Mitt Romney Slapped With Racketeering Lawsuit
Stephen “Laser” Haas operates Collateral Logistics Inc. (CLI) a company which was appointed to oversee the liquidation of assets in the bankruptcy of eToys in 2001. He has now filed suit against Mitt Romney along with his company Bain Capital, Goldman Sachs, and several other firms, over actions taken in the eToys bankruptcy which manipulated the sale price, costing the companies shareholders millions. A US Judge confirmed the details of the case back in 2005, but under the Bush administration enforcement of these laws was lackluster at best. Bain Capital has already found itself in hot water over similar price-fixing scandals, but this case comes with paperwork implicating the one time GOP presidential nominee of price manipulation.
According to the affidavit by Mr. Haas, his firm found many accounting irregularities which he reported to US Attorney Colm F. Connolly. However, instead of acting, the issues were ignored. It turned out that Mr. Connolly failed to recuse himself from the case despite his ties to Morris, Nichols, Arsht & Tunnell (MNAT), a law firm which Mr. Haas alleges has ties to Mr. Romney.
Of course Mr. Romney already tried to claim that he had retroactively retired from Bain Capital. The failure of Mr. Connolly to enforce the RICO statute has landed him a spot on the lawsuit, right next to Mr. Romney.
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