Presidential campaign supporter Goldman Sachs tied to trafficking of underage girls for prostitution.
I am however questioning the fact that both Romney and Obama are both recipients of huge donations from Goldman Sachs towards their presidential campaigns. Would it not be apparent that this whole debacle of human trafficking and underage prostitution might merely be swept under the rug by either of these two, should they be put in a position of such authority? We already know what a criminal Obama's current AG, Eric Holder is. His actions are far from questionable. Seems to me, that he would be more than willing to help this criminal activity by a top campaign contributor get swept under the rug with little to no fines or penalties. Read the article, then let me know your thoughts please.
Mitt Romney's wife had blind trust invested in Goldman Sachs' sex trafficking fund
06:59 EST, 3 April 2012
12:20 EST, 3 April 2012
The wife of Republican
presidential hopeful Mitt Romney had a blind trust invested in the
Goldman Sachs' sex trafficking fund, it emerged today.
According to an August 2011 financial
disclosure report by the Romneys, Ann Romney's blind trust had an
investment valued between $15,001 and $50,000 in Goldman's GS
Capital Partners III.
Reuters reported that while there is no suggestion the
Romneys knew about the investment, the disclosure highlights the
difficulty for politicians and their families when they invest in blind
trusts that are supposed to protect them from conflicts of interest and
Controverisal: The Goldman Sachs sex trafficking
scandal has now been linked to the Ann Romney, the wife of presidential
Goldman said on Sunday that GS
Capital Partners III signed a deal last Friday to sell its 16 percent
stake in Village Voice Media, which owns the website Backpage.com, back
Critics argue that Backpage.com
facilitates the trafficking of underage prostitutes and sex slaves,
although others question that.
Andrea Saul, a spokesman for
Romney, stressed that the funds were managed on a blind basis, 'so the
trustee, not the Romneys, make their investment decisions.
'Furthermore, the trustee invests in funds, but, as a passive investor, has no control over the funds' investments.'
Goldman's divestiture is the latest
development in a growing controversy over online adult advertising that
has pitted celebrities, law enforcement officials, members of Congress
and New York Times columnist Nicholas Kristof against Village Voice
The private media company has the largest share of revenue in the United States from online advertising of adult services.
It has responded aggressively,
challenging critics' data with editorial investigations and claiming
that it goes to far greater lengths than competitors in cooperating with
law enforcement and monitoring its ads for illegal activity.
The original size and timing of the
blind-trust investment were not disclosed, though in 2007 the Ann Romney
trust reported during Mitt Romney's previous failed attempt to get
nominated as Republican presidential candidate that its investment in
the Goldman fund was then worth between $100,001 and $250,000.
Headquarters: Goldman Sachs, which owns GS
Capital Partners III, has signed a deal to sell its 16 per cent stake in
Village Voice Media, which owns the website, called Backpage.com
In Ann Romney's 2010 tax return,
which was made publicly available in January, the trust's investment
in the Goldman fund was reported as showing a $28,226 loss.
Goldman could not be immediately reached for comment on questions about the Ann Romney trust investment.
GS Capital Partners III invested $30
million in the Village Voice in 2000. This was a fraction of fund's
capital, which totaled $2.78 billion.
Goldman Sachs said the fund lost the vast majority of its investment when it sold its Village Voice stake last week.
The company – whose boss once claimed
it was ‘doing God’s work’ – faced huge embarassment after it was
linked to prostitution and sex trafficking of underage girls.
revelation plunged the U.S. investment bank into fresh embarrassment
over its business ethics weeks after a former executive claimed bosses
there called clients ‘muppets’.
has emerged that a private equity fund run by the bank had taken a
major stake in a secretive company called Village Voice Media.
owns a classified advertising website – Backpage.com – that is accused
of being the biggest forum for illegal sex trafficking of underage girls
GS Capital Partners III said it had
agreed to sell its 16 per cent stake in the media company, admitting it
had lost much of its investment in the process. Goldman Sachs insisted
it had grown ‘uncomfortable with the direction of the company’ and its
inability to influence its direction.
However New York Times columnist
Nicholas Kristof, who exposed the connection, said the bank had been
‘mortified’ when he first inquired about its stake last week and ‘began
working frantically to unload its shares’.
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