Debating in Tampa, Florida in late-January, while falsely characterizing Newt Gingrich's income from his government consulting work, Mitt Romney denied that Bain did "any work with the government like Medicaid and Medicare". Now we learn that Bain, under Romney's "supervision", purchased and ran the Damon Corporation, who pled guilty to Federal conspiracy charges as a result of tens of millions of dollars in systemic Medicare fraud committed under Romney's and Bain's control.
Damon was fined over $119-million which was, at the time, the largest criminal healthcare fine in Massachusetts history and Mr. Romney's participation was characterized in 1996 by Corporate Crime Reporter thusly: "As manager and board member of Damon Corp, Mitt Romney sits at the center of one of the top 15 corporate crimes of the 1990's." Watch the substantiated mini-documentary, BLOOD MONEY: MITT ROMNEY'S MEDICARE SCANDAL, to learn the truth about Mitt Romney.
“At the center of one such Medicare scheme: Mitt Romney. It is a story of fraud. It is a story of big profits, big lies and at the time the biggest criminal fine for health fraud ever levied in Massachusetts history.”
— Voice-over from “Blood Money: Romney’s Medicare Scandal,” a video produced by pro-Newt Gingrich super PAC Winning Our Future.
Winning Our Future, a Super PAC supporting Republican presidential candidate Newt Gingrich, has released another attack on rival Mitt Romney’s business practices. A one-minute “trailer” and a 30-second TV ad (see below) that amplify the themes of corporate malfeasance accompany the nearly eight-minute video, “Blood Money.” (The title refers to the fact that a company once partly owned by Bain Capital, Romney’s firm, was found guilty of charging Medicare for unnecessary blood tests.)
We were highly critical of Winning Our Future’s “King of Bain” film, awarding it Four Pinocchios, in part because it focused on business failures in which Romney was only tangentially involved. And anyone living in Massachusetts would find this Medicare fraud case to be old news because the case first emerged in 1992 as an issue in Romney’s successful race for governor.
Still, this time Winning Our Future gets closer to the mark. The case concerning Damon Clinical Laboratories is relevant because 1) Romney was a director of the firm while the fraud took place; 2) the fraud appears to have ended only after Bain sold the firm; 3) Romney earned nearly $500,000 from the sale of Damon; and 4) Romney’s statements about what he knew and when he knew it have been inconsistent.
We’re going to hear a lot more about Damon if Romney becomes the GOP presidential nominee. The American Federation of State, County and Municipal Employees union is already running an ad in Florida that highlights the case. (The spot is at the end of the column.)....click WashingtonPost.com link to read FULL article