Nov. 4, 2012 Mitt Romney the GOP candidate who violated federal ethics laws will be the first Presidential candidate to be charged before an election for President.
Mitt Romney has simply refused to release his tax returns and the one year he did release was described by the Internal Revenue Service as “incomplete” because it did not include a separate filing for offshore accounts and income. The 2011 Tax Return mentions nothing about the Delphi investments because that income was handled by an offshore corporation.
If there is a way to scam people, gut companies and profit – Mitt Romney surely knows how to do it.
This issue may not seem significant to some people, and perhaps those who dislike President Obama may even ignore this glaring fact, Mitt Romney is now an Impeachable Candidate for the Presidency of the United States.
If, Mitt Romney were to win the election by the current voter suppression and devious means, these facts will haunt him for the entire period of time of his term.
Most likely what would happen, is that the Democrats would launch an Impeachment trial against Romney and he would be forced out for the violations he’s made that violate the Articles of Impeachment.
On Monday, November 5, 2012 and one day before the election in which he is running for President, Mitt Romney will be charged with ethics violations that have huge implications for his qualifications to run as President.
The US Office of Government Ethics is being called upon by the UAW, the United Auto Workers to investigate Mitt Romney for noncompliance and “compel him to disclose his investments or divest them”. The coordinated effort is being made by government organizations, community and labor organizations many of which have been affected by Mitt Romney’s investment scandal.
A Coalition File Complaint Against Mitt Romney- Candidate for President
The UAW isn’t the only organization that is filing the complaint, it is joined by: CREW, SEIU – Service Employees International Union, Public campaign, People for the American Way and the Social Equity Group.
The communications were sent to Don W. Fox, General Counsel for the Office of Gernment Ethics that reads:
Gov. Mitt Romney “has not even attempted to meet the requirements for a federal blind trust with respect to his substantial equity holdings. The only way for this law to be enforced in a meaningful way is for your Office to act promptly to demand that candidate Romney disclose his stock holdings, or divest them if disclosure is not feasible.”
Still uncovered in his tax returns are investments made in Delco a division of General Motors, now known as Delphi through a myriad of partnerships, family trusts, investments and twisted use of tax free shelters in offshore corporations.
The law is quite clear on disclosures:
Federal law requires that candidates disclose stock holdings that are affected by government action—and Romney’s million-dollar (at least) investment in a hedge fund that bought up Delphi stocks surely fits that bill… Under any rational interpretation of the Ethics in Government Act of 1978, these are holdings that a presidential candidate would need to disclose, because they can be affected by government action.”
But what we are uncovering is not good, and does not bode well for a man who could win the keys to the White House in the matter of days.
Exploiter In Chief- Mitt Romney
Mitt Romney’s whole operation through Bain Capital was a continuation of gutting US companies, through private equities, limited partnerships funded by family blind trusts all to create unemployment, devastation and jobless Americans and he is not disclosing his profits from the General Motors Bailout funds, which also came from taxpayers.
If voters are not outraged by this by Election Day, they are not getting the truth and it is all because this candidate, is lying to America, is hiding his outrageous vulture capital from voters and still he continues to get away with non-disclosure of this income by the same methods used in many US held companies.
Are Voters Blindly -Voting Criminals into the White House?
As of November 1, 2012 the United Auto Workers have charged Romney with hiding profits of up to 15 million dollars from the Auto Bailout of 2009 perhaps as much as 115 million dollars now safely tucked in offshore accounts.
Ann Romney’s Blind Trusts- Are Not So Blind And Weren’t During the 2009 GM Bailout
Ann Romney holds many blind trusts and so do other members of the Romney family dynasty of vultures. His wife Ann Romney where the funds were used for the Delphi purchase, from her “not so blind” trust accounts were used in the deals.
Mitt Romney in public, had opposed the Auto Bailout of General Motors, passed by the Obama administration yet he build a profit center around Delphi Investor Group that was hidden in a limited partnership trust.
Now we know why he really pretended to oppose the bailout, although he made money “with the bailout” anyway!
This offshore corporation in a limited partnership inside a trust hides the profits Romney made and reduced taxes through the use of devious loopholes.
Ann Romney is implicated here because her blind trust is not federally approved but it was used in the scheme to hide a major investment in Delco (Delphi) where Romney gained a 4,000 percent profit on just one investment from the GM Bailout.
Singer and Romney picked up Delphi Auto for .67 cents a share, now worth $30.00 a share and made a 4,000 percent profit and this made the Romney’s 15 million or more in profits.
Basically what the Romney’s and Singer did was to buy up Delco (Delphi) which was the parts division of General Motors for dimes on the dollar.
In 2009 Ann Romney’s partnership with Paul Singer a billionaire purchased a controlling interest in Delphi Auto secretly.
Singer’s Elliott Management, a hedge fund threatened GM unless GM forked over the massive bailout funds and give Delphi the cash.
Then Paul Singer and the Romney’s threatened General Motors and said they would cut off their supply of steering columns unless GM gave them bail out funds -sort of like Extortion. The hedge fund received 12.9 billion dollars in taxpayers subsidies according to Greg Palast.
Since the GM’s parts division was out of their hands, they were powerless to ignore what the new owners of Delphi said and the money was passed onto Singer and Romney.
Then, they turned around and demanded part of the bailout money to the tune of 12.9 million paid for by taxpayers. Later they switched the investment into hedge funds that Mitt and Ann Romney bought.
After Singer and Romney received the bailout money they trashed the company and 28 out of 19 Delphi plants were closed and similar to what Romney did to the Sensata plant in Freeport, Illinois he gutted the jobs, and sent them to China.
The Singer hedge fund or group once they controlled Delphi fired 25,000 auto worker jobs and moved the plants to Mexico and China, putting Americans out of work in a major assault on the economy, at a time where the country was still reeling from the Wall Street meltdown. The 25,000 jobs affected 25,000 families that were now – unemployed.
The Romney’s and Singer basically then gutted the company fired union workers, stripped them of their pensions and again the jobs were shipped to China.
The nerve of Romney for being critical of the President’s auto bailout is obscene, immoral and vulgar to most American workers especially in Michigan and Ohio that thrive on the automotive industry.
President of UAW Bob King in Toledo said quote:
“The American people have a right to know about Gov. Romney’s potential conflicts of interest, such as the profits his family made from the auto rescue. It’s time for Gov. Romney to disclose or divest.”
“While Romney was opposing the rescue of one of the nation’s most important manufacturing sectors, he was building his fortunes with his Delphi investor group, making his fortunes off the misfortunes of others,” end quote. TruthOut.org
Romney did not disclose his investments in Delphi in his June 2012 Financial Disclosure Reports.
This is what we suspected all along, Romney did want General Motors to go bankrupt, because as a vulture capitalist he wanted to carve the carcass that was GM into pieces and sell them off to China after he gutted the company. That’s how Mitt Romney works, that’s his motivation and that is how he makes millions if not billions of dollars all tucked away in offshore accounts.
Illegal Voter Suppression- The Only Way Mitt Romney Can Win the Election
At this point from numerous polls the only way Mitt Romney can win this election, is by criminal and illegal acts by states controlled by republicans: Ohio, Pennsylvania and Florida are key to this criminality. The Trust is a method of hiding profits and avoiding taxation and the Romney family have been using this ruse for years
Friday Nov. 2, 2012 Ohio- Last Minute Voter Suppression
Ohio GOP Secretary of State Jon Husted limited early voting hours at the last minute and has asked poll workers -Not To Count Provisional Ballots an illegal act,. In his order to poll election officials he ordered the ballots not to be included in the vote count which could swing the election to Mitt Romney.
Quote from the Nation: “Our secretary of state has created a situation, here in Ohio, where he will invalidate thousands and thousands of people’s votes,” Brian Rothenberg, executive director of ProgessOhio, said during a press conference at the board of elections in Cuyahoga County yesterday in downtown Cleveland. Added State Senator Nina Turner: “‘SoS’ used to stand for secretary of state. But under the leadership of Jon Husted, ‘SoS’ stands for secretary of suppression.” end quote.
More at BuzzFlash: UAW Charges Romney With Profiteering from Auto Bailout
UAW Files Charges -Press Conference Nov. 1, 2012
Updated: November 4, 2012 1:20 p.m. EST
Mitt Romney’s Bailout Bonanza
Press Conference and Press Release: November 1, 2012
WASHINGTON — A coalition of community, labor and good-government organizations is calling on the U.S. Office of Government Ethics to investigate GOP presidential candidate Mitt Romney for noncompliance with the Ethics in Government Act and compel him to either disclose his investments or divest them.
“The American people have a right to know about Governor Romney’s potential conflicts of interest, such as the profits his family made from the auto rescue,” said UAW President Bob King. “It’s time for Governor Romney to disclose or divest.”
“While Romney was opposing the rescue of one of the nation’s most important manufacturing sectors, he was building his fortunes with his Delphi investor group, making his fortunes off the misfortunes of others,” King added.
The groups sending the complaint letter, including SEIU, UAW, Citizens for Responsibility and Ethics in Washington, Public Citizen, Public Campaign, People for the American Way and The Social Equity Group, believe that Romney’s undisclosed stock holdings create serious conflicts of interest. They point to the auto rescue as a key example.
The Nation recently reported that the Romney family personally profited by at least $15.3 million from the auto loans of 2009 through his investment in the Delphi Corp. auto parts company. Yet Romney’s June 1, 2012, Public Financial Disclosure Report to the Office of Government Ethics did not reveal this windfall because he did not disclose the underlying holdings of his private equity and limited partnership funds.
Here are details of a joint news conference to be held Thursday in Toledo, Ohio:
WHO: UAW President Bob King SEIU Executive Vice President Tom Woodruff Investigative reporter Greg Palast, author of “Mitt Romney’s Bailout Bonanza” in The Nation, and the book, “Billionaires & Ballot Bandits: How to Steal an Election in 9 Easy Steps.” Delphi workers
WHAT: News conference on Mitt Romney’s conflicts of interest with his investments, including his profiting from the auto bailout.
WHERE: UAW Local 12, 2300 Ashland Ave., Toledo, Ohio 43620
WHEN: Thursday, Nov. 1, 2 p.m.
Updated: Nov. 4, 2012 2:02 p.m. EST
More from Greg Palast – Investigating The Romney Delphi Corporation- 4 Billion Dollars went to Romney Partners and Ann and Mitt Romney and their take of the bailout money is anywhere from 15 to 115 million dollars.
Secret Accounts are off the Coast of France
How Romney Cashed in on the Auto Bailout – From Taxpayers
4 Billion Dollars Worth – is that a Serious Conflict of Interest, Tax Evasion and many more criminal charges could be made here. Ann Romney and Paul Elliot Singer’s special financial deal that involved threatening General Motors.
This is only part of what the Romney’s are hiding in their tax returns.
Apparently the funds were moved from the USA to the The Isle of Jersey off the Coast of France, which is a notorious Tax Haven for the Delphi Romney profits and they pay no taxes on it.
Greg Palast a forensic economist is also an investigative reporter, and has been on BBC television. He is also the author of the book, Billionaires & Ballot Bandits: How to Steal an Election in 9 Easy Steps.
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