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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFamily Values? Ann Romney's brother files for bankruptcy, stiffs investors.
Mitt Romney's rise in business and politics has served as a marketing bonanza for two of his wife's closest relatives, both Utah-based businessmen who have benefited from, and are said to have traded on, their connection to the presidential candidate even as they suffered a succession of embarrassing business and legal difficulties.
Ann Romney's brother Roderick Davies, who filed for bankruptcy in 2010, and nephew Ryan Davies, who oversaw a now-bankrupt green energy venture, have both been out on the campaign trail to offer support for Romney. But back in Utah, the two men have left a trail of unhappy business partners, a number of whom spoke with ABC News to express concern about how the two might try and capitalize on a Romney presidency.
...
The two have been said to tout their family connections when courting business partners Neff noted that Ryan Davies once told him a potential investor was welcome to stay at Mitt Romney's Park City mansion (though she never did) when she traveled to Utah for the Sundance Film Festival. Davies also told potential clients in a public presentation that Romney's son Josh was a vice president of his Utah clean energy company, Renewable Energy Development Company (REDCO).
After ABC News emailed a question to the Romney campaign about Josh Romney's role in REDCO, Davies phoned to say he had made a mistake.
Ann Romney's brother Roderick Davies, who filed for bankruptcy in 2010, and nephew Ryan Davies, who oversaw a now-bankrupt green energy venture, have both been out on the campaign trail to offer support for Romney. But back in Utah, the two men have left a trail of unhappy business partners, a number of whom spoke with ABC News to express concern about how the two might try and capitalize on a Romney presidency.
...
The two have been said to tout their family connections when courting business partners Neff noted that Ryan Davies once told him a potential investor was welcome to stay at Mitt Romney's Park City mansion (though she never did) when she traveled to Utah for the Sundance Film Festival. Davies also told potential clients in a public presentation that Romney's son Josh was a vice president of his Utah clean energy company, Renewable Energy Development Company (REDCO).
After ABC News emailed a question to the Romney campaign about Josh Romney's role in REDCO, Davies phoned to say he had made a mistake.
http://abcnews.go.com/Blotter/mitt-romney-law-problem/story?id=17506248#.UIawOGdCBiI
Frauds. And what does it say about Mitt and Ann that they didn't reign this in or help the investors?
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Family Values? Ann Romney's brother files for bankruptcy, stiffs investors. (Original Post)
KurtNYC
Oct 2012
OP
liberal N proud
(60,339 posts)1. Why doesn't he has his family for some help? - Pull up the bootstraps
And why doesn't Ann and Mittens offer to help him avoid this process?
They could loan him the money as he works through his financial troubles.
KurtNYC
(14,549 posts)3. Exactly. Mitt told all of the unemployed in America to "just borrow some money from your folks and
start a business."
Ann: $250,000,000.00
her brother: $0.00
Initech
(100,097 posts)2. The multi millionaire grifter class.
Wellstone ruled
(34,661 posts)4. Hey,it's Utah,
affinity fraud is a daily thing here. Seems to be some type of scam going on or created on a daily basis. Bank fraud,real estate fraud,insurance scams,stock fraud,all involving Mormon Church members. Utah is the home of MLM bullshit scams.