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Tagg Romney Partnered Family Investment Group With Employees Behind Alleged Ponzi Scheme

Mitt Romney Ponzi Scheme

First Posted: 11/01/11 12:47 PM ET Updated: 11/01/11 01:01 PM ET

Think Progress:

Mitt Romney, his son Tagg, and Romney's chief fundraiser, Spencer Zwick, have extensive financial and political ties to three men who allegedly participated in an $8.5 billion Ponzi scheme. A few months after the Ponzi scheme collapsed, a firm financed by Mitt Romney and run by his son and chief fundraiser partnered with the three men and created a new "wealth management business" as a subsidiary.

Read the whole story: Think Progress

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Filed by Nick Wing  |