Now that the election is over, should Mitt Romney be investigated for stock fraud where he and his billionaire friend made millions?
Romney testified under oath that a stock was not worth much, and several weeks later he went and sold the very same stock for millions in profit!
Romney testified under oath that a stock was not worth much, and several weeks later he went and sold the very same stock for millions in profit!
Mitt Romney implicated in perjury and stock fraud, made millions in process
- election 2012
- October 24, 2012
- By: Lou Colagiovanni
Mitt Romney the fraudster, a story with many chapters
Credits: abc.com
Mitt Romney has been implicated in a complex case involving perjury, stock manipulation, and possibly consumer fraud.
Mitt Romney lied in the divorce proceedings of his wealthy friend, Tom Stemberg, founder of Staples, according to a story by radaronline.com. At least that is what Stemberg's former wife, Maureen, says. She is a MS patient who says her husband was so vindictive he even cut off her health insurance. Unfortunately the records for this case have been sealed, and participants are unable to discuss them. Other forces are in motion to lift the gag order.
It is a matter of public record that Mitt Romney went on the stand claiming that Staples as a business was "overvalued." He also specifically said:
I didn't place a great deal of credibility in the forecast of the company's future.
Because of Romney's testimony the court valued the corporation at a paltry percentage of its actual worth, and Maureen Stemberg was granted a tiny settlement.
Meanwhile, weeks after the divorce was finalized, Mitt Romney and his buddy Tom Stemberg sold their shares of Staples to Goldman Sachs and made millions in the process.
This is a case in a long line of cases that show a side of Mitt Romney's business ethics that he does not want the American people to know about.
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