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thenewrepublic: Can the GOP handle another scandal? According to Think Progress, Mitt Romney, his son Tagg, and his chief fundraiser Spencer Zwick have extensive ties to three men who allegedly participated in an $8.5 billion Ponzi scheme. After its collapse in 2009, Romney, son, and Zwick partnered with the three men to create a new “wealth management business” as a subsidiary.  The Ponzi scheme bust was one of the largest in history, second only to Bernie Madoff. For more on the politics behind Ponzi schemes, read Mariah Blake’s explosive cover story, “Turnaround Men.” Diagram courtesy of Think Progress. Via I Love Charts Zoom

thenewrepublic:

Can the GOP handle another scandal?

According to Think Progress, Mitt Romney, his son Tagg, and his chief fundraiser Spencer Zwick have extensive ties to three men who allegedly participated in an $8.5 billion Ponzi scheme. After its collapse in 2009, Romney, son, and Zwick partnered with the three men to create a new “wealth management business” as a subsidiary. 

The Ponzi scheme bust was one of the largest in history, second only to Bernie Madoff.

For more on the politics behind Ponzi schemes, read Mariah Blake’s explosive cover story, “Turnaround Men.”

Diagram courtesy of Think Progress.


  1. tallpawl reblogged this from ilovecharts
  2. one-quiet-night reblogged this from ilovecharts and added:
    All I’m saying is that this Rick Perry’s publicity stunt might mean something.
  3. omnicurious reblogged this from ilovecharts
  4. paperlanternsinthesky reblogged this from ilovecharts and added:
    that awkward moment where the only viable republican candidate might be involved with ponzi scheme criminals.
  5. thisisntlisa reblogged this from ilovecharts
  6. neive reblogged this from sanityscraps
  7. trevorswagmaker reblogged this from thenewrepublic
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  9. icecreamscooper reblogged this from ilovecharts and added:
    I think we should also be concerned his son is named Tagg
  10. mmctaw reblogged this from ilovecharts
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