FactCheck.org: 'Little new' in Globe story
FactCheck.org is standing by their asseassment that Mitt Romney did not actively manage Bain Capital after February 1999, despite today's Boston Globe report that he was CEO there until 2002.
"We see little new in the Globe piece. So far, nobody has shown that Romney was actually managing Bain — even part-time — during his time at the Olympics, or that he was anything but a passive, absentee owner during that time, as both Romney and Bain have long said," Brooks Jackson, a co-author of the FactCheck piece, told POLITICO today.
On July 2, Jackson and Robert Farley wrote that Romney would be guilty of a federal felony if he had any active management in Bain Capital after February 1999, given that he certified on federal financial disclosure forms that he had left at that time.
But Jackson said that FactCheck.org would "reassess" their analysis if Romney had been involved in management decisions after February 1999.
"We would reassess our judgment should somebody come up with evidence that Romney took part in any specific management decision or had any active role (not just a title) at Bain after he left to head the Olympics," Jackson wrote. "But in our considered judgment, nothing in the Globe story directly contradicts Romney's statements — which he has certified as true under pain of federal prosecution — that he 'has not had any active role' with Bain or 'been involved in the operations' of Bain since then."
Asked whether Romney would be guilty of a federal felony if he had taken part in management decisions or had an active role at Bain after February 1999, Jackson replied:
He would certainly be open to a federal charge for violation of 18 USC 1001.
But it would be up to a prosecutor to decide whether to press charges, and then up to a judge or jury to decide guilt.
It's a fact that people have gone to prison for violating that law. Our point is that the legal equivalent of a sworn statement carries some weight as evidence — more than a campaign press release, for example.
The charge that Romney moved jobs overseas while running Bain has been central to the Obama campaign's attacks on Romney. Until now, fact-checkers like the Washington Post's Glenn Kessler have described the Obama campaign's claims as misleading because of Romney's assertion that he stopped managing Bain in 1999. However, Mother Jones' David Corn reported Wednesday that Bain invested in companies that outsourced jobs prior to the time Romney says he left, and the documents cited by the Globe show that Romney was still listed as an executive at Bain during the time the Obama campaign accuses the company of outsourcing jobs
This allegation is over 10 years old. Mother Jones is only bring up old news that has already been debunked by state of MA election officials.
Read the facts and then admit that Obama is a liar.
http://www.theblaze.com/stori...
Don't waste anymore of time.
http://video.msnbc.msn.com/ms...
Here's what happened with Stericycle. In November 1999, Bain Capital and Madison Dearborn Partners, a Chicago-based private equity firm, filed with the SEC a Schedule 13D, which lists owners of publicly traded companies, noting that they had jointly purchased $75 million worth of shares in Stericycle, a fast-growing player in the medical-waste industry. (That April, Stericycle had announced plans to buy the medical-waste businesses of Browning Ferris Industries and Allied Waste Industries.) The SEC filing lists assorted Bain-related entities that were part of the deal, including Bain Capital (BCI), Bain Capital Partners VI (BCP VI)...
Here's what happened with Stericycle. In November 1999, Bain Capital and Madison Dearborn Partners, a Chicago-based private equity firm, filed with the SEC a Schedule 13D, which lists owners of publicly traded companies, noting that they had jointly purchased $75 million worth of shares in Stericycle, a fast-growing player in the medical-waste industry. (That April, Stericycle had announced plans to buy the medical-waste businesses of Browning Ferris Industries and Allied Waste Industries.) The SEC filing lists assorted Bain-related entities that were part of the deal, including Bain Capital (BCI), Bain Capital Partners VI (BCP VI), Sankaty High Yield Asset Investors (a Bermuda-based Bain affiliate), and Brookside Capital Investors (a Bain offshoot). And it notes that Romney was the "sole shareholder, Chairman, Chief Executive Officer and President of BCI, BCP VI Inc., Brookside Inc. and Sankaty Ltd."0
Romney signed a Bain document pursuant to a $75 million deal. That would appear to qualify as involvement in Bain activity. And according to a Bain spokeswoman, Romney signed such documents more than once. She told me that after February 1999 Romney was a "signatory on certain documents" until his separation agreement with Bain was finalized in 2002.