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The 20 latest Blog Posts
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- Historical Digitization Hundreds Of Tapes Fitrakis Archive.org
- Four Still Dead in Ohio
- Dr. Bob Speaking With Thom Hartmann About Alabama Election
- Bob Fitrakis speaks as an election attorney and political scientist who talks about the suspension of the laws of physics for exit polling only not working within the borders of the U.S.
- 10/7/2017, in Berkeley, Dr. Bob Fitrakis, Peter Peckarsky speak about voter exit polls and the massive issues American voters are facing
- The Other Side of the News October 6, 2017 – An interview with Ajamu Baraka
- Closing Statement At Summit County Ohio State Meeting
- Solartopia Green Power and Wellness Hour – 08.24.17
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- ORANGE IS THE NEW ORANGE: The President should be behind bars
- ORANGE IS THE NEW ORANGE: The President should be behind bars
- The Other Side of the News July 28, 2017 – Trump and the ACA
- Bob Speaks Out About Police Arrests At Portman’s “Private” Office
- Columbus Police on the Attack Again: Disabled demonstrators arrested
- Bob Fitrakis On WVKO Radio Columbus Series Audio 2012 Archive, Youtube Bonus at end
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Employees of Romney Family’s secret bank tied to fraud, money laundering, drug cartels and the CIA
by Gerry Bello and Bob Fitrakis
October 20, 2012
As previously reported in by the Columbus Free Press, the Romney family, namely Mitt, Ann, G Scott and Tagg Romney, along with Mitt’s “6th son” and campaign finance chair have a secretive private equity firm called Solamere Capital Partners. This firms ties to Romney’s campaign and bundlers is already well documented, along with its connection to the manufacture and distribution of voting machines. What is not as well documented is a subsidiary of that secret bank hiring employees of a failed firm tied to a ponzi scheme that has a long history of money laundering for Latin American drug cartels and to the Iran-Contra scandal.
As reported by ThinkProgress, Solamere Capital Partner’s subsidiary Solamere Advisors is a investment advisory group, providing advice to Solamere clients and boosting sales. Would-be corporate pugilist Tagg Romney is a director. According to the New York Times, all but one of its 11 employees came from the Charlotte office of the Stanford Financial Group, the US investment arm of convicted felon R. Allen Stanford’s offshore banking and fraud network that comprised a host of companies including the Stanford International Bank, Stanford Capital Management, The Bank of Antigua, Stanford Trust and Stanford Gold and Bullion. Three of these employees, Tim Bambauer, Deems May, and Brandon Phillips, received incentive compensation related to their direct sales of securities linked to a fraud that brought down this banking network.
Tim Bambauer has left his position as managing partner at Solamere Advisors. May and Phillips remain employed as partner and chief compliance officer respectively.
Allen Stanford is currently serving a 110-year prison sentence for convictions on 13 counts of fraud. His companies were placed in receivership. $8 billion of Stanford’s stolen money has yet to be recovered and the victims are in court to recover those funds and incentive pay bonuses to Stanford employees (including Bambauer, May and Phillips) for fraudulently getting people to invest in an operation that later bilked many of them out of their life’s savings.
Stanford’s shady history and criminality did not begin with the fraudulent investments that lead to his downfall, nor was it unknown at the highest level of United State’s Government. In a 2006 diplomatic cable released by WikiLeaks, the US Ambassador to Antigua advised “Embassy officers do not reach out to Stanford because of the allegations of bribery and money laundering. The Ambassador managed to stay out of any one-on-one photos with Stanford during the breakfast. For his part, Stanford said he preferred to conduct his business without contacting the Embassy, resolving any investment disputes directly with local governments. It is whispered in the region that Stanford facilitates resolution with significant cash contributions.”
Similarly investigations by the SEC, FBI and Scotland Yard into Stanford’s empire stalled or failed all the way back to the 1980s. The Independent Newspaper in the UK alleges that Stanford’s network was on the FBI’s radar for more than 20 years. Stanford set up his first offshore bank in 1986, just as Eugene Hausenfaus, shot down while gun running for the CIA in Nicaragua, was being connected to another company named Stanford, in this case the “Stanford Technology Trading Group” owned by Richard Secord, Albert Hakim, and 4 unknown other persons, perhaps including Allen Stanford. According to Iran-Contra Whistleblower Al Martin (Lt. Cmdr. USNR ret.) “Anything with the name Stanford on it belonged to Secord”. When finally brought to trial, Stanford employed the same defense attorney, Dick DeGuerin, as Iran-Contra defendant Oliver North.
As the Iran-Contra explosion crippled the CIA’s Caribbean bank of choice, the Bank of Credit and Commerce International (BCCI), Stanford’s offshore banking empire got using the same techniques and embracing the same moral category of clients. Stanford’s banks were known to have laundered money from the Juarez Cartel and alleged to have done so earlier for the Medellin Cartel, and one of his private planes has been seized by the Mexican government in a drug case.
On top of legal woes in the United States and Mexico, the London Daily Telegraph reported that Stanford’s Venezuelan offices were raided by Venezuela’s military intelligence over claims that its employees were paid by the CIA to spy on the South American country. When asked about this in a CNBC interview which was cited in a story by independent journalist Tom Burghardt, Stanford declined to comment on any involvement with the CIA rather than outright deny it.
All of the these dealings by Stanford, and the complicity of his employees in facilitating them, was public information before January 2010, when Mitt Romney addressed the first full meeting of Solamere’s investors. Yet his son Tagg chose to hire into his family these alleged white collar criminals as soon as Stanford’s criminal empire collapsed. The Romney family stands by the new employees associated with their secret bank, as evidenced by Tagg’s response to interview questions from ThinkProgress regarding Solamere’s ability to reign them in: “Hey guys, We’re done here”.
Employees of Romney Family’s secret bank tied to fraud, money laundering, drug cartels and the CIA
by Gerry Bello and Bob Fitrakis
October 20, 2012
As previously reported in by the Columbus Free Press, the Romney family, namely Mitt, Ann, G Scott and Tagg Romney, along with Mitt’s “6th son” and campaign finance chair have a secretive private equity firm called Solamere Capital Partners. This firms ties to Romney’s campaign and bundlers is already well documented, along with its connection to the manufacture and distribution of voting machines. What is not as well documented is a subsidiary of that secret bank hiring employees of a failed firm tied to a ponzi scheme that has a long history of money laundering for Latin American drug cartels and to the Iran-Contra scandal.
As reported by ThinkProgress, Solamere Capital Partner’s subsidiary Solamere Advisors is a investment advisory group, providing advice to Solamere clients and boosting sales. Would-be corporate pugilist Tagg Romney is a director. According to the New York Times, all but one of its 11 employees came from the Charlotte office of the Stanford Financial Group, the US investment arm of convicted felon R. Allen Stanford’s offshore banking and fraud network that comprised a host of companies including the Stanford International Bank, Stanford Capital Management, The Bank of Antigua, Stanford Trust and Stanford Gold and Bullion. Three of these employees, Tim Bambauer, Deems May, and Brandon Phillips, received incentive compensation related to their direct sales of securities linked to a fraud that brought down this banking network.
Tim Bambauer has left his position as managing partner at Solamere Advisors. May and Phillips remain employed as partner and chief compliance officer respectively.
Allen Stanford is currently serving a 110-year prison sentence for convictions on 13 counts of fraud. His companies were placed in receivership. $8 billion of Stanford’s stolen money has yet to be recovered and the victims are in court to recover those funds and incentive pay bonuses to Stanford employees (including Bambauer, May and Phillips) for fraudulently getting people to invest in an operation that later bilked many of them out of their life’s savings.
Stanford’s shady history and criminality did not begin with the fraudulent investments that lead to his downfall, nor was it unknown at the highest level of United State’s Government. In a 2006 diplomatic cable released by WikiLeaks, the US Ambassador to Antigua advised “Embassy officers do not reach out to Stanford because of the allegations of bribery and money laundering. The Ambassador managed to stay out of any one-on-one photos with Stanford during the breakfast. For his part, Stanford said he preferred to conduct his business without contacting the Embassy, resolving any investment disputes directly with local governments. It is whispered in the region that Stanford facilitates resolution with significant cash contributions.”
Similarly investigations by the SEC, FBI and Scotland Yard into Stanford’s empire stalled or failed all the way back to the 1980s. The Independent Newspaper in the UK alleges that Stanford’s network was on the FBI’s radar for more than 20 years. Stanford set up his first offshore bank in 1986, just as Eugene Hausenfaus, shot down while gun running for the CIA in Nicaragua, was being connected to another company named Stanford, in this case the “Stanford Technology Trading Group” owned by Richard Secord, Albert Hakim, and 4 unknown other persons, perhaps including Allen Stanford. According to Iran-Contra Whistleblower Al Martin (Lt. Cmdr. USNR ret.) “Anything with the name Stanford on it belonged to Secord”. When finally brought to trial, Stanford employed the same defense attorney, Dick DeGuerin, as Iran-Contra defendant Oliver North.
As the Iran-Contra explosion crippled the CIA’s Caribbean bank of choice, the Bank of Credit and Commerce International (BCCI), Stanford’s offshore banking empire got using the same techniques and embracing the same moral category of clients. Stanford’s banks were known to have laundered money from the Juarez Cartel and alleged to have done so earlier for the Medellin Cartel, and one of his private planes has been seized by the Mexican government in a drug case.
On top of legal woes in the United States and Mexico, the London Daily Telegraph reported that Stanford’s Venezuelan offices were raided by Venezuela’s military intelligence over claims that its employees were paid by the CIA to spy on the South American country. When asked about this in a CNBC interview which was cited in a story by independent journalist Tom Burghardt, Stanford declined to comment on any involvement with the CIA rather than outright deny it.
All of the these dealings by Stanford, and the complicity of his employees in facilitating them, was public information before January 2010, when Mitt Romney addressed the first full meeting of Solamere’s investors. Yet his son Tagg chose to hire into his family these alleged white collar criminals as soon as Stanford’s criminal empire collapsed. The Romney family stands by the new employees associated with their secret bank, as evidenced by Tagg’s response to interview questions from ThinkProgress regarding Solamere’s ability to reign them in: “Hey guys, We’re done here”.
Does the Romney family now own your e-vote?
by Gerry Bello, Bob Fitrakis & Harvey Wasserman
October 18, 2012
Will you cast your vote this fall on a faulty electronic machine that’s partly owned by the Romney Family? Will that machine decide whether Romney will then inherit the White House?
Through a closely held equity fund called Solamere, Mitt Romney and his wife, son and brother are major investors in an investment firm called H.I.G. Capital. H.I.G. in turn holds a majority share and three out of five board members in Hart Intercivic, a company that owns the notoriously faulty electronic voting machines that will count the ballots in swing state Ohio November 7. Hart machines will also be used elsewhere in the United States.
In other words, a candidate for the presidency of the United States, and his brother, wife and son, have a straight-line financial interest in the voting machines that could decide this fall’s election. These machines cannot be monitored by the public. But they will help decide who “owns” the White House.
They are especially crucial in Ohio, without which no Republican candidate has ever won the White House. In 2004, in the dead of election night, an electronic swing of more than 300,000 votes switched Ohio from the John Kerry column to George W. Bush, giving him a second term. A virtual statistical impossibility, the 6-plus% shift occurred between 12:20 and 2am election night as votes were being tallied by a GOP-controlled information technology firm on servers in a basement in Chattanooga, Tennessee. In defiance of a federal injunction, 56 of Ohio’s 88 counties destroyed all election records, making a recount impossible. Ohio’s governor and secretary of state in 2004 were both Republicans, as are the governors and secretaries of state in nine key swing states this year.
As we have previously reported, H.I.G. Capital has on its board of directors at least three close associates of the Romney family. H.I.G. Capital directors John P. Bolduk and Douglas Berman are major Romney fundraisers. So is former Bain and H.I.G. manager Brian Shortsleeve. H.I.G. employees have contributed at least $338,000 to Romney’s campaign. Fully a third of H.I.G.’s leadership previously worked at Romney’s old Bain firm.
But new research now shows that the association doesn’t stop with mere friendship and business associations. Mitt Romney, his wife Ann Romney, and their son Tagg Romney are also invested in H.I.G. Capital, as is Mitt’s brother G. Scott Romney.
The investment comes in part through the privately held family equity firm called Solamere, which bears the name of the posh Utah ski community where the Romney family retreats to slide down the slopes.
Unlike other private equity firms, Solamere does not invest in companies directly. Instead, Solamere invests in other private equity funds, like H.I.G. Capital. Solamere calls them “partners.” These partners, like H.I.G., then invest in various enterprises, like Hart Intercivic, the nation’s third-largest voting machine manufacturer.
As reported by Lee Fang of The Nation, Solamere was founded by Tagg Romney and Spencer Zwick, Papa Romney’s campaign finance chair. Ann Romney and Mitt’s brother G. Scott Romney are also invested. Mitt himself threw in $10 million “seed money” to get the fund going, and spoke personally to its first full investors conference. Solamere’s public web presence has been reduced to a front page only, so a complete list of it’s “partners” can not be found. But reportage by the New York Times, Boston Globe, Esquire and the Nation have slowly given us a partial picture of which funds are being funded by Solamere. Some $232 million has been raised so far, according to SEC filings and industry publications.
In addition to Romney’s finance chair Spencer Zwick, Solamere has also provided the campaign with its finance director, Richard Morley, and a western regional finance coordinator, Kaitlin O’Reilly. O’Reilly is listed as an “executive assistant” at Solamere, and also at SJZ LLC, which was founded by her boss Spencer Zwick. The SJZ LLC campaign finance consulting firm has billed Mitt’s campaign over $2 million this election cycle as well as doing another $9,687,582 in billing to various Congressional Campaigns. The host of the private fundraiser at which Romney made his infamous “47%” speech was Marc J. Leder, co-CEO of Sun Capital, another “partner” of the Solamere fund.
As in virtually every close presidential race, Ohio may well hold the key to the Electoral College decision as to who will become the nation’s next chief executive. The presence of Hart Intercivic machines in Hamilton County, home to Cincinnati, means there is a high likelihood the votes that will decide the presidency will be cast on them. Major media like CBS have begun reporting that Cincinnati could be “ground zero” in this year’s election.
But these Hart machines are deeply flawed and widely know to be open to a troubling variety of attacks and breakdowns. There is no legal or other means to definitively monitor and re-check a tally compiled on Hart or other electronic voting machines. Ohio’s current governor and secretary of state are both Republicans.
Does this mean the Romney investment in Hart Intercivic through H.I.G. Capital and Solamere will yield it not only financial profits but the White House itself?
Tune in during the deep night of November 7, when the electronic votes in swing state Ohio are once again opaquely reported to the nation and the world, without meaningful public scrutiny or legal recourse.
—
Gerry Bello is chief researcher for Free Press. Bob Fitrakis and Harvey Wasserman are co-authors of five books on election protection, including WILL THE GOP STEAL AMERICA’S 2012 ELECTION? an e-book at Free Press.