How does one pay 173% average annual returns over 10 years and not have fraud involved?
Came across this at Examinar.com this morning and thought I'd share it with the community at large.
Now of this $37 million, a very important detail has been overlooked by the media. It was reported by the Los Angeles Times that Mitt Romney paid his investors back 173% on their investment, annually, for a decade. From the article:
That first investment fund — used to invest in start-up companies and leveraged buyouts — paid out a stunning 173% in average annual returns over a decade, according to a prospectus prepared by an outside bank.
Madoff got popped for being consistent at having 10% annual returns a year. How come Romney is still walking around a free man?
After reading all these Bain stories thru out the months me thinks Romney is gunning for the office of President to keep his ass out of jail.
And that's the way it is. Good Evening & Take care.