Mitt Romney Lies #23 – ‘Romney Invested in Medical-Waste Firm That Disposed of Aborted Fetuses, Government Documents Show’
‘And these documents challenge Romney’s claim that he left Bain Capital in early 1999’.
Misinformation. Disinformation. Lies. Hiding from Questions.
Mitt Romney. Soon to be the Republican nominee for President.
‘Earlier this year, Mitt Romney nearly landed in a politically perilous controversy when the Huffington Post reported that in 1999 the GOP presidential candidate had been part of an investment group that invested $75 million in Stericycle, a medical-waste disposal firm that has been attacked by anti-abortion groups for disposing aborted fetuses collected from family planning clinics’.
‘Coming during the heat of the GOP primaries, as Romney tried to sell South Carolina Republicans on his pro-life bona fides, the revelation had the potential to damage the candidate’s reputation among values voters already suspicious of his shifting position on abortion’.
‘But Bain Capital, the private equity firm Romney founded, tamped down the controversy’.
‘The company said Romney left the firm in February 1999 to run the troubled 2002 Winter Olympics in Salt Lake City and likely had nothing to with the deal. The matter never became a campaign issue’.
‘But documents filed by Bain and Stericycle with the Securities and Exchange Commission—and obtained by Mother Jones—list Romney as an active participant in the investment’.
‘And this deal helped Stericycle, a company with a poor safety record, grow, while yielding tens of millions of dollars in profits for Romney and his partners’.
‘The documents—one of which was signed by Romney—also contradict the official account of Romney’s exit from Bain’.
‘The SEC filing lists assorted Bain-related entities that were part of the deal, including Bain Capital (BCI), Bain Capital Partners VI (BCP VI), Sankaty High Yield Asset Investors (a Bermuda-based Bain affiliate), and Brookside Capital Investors (a Bain offshoot)’.
‘And it notes that Romney was the “sole shareholder, Chairman, Chief Executive Officer and President of BCI, BCP VI Inc., Brookside Inc. and Sankaty Ltd.”
‘The document also states that Romney “may be deemed to share voting and dispositive power with respect to” 2,116,588 shares of common stock in Stericycle “in his capacity as sole shareholder” of the Bain entities that invested in the company’.
‘The original copy of the filing was signed by Romney’.
‘Another SEC document filed November 30, 1999, by Stericycle also names Romney as an individual who holds “voting and dispositive power” with respect to the stock owned by Bain’.
‘If Romney had fully retired from the private equity firm he founded, why would he be the only Bain executive named as the person in control of this large amount of Stericycle stock’?
From : http://www.motherjones.com/politics/2012/07/romney-bain-abortion-stericycle-sec