• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!
  • Welcome to our archives. No new posts are allowed here.

Tagg Romney linked to ponzi scheme

P

PeteEU

DP Veteran
Joined
Mar 11, 2006
Messages
38,970
Reaction score
14,309
Location
Denmark
Gender
Male
Political Leaning
Centrist
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.
Click to expand...

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.
 
The apple doesn't fall far from the tree....
 
tres borrachos said:
What office is Tagg Romney running for?
Click to expand...

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.
 
:lamo :lamo

ThinkProgress is referred to a million times... NOW THAT IS A RELIABLE SOURCE!! :lamo :lamo :lamo
 
Everyone should keep in mind that the article is dated October 12th, so this story didn't take off so well!
 
Amigo said:
:lamo :lamo

ThinkProgress is referred to a million times... NOW THAT IS A RELIABLE SOURCE!! :lamo :lamo :lamo
Click to expand...

In fact, it actually is a pretty reliable source. It's obviously a lefty site, but unlike some of the righty sites like WND, they do not publish loopy conspiracy theories.
 
AdamT said:
In fact, it actually is a pretty reliable source. It's obviously a lefty site, but unlike some of the righty sites like WND, they do not publish loopy conspiracy theories.
Click to expand...

They are liars up to the moon. Ignoring that is like ignoring the economy is worse than it was four years ago.... OH WAIT! You do ignore that! :doh
 
Amigo said:
They are liars up to the moon. Ignoring that is like ignoring the economy is worse than it was four years ago.... OH WAIT! You do ignore that! :doh
Click to expand...

In that case I'm sure you can provide plenty of examples? :popcorn2:
 
Mitt better watch out. If him or his family have been part of some stupid crap they are going to find out. Yes, tagg does matter as does the company in question because they supply the voting machines for cincinatti ohio. This isn't just bad, this may be a crime. I thought Mitt would be smarter than to think that no one would trace back the finances to his family. His presidential campaign might land one of his kids in jail on a felony.
 
tererun said:
Mitt better watch out. If him or his family have been part of some stupid crap they are going to find out. Yes, tagg does matter as does the company in question because they supply the voting machines for cincinatti ohio. This isn't just bad, this may be a crime. I thought Mitt would be smarter than to think that no one would trace back the finances to his family. His presidential campaign might land one of his kids in jail on a felony.
Click to expand...

Once again, believing lies at first glance!
 
Amigo said:
Wow, you are so quick to believe a lie! :2wave: :doh :3oops:
Click to expand...


What with Romney leading by 7 points, the Libbos are desperate. They already hate Romney because of his success in the private sector, w/o any help of the government. Now, the reality that Obama can lose is setting in; they'll say anything.
 
Last edited:
Amigo said:
Once again, believing lies at first glance!
Click to expand...

We will see. It doesn't really change my position, but I am just thinking that if you were involved in things like that you really should stay in the background. The candidates have a bright spotlight on them and in this day and age that is not a good thing. I don't know that it is true or not, but if it is it was a really dumb move to run for president in the first place.
 
You must log in or register to reply here.
Back
Top Bottom