Romney Was Manager and Board Member of Corp Guilty of Medicare Fraud (More info - the sauce thickens
Newsmax ^ | 1/27/2012 | Dave Eberhart
Posted on January 28, 2012 1:57:39 AM EST by Laissez-faire capitalist
Debating in Tampa Florida this month, Mitt Romney strongly denied that his investment company Bain Capital did "any work with the government like Medicaid and Medicare." However, under Romney's "supervision," Bain purchased and ran the Damon Corporation which pled guilty to Federal conspiracy charges - as a result of tens of millions in systemic Medicare fraud...
According to a cited Forbes report, in 1989, Bain Capital purchased controlling interest in Damon Corp. a medical testing company located in Needham, Massachusetts. "During the time that Bain held its ownership of the company, Mitt Romney personally sat on the board of directors.."
And during that same period, Damon Corp. was busy submitting fraudulent reimbursement claims to Medicare to the tune of millions of dollars.."
According to the Forbes summary, by the time Damon Corp. pleaded guilty to defrauding the United States Government Bain had conveniently and in the nick of time sold the company to Corning, Inc.
According to Forbes, when Mitt Romney was hammered with the scandal during his campaign to become Governor of Massachusetts, he acknowledged that he did have some awareness of the shady dealings going on at Damon... he had helped uncover the illegal activity at Damon, asking the boards lawyers to investigate. As a result, he said, the board took corrective action before selling the company in 1993 to Corning Inc. However, according to the court records, the Damon scheme continued throughout Bain's ownership, and prosecutors credited Corning, not Romney, with taking corrective action.
According to a Boston Globe report... then Republican gubernatorial candidate Mitt Romney, while insisting that he and fellow members of Damon Corp. uncovered what was later determined to be a criminal scheme to defraud Medicare in 1993, acknowledged that the directors did not turn over their findings to federal authorities...
(Excerpt) Read more at newsmax.com ...
