Corruption, fraud and racketeering alleged at Bain

Who’d a thunk it?

Goldman Sachs took eToys public in 1999. At that time MNAT represented Goldman Sachs in Delaware (where eToys is formed as a company). Also in 1999, MNAT merged Mitt Romney and Bain Capital’s entity – “The Learning Company” – with Mattel Toys. The stock of eToys soared above $78, but the new public entity only received around $18. This classic pump-n-dump stock scheme gave Goldman Sachs and Bain Capital the perfect opportunity. All they needed was for the MNAT law firm (that also represented the Mormon Church’s claim on the Howard Hughes estate) – to LIE to the Chief Federal Justice in 2001 – and become eToys Debtor attorneys.
Then, Mitt Romney’s other secret attorney (Paul Traub) lied to become the eToys Creditors attorney. Upon the success of those schemes, MNAT and Mr. Traub then put in Barry Gold as President/ CEO of eToys. Barry Gold worked for Mitt Romney and Michael Glazer at Stage Stores bankruptcy in 2000. Traub had been working with Romney/ Bain since the NeoStar case 2 decades ago. He was also at Jumbo Sports and Stage Stores with Barry Gold.

When a bribe was offered to this consultant and turned down, Mitt Romney panics and resigns as CEO of Bain Capital. Colm Connolly was a partner at MNAT from early 1999 to August 2, 2001 (the very same time Romney wants to be “retroactive” from). Former Pres GW Bush nominated Colm Connolly to be the United States Attorney in Wilmington Delaware. For his entire 7 years of tenure, Mr. Connolly buried all investigations and/ or prosecutions of Goldman Sachs and Bain Capital. This takes care of the fraud and corruption.

How it gets built up into Racketeering is also simple. MNAT, Paul Traub and Barry Gold have already confessed that they lied to a Chief federal judge 34 times over several years. But, due to the federal corruption with Colm Connolly, no prosecutions transpired. Yet, due to this pesky consultant and some eToys shareholders pushing buttons, they also had to perpetrate frauds on the California courts, the Delaware District Court, the United States 3rd Circuit Court of Appeals and the New York Supreme Court (where case 601805/2002 is placed entirely Under SEAL). Being that it is the same people, over several years, in many states, many courts and hundreds of millions (if not billions of dollars) = that equals RICO.

5 Responses to Corruption, fraud and racketeering alleged at Bain

  1. lless November 3, 2012 at 7:23 pm #

    Something about this article doesn’t stack up. Do I believe Romney or Bain capable of this corruption? Hell, yes. It should be raining shareholder deivative actions with racketeering counts. With this type of fraud the statute of limitations doesn’t run. Where are the docket numbers?

  2. JJ November 3, 2012 at 9:19 pm #

    Sun rises in east, sets in west…

  3. Izquierdo November 3, 2012 at 9:50 pm #

    Only if you’re a liberal.
    Otherwise, we need to consult the bible about that.
    I believe that it says the sun stood still.

    Back to the topic:
    Will anything come of this, or will then financial buccaneers continue to get away with their monumental depredations?
    Obama/Holder seem disinclined to go after whiter-collar mega-crooks.

  4. Laser Haas November 8, 2012 at 6:56 pm #

    Something has come of it already. posted the story and Legal News Network picked it up.

    Then several entities reported that the judge had our legal briefing in the record since Oct 25 – but did not put it in the docket until Nov 6 (so that the election would be protected)


    after 8 1/2 years of forbidding me to inform the court of the frauds
    (yes – the court said I needed permission to inform it of crimes)

    The clerk was ordered to docket the case
    and a hearing is set for Dec 4, 2012

    Where EveryTHING will come out..

  5. Izquierdo November 9, 2012 at 1:52 pm #

    Great news, Laser.
    Please keep us informed.

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