Mitt Romney, his son Tagg, and Romney’s chief fundraiser, Spencer Zwick, have extensive financial and political ties to three men who allegedly participated in an $8.5 billion Ponzi scheme.
A few months after the Ponzi scheme collapsed, a firm financed by Mitt Romney and run by his son and chief fundraiser partnered with the three men and created a new “wealth management business” as a subsidiary.
In an exclusive interview with ThinkProgress, Tagg Romney confirmed their business relationship, but falsely claimed that the men were cleared of any wrongdoing associated with the Ponzi scheme. Tagg Romney told ThinkProgress that his three partners collected about $15,000 from their involvement in the Ponzi scheme.
Court documents obtained by ThinkProgress show that the legal proceedings are ongoing and the men made over $1.6 million selling fraudulent CDs to investors.
An attorney for the former Olympic canoeist who was charged with vandalizing the Lincoln Memorial reflecting...
Stephanie Grisham, the White House communications director during President Trump’s first term, filed a restraining order...
U.S. Attorney Jeanine Pirro’s clash with President Trump over the handling of the Reflecting Pool case...
A compromise between Todd Blanche and two Republican senators that potentially cleared the way for Blanche’s...
