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People are pointing at Buzzfeed, but others who may have been annoyed by the endorsement of Romney by John Mccain are under suspicion.

Whoever leaked the Romney dossier wants him damaged.

 Just for a taster - Mitt Romney was on the board of a company fined $119 million for Medicare Fraud – at the time, the largest criminal fine for Health Care Fraud in US history. He still walked away with a $470k personal profit from that corrupt company.

DAMON CLINICAL LABORATORIES
Romney Sat On Board Of Damon Clinical Laboratories, A Bain Capital Portfolio Company Fined Nearly $120 Million In 1996 Due To Medicare Fraud.
“A Needham clinical laboratory agreed yesterday to pay $119million in criminal and civil fines after pleading guilty to charges that it defrauded the nation’s Medicare system byseeking reimbursements on millions of dollars worth of unnecessary blood tests. … Damon Clinical LaboratoriesInc. admitted it tried to boost its profits by submitting the unnecessary tests. The company, the government said,misled doctors into ordering the tests, ensuring that they would be covered by Medicare, the federal health careprogram for the elderly.”
(Kimberly Blanton, “Needham Lab Fined $ 119m For Fraud,”
The Boston Globe
, 10/10/96)

At The Time, Largest Criminal Fine In Massachusetts History:
“The settlement … would mark the largestcriminal fine ever levied in Massachusetts.”
(Kimberly Blanton, “Needham Lab Fined $ 119m For Fraud,”
The Boston Globe
,10/10/96)

At The Time, Largest Health Care Fraud Criminal Fine In History:
“The $35.3 million criminal fine in theDamon case, one piece of the $119 million total settlement, is the largest ever recovered in a health carefraud case.”
(Kimberly Blanton, “Needham Lab Fined $ 119m For Fraud,”
The Boston Globe
, 10/10/96)

Romney Was On Damon’s Board Of Directors While The Fraud Took Place – He Initially Claimed He WasUnaware Of Any Criminal Investigation.
“Mitt Romney, former Republican challenger to US Sen. Edward M.Kennedy, who was a member of Damon’s board, said he was unaware of any investigation. … Romney said that[Damon’s then-CEO Robert] Rosen told the board in about 1992 ‘that all current practices at the company werenow in conformity with government regulations and that in the past there may have been practices which wouldnot be deemed appropriate.’”
(Kimberly Blanton, “Needham Lab Fined $ 119m For Fraud,”
The Boston Globe
, 10/10/96)

“Made Large Profits … From A Criminal Scheme To Fraudulently Bill The Federal Medicare System…”
 “[Romney] and his venture capital firm made large profits from the 1993 sale of a Needham medical testingcompany whose robust revenues were generated in part from a criminal scheme to fraudulently bill thefederal Medicare system for unnecessary blood tests.”
(Frank Phillips, “Romney Profited On Firm Later Tied To Fraud,”
The Boston Globe
, 10/10/02)

“Pure And Simple … Corporate Greed Run Amok.”
“Damon Corp. pleaded guilty in 1996 to a federalconspiracy charge of defrauding the government of $25 million between 1988 and 1993. It paid a record $119million fine and penalty for a scheme that then-US Attorney Donald Stern labeled ‘a case, pure and simple, ofcorporate greed run amok.’”
(Frank Phillips, “Romney Profited On Firm Later Tied To Fraud,”
The Boston Globe
, 10/10/02)

1993: Immediately Following Acquisition By Corning, Damon Closed Plant In Needham Heights, Laid Off115 Massachusetts Workers.
“Republican businessman Mitt Romney … helped direct a Massachusetts medicaldiagnostics company toward a merger that resulted in the permanent closure of a Needham Heights plant andlayoffs of about 115 Massachusetts workers. Damon Corp. was headquartered in Massachusetts for more than30 years until it was purchased by Corning Inc. in 1993 and the Needham facility was closed. … The day after themerger with Corning was completed, the new company notified the Massachusetts Department of Employmentand Training that it was permanently closing the Needham plant and laying off about 115 people.”
(Meg Vaillancourt,“Romney-Aided Deal Closed Damon Plant,”
The Boston Globe
, 10/9/94)

Romney “Feared” The Massachusetts Layoffs Would Come, But Voted To Approve Deal Anyway.
“Asa board member, Romney pointed out he had a legally binding ‘fiduciary responsibility’ to get the best deal hecould for the shareholders, though he acknowledged that at the time he feared Corning would close down theplant and lay off the Massachusetts employees. … No one met Corning’s tender offer, which Romneydescribed as ‘stunning.’ He said he voted to accept the offer, as did the vast majority of other shareholders.‘There was nothing I could do.’”
(Meg Vaillancourt, “Romney-Aided Deal Closed Damon Plant,”
The Boston Globe
, 10/9/94)

As A Gubernatorial Candidate, Romney Claimed He Helped “Uncover” And Stop The Fraud At Damon.
 “[R]omney said Thursday he helped uncover the fraud at Damon and hired an outside law firm to investigate it.

Add this to oppo research before it disappears.

McCain 2008 Oppo File

Read it. Use it - when needed.

Originally posted to The BigotBasher on Wed Jan 18, 2012 at 03:26 PM PST.

Also republished by The Bain Files.

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Comment Preferences

  •  They are really desperate for some Not!Romney (6+ / 0-)

    to have leaked this.

    Do you think it could actually sink the candidacy?

    My new favorite RIGHT WING website: NewtCantWin.com It's what the RIGHT thinks of Newt! Enjoy!

    by pucklady on Wed Jan 18, 2012 at 03:32:14 PM PST

    •  There is more than enough to sink the candidacy (8+ / 0-)

      after the Primaries. This stuff will take a long time to dissect, re-research and validate.

      There's involvement with Iran.  Lay-offs. More flip flops than a shoe store.

      By the time this is all dissected, Romney will be packaged up and sold as the next "maverick" "man you can drink with" to the GOP idiots.

      Their dirt remains for the non-idiots.

      •  It will also keep the GOP from loving him. (5+ / 0-)

        A few little poison bon-bons in the right places will make Republicans less likely to support Candidate 1%.  I plan to disseminate widely.  I think the Repubs will end up with an Edsel on their hands.  

        Under capitalism man exploits man, under communism the roles are reversed.

        by DavidMS on Wed Jan 18, 2012 at 04:00:26 PM PST

        [ Parent ]

        •  "biting bon-bons." (0+ / 0-)

          I'm not so sure we want to call them "poison" because that might be taken the wrong way by people whose job makes them jumpy about words like "poison" and particularly "bomb."  (Like, let's not call them "bom-boms" either:-)

          But "biting bon-bons" has a nice ring to it, and you can envision something that looks like candy but has a little mouse trap in it.  

          "You bite it, and it returns the favor!"

          "Minus two votes for the Democrat" equals "plus one vote for the Republican." Arithmetic doesn't care about your feelings.

          by G2geek on Wed Jan 18, 2012 at 11:20:05 PM PST

          [ Parent ]

  •  Furthermore (15+ / 0-)

    Our meme should be

    "This is what Republicans do."

    Paint them all with the same taint, as they should be. We HAVE to get back the House and extend the majority in the Senate.

    My new favorite RIGHT WING website: NewtCantWin.com It's what the RIGHT thinks of Newt! Enjoy!

    by pucklady on Wed Jan 18, 2012 at 03:33:19 PM PST

  •  simple sarah did it the library with an intertube (8+ / 0-)
  •  I think that it's quite possible (1+ / 0-)
    Recommended by:
    Cedwyn

    that Mitt Romney did this in order to get it out of the way.

    •  Props for deviousness (3+ / 0-)
      Recommended by:
      MKSinSA, Cedwyn, Ahianne

      But I don't think he wants to give us all this much ammunition right before South Carolina.

      In theory, there is no difference between theory and practice; but in practice, there always is a difference. - Yogi Berra En théorie, il n'ya aucune différence entre théorie et pratique, mais en pratique, il ya toujours une différence. - Yogi Berra

      by blue aardvark on Wed Jan 18, 2012 at 03:42:46 PM PST

      [ Parent ]

  •  Offshore? (2+ / 0-)
    Recommended by:
    DEMonrat ankle biter, G2geek

    Rumors tonight are that the reason he can't release his tax forms is that he has so much investment offshore. How to prove?

    Quidquid latine dictum sit, altum viditur.

    by MrMichaelMT on Wed Jan 18, 2012 at 03:40:38 PM PST

  •  Diaried the whole Damon mess (10+ / 0-)

    here.

    I lay out a timeline from those same factoids you cite.

    Also go look at Bob Johnson's rec list diary regarding Mitt's use of Cayman Island tax shelters.

    In theory, there is no difference between theory and practice; but in practice, there always is a difference. - Yogi Berra En théorie, il n'ya aucune différence entre théorie et pratique, mais en pratique, il ya toujours une différence. - Yogi Berra

    by blue aardvark on Wed Jan 18, 2012 at 03:41:52 PM PST

    •  Great piece. Really good. nt (2+ / 0-)
      Recommended by:
      blue aardvark, rja
      •  Thank you (6+ / 0-)

        I am busy at the moment but there's room for a diary calling out:
        1) Mitt pays 15% tax rate
        2) Mitt hides money in foreign countries for tax purposes
        3) Mitt made money off and served on the board of a company that engaged in wholesale Medicare fraud
        4) Mitt won't release his tax forms
        5) Mitt said he should be in the investor hall of fame

        All of which pretty much broke in the last 24 hours.

        In theory, there is no difference between theory and practice; but in practice, there always is a difference. - Yogi Berra En théorie, il n'ya aucune différence entre théorie et pratique, mais en pratique, il ya toujours une différence. - Yogi Berra

        by blue aardvark on Wed Jan 18, 2012 at 03:49:28 PM PST

        [ Parent ]

    •  Thanks (4+ / 0-)
      Recommended by:
      blue aardvark, MKSinSA, G2geek, RhodaA

      The Iran postings are also very interesting.

      French Oil Company Total SA Has Deep Ties To Iran – In 2002 Bain Capital Purchased Total’s Chemicals
      Business, Including Its Office In Tehran
      Associated Press Noted New York State Pension System Invests French Oil Conglomerate Total SA. “Dan
      Weiller, a spokesman for New York State Comptroller Thomas DiNapoli, said Friday that New York’s $150 billion
      state pension system has holdings with companies that have dealings with Iran or in that country. Among them is
      Total SA, a French oil giant. As of March 2006, the state system had about $166 million worth of Total stock.”
      (Glen Johnson, “Company’s Links To Iran Undercut Romney’s Call For Divestment,” The Associated Press, 2/23/07)
      Total Has Been Doing Business In Iran Since The 1950s And Recently Resisted U.S. Calls For Isolating
      The Regime. “Total won the South Pars [Iran] contract in 1997 as part of an international consortium, including
      Russia’s Gazprom, Malaysia’s Petronas and Iran’s state-owned NIOC. The French group has been in Iran since
      the 1950s, though recently it resisted pressure from the US to isolate the Islamic state over its controversial
      nuclear enrichment programme. Total gave its 40 per cent stake in the South Pars project back to NIOC in 2004
      under the terms of the deal. But it still has rights to a share of production from the gas field, equivalent to 18,000
      barrels this year, below 1 per cent of its global production.” (Martin Arnold, “Total Faces Investigation Over Dollars 2bn Iran
      Contract,” Financial Times, 12/20/06)
       Total Is Under Investigation For Bribery In Landing 1997 “South Pars” Iranian Gas Project. “A Paris
      judge has launched an investigation into allegations that Total, the French oil and gas group, paid bribes to
      win a Dollars 2bn gas contract in Iran almost a decade ago. … The latest investigation stems from the
      discovery of SFr100m (Dollars 82m) in two Swiss bank accounts, allegedly paid by Total to an Iranian
      intermediary to help the French company’s consortium win the South Pars contract.” (Martin Arnold, “Total Faces
      Investigation Over Dollars 2bn Iran Contract,” Financial Times, 12/20/06)
       Total Describes Itself As “Foremost Oil Company In Partnership With Iran.” “The South Pars gas field is
      the Iranian portion of what is probably the largest gas field in the world. The other part of the field, in Qatari
      waters, is known as North Field. With the South Pars project, TotalFinaElf has become the foremost oil
      company in partnership with Iran and has bolstered its position in the Middle East…” (Total Website, www.total.com,
      Accessed 2/23/07)
      October 29, 2002: Bain Capital Agreed To Purchase Chemical Subsidiary SigmaKalon From Total SA For
      A Rumored €1 Billion. “French oil giant TotalFina Elf SA agreed Tuesday, Oct. 29, to sell SigmaKalon, Europe’s
      second-biggest decorative paint maker, to Boston private equity firm Bain Capital as TotalFina’s chemicals unit
      refocuses. Although a price was not disclosed for the deal, a source close to the situation said it was about euro1
      billion ($980 million) … Bain beat a number of rivals in a hotly contested auction to acquire SigmaKalon.” (Nicola
      Hobday, “TotalFina Sells Paints Unit,” The Daily Deal, 10/30/02)
       SigmaKalon Created In 1999 Merger Between Total And Petrofina. “[SigmaKalon] was created in 1999
      when Total and Petrofina merged to create TotalFina and combined their respective paint businesses, Kalon
      and Sigma Coatings. TotalFina later acquired Elf Aquitaine to create TotalFinaElf, and the merged company’s
      chemicals business was named Atofina. The SigmaKalon business includes both decorative and industrial
      paints and coatings.” (Bill Schmitt, “Atofina’s Sale of SigmaKalon May Be Close,” Chemical Week, 10/2/02)
       “Since March 2003 Bain Capital Is Owner Of SigmaKalon.” (SigmaKalon Website, www.sigmakalon.be, Accessed
      2/20/07)
      SigmaKalon Has An Office In Tehran, According To Its Company Website. “Sigma Paints Iran, General
      Office; Shahid Beheshti Ave, Tehran; +98 21 88514873.” (SigmaKalon Website, www.sigmakalon.be, Accessed 2/23/07)
      Bain Capital Is Expected To Put SigmaKalon Up For Sale In 2007. “Europe’s second-biggest paint supplier,
      SigmaKalon … is expected to be put up for sale next year in a £1.3 billion deal. … Bain Capital bought
      SigmaKalon from French oil giant TotalFinaElf for £505 million in 2002. Insiders say it has performed well ahead
      of expectations, allowing Bain to refinance the business and look for an exit. Though advisers have not yet been
      78
      appointed, it is thought that a trade sale is more likely than a stock market float.” (Lucinda Kemeny, “£1.3bn Tag On Paints
      Company,” Daily Mail [London, UK], 12/17/06)
      In 2004, Bain & Company’s Italian Branch Inked Consulting Deal With Iran’s State-Run Oil Company
      Italian Branch Of Bain & Co. – Firm Where Romney Started As Young Consultant And Served As CEO In
      Early ‘90s – Received $2.3 Million Contract From National Iranian Oil Company In 2004. “Republican Mitt
      Romney is urging state pension systems to divest from Iran, yet the presidential contender’s former employer and
      the company he started have links to recent Iranian business interests or deals. Romney joined Boston-based
      Bain & Co., a management consulting firm, in 1977 and worked there until 1985. … Bain & Co. Italy, described in
      company literature as ‘the Italian branch of Bain & Co.,’ received a $2.3 million contract from the National Iranian
      Oil Co., in September 2004. Its task was to develop a master plan so NIOC – the state oil company of Iran – could
      become one of the world’s top oil companies, according to Iranian and U.S. news accounts of the deal.” (Glen
      Johnson, “Company’s Links To Iran Undercut Romney’s Call For Divestment,” The Associated Press, 2/23/07)
      TERR
  •  Mmmm, red meat n/t (3+ / 0-)
    Recommended by:
    The BigotBasher, TofG, G2geek

    Occupy Wall Street in 2011--re-occupy the House in 2012.

    by Christian Dem in NC on Wed Jan 18, 2012 at 03:53:12 PM PST

  •  That should get him elected... (5+ / 0-)

    ...lieutenant governor of Florida, since Scott had a bigger fraud charge.

    Quidquid latine dictum sit, altum viditur.

    by MrMichaelMT on Wed Jan 18, 2012 at 03:54:01 PM PST

  •  I'm more worried about Obama having to face (1+ / 0-)
    Recommended by:
    G2geek

    Newt Gingrich who is said to be "surging" in NC tonight. Any chance in getting a good oppo file on Gingrich?

    I think more brainless Republicans would vote against Mormonism than against Catholicism making Gingrich the more worrisome threat, IMO.

    Men never do evil so completely and cheerfully as when they do it from a religious conviction. -- Blaise Pascal

    by RJDixon74135 on Wed Jan 18, 2012 at 06:56:13 PM PST

  •  Is this info supposed to affect him now (0+ / 0-)

    Or in November? Will it be disseminated in such a way as to reach the people it needs to, a.k.a. the voters? It's been called red meat, but will it be the regular tea-baggers/repubs who will read it and understand it? What is the saying IOKIYAR? Obama would be affected by this kind of reveal, Romney (or even Newt) not so much.

  •  It doesn't stop (0+ / 0-)
    Romney Profits From Abortion Services: On the campaign trail (even though he was previously pro-choice,) Romney continually touts his pro-life positions. However, that hasn’t stopped him from padding his bank account with investments in Stericycle, a company that disposes of aborted fetuses. Stericycle has been targeted by many conservative groups, the same demographic that Romney has been pandering to on the trail. (Huffington Post, 1/17/12)

    Romney Profits From Fannie Mae and Freddie Mac: Despite demonizing Speaker Gingrich for his work for Fannie/Freddie, and the continual disparaging of them on the campaign trail, Romney personally invested up to $500,000 in these organizations and made up to $50,000 last year alone. (Boston Globe, 9/19/11)

    Romney Profits From China: On the campaign trail Romney is quick to talk tough on China, but that didn’t stop his investors from investing his money in Chinese holdings. And if Romney hides behind his “blind trust,” remind him of his quote from 1994 calling blind trusts “rouses” (Wall Street Journal, 12/17/11)

    http://www.americanbridgepac.org/...

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