page two of the exhibit BCIP Associates has that designation and is further clarified under the Position Held line where Romney is listed as “General Partner (passive)”. BUT, that footnote and that parenthetical designation is NOT listed on the two entities on page 1 of the Exhibit: Bain Capital Inc, where his position was listed as “Executive” and his salary was “Over $100,000”; and Bain Capital LLC, which also lists his position as “Executive” and his salary as “Over $100,000.”

Similarly, in Exhibit B-6 (Business Ownership/Equity), 35 entities are listed. The footnotes in that exhibit are equally instructive: “i” reflects the following information: “Mr. Romney is a passive, limited partner in this partnership and has no management capacity.” Of the 35 entities, 15 are designated as “passive.” The rest do not have that designation. Thus, the following listed businesses located at the Bain offices and that Romney had exclusive control over did not have the “i” designation and were not passive: Bain Capital Inc, where he had 100% ownership; Bain Capital II, Inc. where he had 100% ownership; Bain Capital Investors, Inc. where he had 100% ownership; Bain Capital Investors V, Inc, where he had 100% ownership; Bain Capital Investors VI, Inc, where he had 100% ownership; Bain Capital NY, Inc, where he had 100% ownership; BCP Service Corporation, where he had 100% ownership; Brookside Capital Parnters, Inc., where he had 100% ownership; Information Partners, Inc., where he had 100% ownership (same address as the Bain companies); and Sankaty Advisors, Inc, where he had 100% ownership. Thus, Romney distinguishes between active and passive involvement in a document signed in 2003 and referring to his activity in 2002. [font color="red"]In total, he was active in 13 Bain-related companies in 2002.[/font]