Thread: Tagg Romney linked to ponzi scheme

Tagg Romney's Company Misled Reporters About Its Relationship With Ponzi Scheme

oh... this is not good. Time to dump the son Mr Romney!

Last year, I reported that Tagg had formed a business partnership with several North Carolina investors who are still facing a lawsuit for receiving bonus pay for selling CDs as part of the $8 billion Stanford Financial Group Ponzi scheme.
In a nutshell, Tagg helped these investors form a company—called Solamere Advisors, a nod to Tagg’s firm Solamere Capital—shortly after their boss, Allen Stanford, was caught by law enforcement for his elaborate Ponzi fraud.
When I interviewed him in Las Vegas, Tagg told me that his associates were “cleared” of any wrongdoing associated with the Stanford Ponzi scheme. Court documents directly contradict Tagg and show that the lawsuit has not been dismissed.
The New York Times followed up on my story with its own report and confirmed that Tagg’s business partners received incentive pay for selling bunk Stanford CDs. They wrote about one Stanford victim, a local Charlotte businessman and philanthropist named Herman Stone. Stone was pressured by Brandon Phillips, an executive working now for Tagg’s firm, into putting $2 million into a fraudulent Stanford CD and lost everything.

Does not look good..

I'm waiting for the damning evidence. Tagg invested his own money in this advisor company. Where is the partnership? To my knowledge he's a mere investor, and his company did not invest any money into Solamere Advisors. You got a leftwing blog (Think Progress) putting out articles on this. I see what appears to be a shoddy attempt to tie the two companies together. Think Progress is a huge Obama supporter.

Obama 2012 - ThinkProgress

Go ahead and click on it. Looks like they've been tied to Media Matters too.

This is similar to that attempt to tie Romney in with some gangsters in a Central or South American country...I forget which.

That try didn't go anywhere either.

What office is Tagg Romney running for?

The apple doesn't fall far from the tree....

Originally Posted by tres borrachos

What office is Tagg Romney running for?

This. I didn't care about the shenanigans of Bill Clinton's brother and I don't care about the shenanigans of Mitt Romney's adult son. It makes people look desperate and they focus their criticism on family members.

ThinkProgress is referred to a million times... NOW THAT IS A RELIABLE SOURCE!!

Originally Posted by AdamT

The apple doesn't fall far from the tree....

Wow, you are so quick to believe a lie!

Personally, the biggest problem I see here, is that Romney named his kid, Tagg....
Wtf....

Everyone should keep in mind that the article is dated October 12th, so this story didn't take off so well!