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Gawker posts 950 pages of confidential Bain documents

By Daniel Strauss - 08/23/12 12:52 PM ET

Gawker.com on Thursday posted 950 pages' worth of confidential financial documents related to Mitt Romney.

The document dump includes, in the words of website, "internal audits, financial statements, and private investor letters for 21 cryptically named entities in which Romney invested — at minimum — more than $10 million as of 2011." Most of those entities are related to Bain Capital, the private-equity firm that Romney co-founded and helped run from the mid-1980s to 1999.  

The documents include complicated financial filings and will take time to read and analyze. The Romney campaign has not commented.

Early findings from the documents yielded a report reinforcing previously reported evidence that Romney was still associated with Bain Capital after he retired from in 1999, according to Gawker. Documents in the cache also show that a fund in blind trust in which Romney had invested gave a casino owned by Sheldon Adelson, a major donor to Republicans, $3 million.

Audit files in the document dump also show that Romney has kept a number of offshore accounts through a Swiss bank and a Bermuda shell corporation. Through those accounts, Romney was not "subject to United States federal income or withholding tax on its income from United States sources," according to a 2009 audited financial statement on Bain Capital Fund VIII LP included in the document dump.


Source:
http://thehill.com/blogs/blog-briefing-room/news/244955-gawker-posts-950-pages-of-confidential-bain-documents

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