Page 1 of 3 123 LastLast
Results 1 to 10 of 25
Like Tree22Likes

Thread: Tagg Romney linked to ponzi scheme

  1. #1
    Sage
    PeteEU's Avatar
    Join Date
    Mar 2006
    Location
    Denmark
    Last Seen
    Today @ 08:30 AM
    Gender
    Lean
    Centrist
    Posts
    19,680
    Likes Received
    5986 times
    Likes Given
    2298

    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..

  2. #2
    Tavern Bartender
    KnightedConstitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Pointing out your hypocrisy.
    Last Seen
    Today @ 06:46 AM
    Gender
    Lean
    Conservative
    Posts
    53,475
    Likes Received
    15206 times
    Likes Given
    10837

    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.
    Quote Originally Posted by Glen Contrarian View Post
    Please pardon the sound of the children screaming in terror - that's the sound of Second Amendment Freedom!!!!
    Quote Originally Posted by haymarket View Post
    I need no verifiable evidence for my own opinion.

  3. #3
    Sage
    Mycroft's Avatar
    Join Date
    Oct 2011
    Last Seen
    Today @ 10:26 AM
    Gender
    Lean
    Conservative
    Posts
    11,660
    Likes Received
    4299 times
    Likes Given
    1508

    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
    -I don't trust a man who talks about ethics when he's picking my pocket.- Time Enough For Love - Robert A Heinlein
    My avatar created by Feliza Estrada

  4. #4
    Ho
    tres borrachos's Avatar
    Join Date
    Feb 2012
    Location
    New England
    Last Seen
    Yesterday @ 05:50 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    13,960
    Likes Received
    7206 times
    Likes Given
    9428

    Re: Tagg Romney linked to ponzi scheme

    What office is Tagg Romney running for?

  5. #5
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 03:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773
    Likes Received
    5751 times
    Likes Given
    570

    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

  6. #6
    Banned
    Join Date
    Apr 2012
    Location
    SE Asia
    Last Seen
    07-12-14 @ 09:52 AM
    Gender
    Lean
    Libertarian - Left
    Posts
    2,333
    Likes Received
    2081 times
    Likes Given
    1365

    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.

  7. #7
    Professor
    Amigo's Avatar
    Join Date
    Dec 2011
    Location
    South Carolina
    Last Seen
    04-27-13 @ 10:47 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    1,945
    Likes Received
    326 times
    Likes Given
    2015

    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.

  8. #8
    Professor
    Amigo's Avatar
    Join Date
    Dec 2011
    Location
    South Carolina
    Last Seen
    04-27-13 @ 10:47 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    1,945
    Likes Received
    326 times
    Likes Given
    2015

    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.

  9. #9
    Beilski Partisan
    Harry Guerrilla's Avatar
    Join Date
    Dec 2008
    Location
    Not affiliated with other libertarians.
    Last Seen
    06-30-13 @ 06:39 PM
    Gender
    Lean
    Libertarian
    Posts
    22,130
    Likes Received
    9157 times
    Likes Given
    11518

    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.
    —Adam Shepard

  10. #10
    Professor
    Amigo's Avatar
    Join Date
    Dec 2011
    Location
    South Carolina
    Last Seen
    04-27-13 @ 10:47 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    1,945
    Likes Received
    326 times
    Likes Given
    2015

    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.

Page 1 of 3 123 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •