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Thread: Tagg Romney linked to ponzi scheme

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    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..

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    Re: Tagg Romney linked to ponzi scheme

    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.
    Amigo and apdst like this.
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    Re: Tagg Romney linked to ponzi scheme

    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.
    TANSTAAFL
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    Re: Tagg Romney linked to ponzi scheme

    What office is Tagg Romney running for?

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    Re: Tagg Romney linked to ponzi scheme

    The apple doesn't fall far from the tree....
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: Tagg Romney linked to ponzi scheme

    Quote Originally Posted by tres borrachos View Post
    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.

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    Re: Tagg Romney linked to ponzi scheme



    ThinkProgress is referred to a million times... NOW THAT IS A RELIABLE SOURCE!!
    Quote Originally Posted by AdamT on Nov 8th, 2012 View Post
    Over the next four years the economy will continue to rebound and we will gradually get deficits under control. The real esate market will rebound, unemployment will fall to 6.5% or below, and GDP growth will stand at 3.5 - 4%. We won't be in any wars. And conservatives will still be whining.

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    Re: Tagg Romney linked to ponzi scheme

    Quote Originally Posted by AdamT View Post
    The apple doesn't fall far from the tree....

    Wow, you are so quick to believe a lie!
    Quote Originally Posted by AdamT on Nov 8th, 2012 View Post
    Over the next four years the economy will continue to rebound and we will gradually get deficits under control. The real esate market will rebound, unemployment will fall to 6.5% or below, and GDP growth will stand at 3.5 - 4%. We won't be in any wars. And conservatives will still be whining.

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    Re: Tagg Romney linked to ponzi scheme

    Personally, the biggest problem I see here, is that Romney named his kid, Tagg....
    Wtf....
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Tagg Romney linked to ponzi scheme

    Everyone should keep in mind that the article is dated October 12th, so this story didn't take off so well!
    Quote Originally Posted by AdamT on Nov 8th, 2012 View Post
    Over the next four years the economy will continue to rebound and we will gradually get deficits under control. The real esate market will rebound, unemployment will fall to 6.5% or below, and GDP growth will stand at 3.5 - 4%. We won't be in any wars. And conservatives will still be whining.

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