Marine Links a British Bankers’ Reuters Dame to Romney Libor Frauds and Bain

United States Marine and virtual presidential candidate, Field McConnell, has linked Mitt Romney and Bain Capital’s alleged use of fraudulent Libor-rated loans in leveraged buy outs of companies such as Imagitas, to Dame Helen Alexander, a senior adviser to Bain Capital and a trustee of the British Bankers’ Association’s crony Libor data compiler, Thomson Reuters.


“DAME HELEN ALEXANDER Dame Helen Alexander is chairman of UBM plc, the Port of London Authority (PLA) and Incisive Media. She is also deputy chairman of esure Group Holdings, a non-executive director of Rolls-Royce Group plc, and senior adviser to Bain Capital. Dame Helen was president of the Confederation of British Industry (CBI) until June 2011. Helen is Chancellor of the University of Southampton and is currently involved with other not-for-profit organisations in media, the internet, the arts and education, through the WorldWide Web Foundation, the Grand Palais in Paris, the Said Business School in Oxford and St Paul’s Girls’ School. Dame Helen was Chief Executive of the Economist Group till 2008, having joined the company in 1985 and been managing director of the Economist Intelligence Unit from 1993 to 1997.”

“By Jon Swaine, Washington 7:57PM BST 17 Aug 2012 The Republican presidential candidate appears to have profited from a marketing company that was contracted by the state of Massachusetts after receiving $5 million (£3.2 million) in financial backing from Bain Capital, Mr Romney’s investment firm. One of his vice-presidential candidate's brothers, who is a former Bain consultant, was at the time of the investment a senior executive at the marketing company, Imagitas, which was co-founded by another former Bain executive. Both Mr Romney and Tobin Ryan, who omits his work at Imagitas from his corporate biography, also apparently stood to benefit from the $230 million (£146 million) sale of the company in 2005, while Mr Romney remained in office.

Massachusetts law requires that all state employees divest themselves of financial interests in private sector contracts with state agencies. At the time, failure to do so could have resulted in a $2,000 (£1,273) fine or a 2.5-year prison sentence. The potential punishments are now stronger. Asked repeatedly by The Daily Telegraph throughout this week whether Mr Romney had indeed profited from the company, had been aware of the potential conflict of interest, or had taken any action to avoid one, his campaign and Bain Capital declined to comment.”

More to come.



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