There is a constant pattern with Mitt Romney … he’s the most nontransparent political candidate in modern history. He used tax loopholes and offshore tax shelters to “rip off” Italian citizens with Bain Capital’s purchase of the state owned version of “The Yellow Pages” making a cool $1 billion in just two years and avoiding paying taxes (source). He amassed up to $100 million in his IRA in offshore banks using tax loopholes to presumably skirt tax laws in the U.S. and won’t share any details on these overseas bank accounts (source). This is a guy who has a history of using offshore bank accounts to do his business in the dark, secretly without any transparency … and we already know he pays lower taxes than the average American despite making $62 million in two years without even having any actual employment.
Well – now … the LA Times shares some background on Romney’s use of offshore bank accounts with wealthy foreigners who helped him start Bain … as in these wealthy foreigners using these offshore bank accounts were FOUNDING donors. And these founding donors had ties to “illegal drug money, right-wing death squads, or left-wing terrorism” in Central America that received international condemnation. Those founding donors are still one of the largest investor groups in Bain Capital. Seriously.
I remember when Romney told kids who were trying to pay for school to “borrow money from your parents”; he just borrowed money from families with ties to drug lords and right wing death squads. Can you even begin to imagine what kind of ads and whisper campaigns would come from these billionaire backed 3rd party groups if Obama had this kind of background?
The Los Angeles Times has this BLOCKBUSTER finding HERE:
When Mitt Romney launched Bain Capital in 1984, he struggled at first to raise enough money for the untested venture. Old-money families like the Rothschilds turned down the young Boston consultant. So he and his partners tapped an eclectic roster of investors, raising more than a third of their first $37-million investment fund from wealthy foreigners. Most of the foreign investors’ money came through corporations registered in Panama, then known for tax advantages and unusual banking secrecy.
Previously unreported details, documented in Massachusetts corporate filings and other public records, show that Bain Capital was enmeshed in the largely opaque world of international high finance from its very inception. About $9 million came from rich Latin Americans, including powerful Salvadoran families living in Miami during their country’s brutal civil war. At the time, U.S. officials were publicly accusing some exiles in Miami of funding right-wing death squads in El Salvador. Some family members of the first Bain Capital investors were later linked to groups responsible for killings, though no evidence indicates those relatives invested in Bain or benefited from it.
The Huffington Post adds even bigger report piggybacking on the LA Times report HERE:
Romney could also have thanked investors from two other wealthy and powerful Central American clans — the de Sola and Salaverria families, who the Los Angeles Times and Boston Globe have reported were founding investors in Bain Capital.
While they were on the lookout for investments in the United States, members of some of these prominent families — including the Salaverria, Poma, de Sola and Dueñas clans — were also at the time financing, either directly or through political parties, death squads in El Salvador. The ruling classes were deploying the death squads to beat back left-wing guerrillas and reformers during El Salvador’s civil war.
The death squads committed atrocities on such a mass scale for so small a country that their killing spree sparked international condemnation. From 1979 to 1992, some 75,000 people were killed in the Salvadoran civil war, according to the United Nations. In 1982, two years before Romney began raising money from the oligarchs, El Salvador’s independent Human Rights Commission reported that, of the 35,000 civilians killed, “most” died at the hands of death squads. A United Nations truth commission concluded in 1993 that 85 percent of the acts of violence were perpetrated by the right, while the left-wing Farabundo Martí National Liberation Front, which was supported by the Cuban government, was responsible for 5 percent.
Like us on Facebook?