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Wal-Mart executive in bribery coverup works at Romney equity fund

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posted on Apr, 23 2012 @ 10:42 PM
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I posted this over in the Walmart hushed up Mexico bribe network but figured it may need to have its own thread over in this area.
So what we got here is the man that was behind the bribery scandal that has been making news the past couple of days.


Turns out, the former Wal-Mart CEO who helped shut down an investigation of bribery by store officials in Mexico is an operating partner at a private equity fund started by Mitt Romney, his eldest son and his campaign finance director.


And this man is still working at his firm after Romney took his leave to pursue his vetting into the office.



The link was first reported by the Boston Globe, where I did some extensive reporting on the $250 million private equity fund last fall. Romney resigned from his role in advising the fund when he announced his run for president, but his son and his campaign finance director, Spencer Zwick, remain managing partners. Scott is still an operating partner.


Plus he is still sits on the board for Wal-Mart as far as Reuters
So now begs the question. How much in the know is Mittens or how much money does he have in the bribery scandal?


Original source Politico
edit on 23-4-2012 by relyt because: forgot original link

edit on 23-4-2012 by relyt because: (no reason given)




posted on Apr, 28 2012 @ 01:13 AM
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It's par for the course when you're one of the elite - bribery and kickbacks and corruption go hand in hand.


Turns out, the former Wal-Mart CEO who helped shut down an investigation of bribery by store officials in Mexico is an operating partner at a private equity fund started by Mitt Romney, his eldest son and his campaign finance director.

H. Lee Scott Jr. became an operating partner at the Romney fund, Solamere Capital, eight months after he left Wal-Mart in 2009. Solamere's partners and investors include major Romney campaign donors and staffers. Romney was a senior adviser and the first investor in the fund, putting up $10 million.

The Times reported that Scott rebuked internal investigators for being too agressive in uncovering bribery by store officials in Mexico. The investigators allegedly found credible evidence that some $24 million in bribes allowed the store to dominate the market in Mexico, but Scott and others hushed up the investigation until the Times disclosed it Sunday.


A very shady character, indeed.



posted on Apr, 28 2012 @ 02:08 AM
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Just a quick FYI before everyone goes full blown Anti Wal-Mart, bribery is the way business is conducted in Mexico. No more different then Lobbyist buy of politicians in the USA.

What I find even stranger is that the US bribes political figures around the world using different Hedge funds, International Banks and *coughing* Invasion through Black Ops or standard Military.

So Personally the way I see this Wal-Mart fiasco is that they did through the same means our country does it.

Guess do as I say not as I do?



 
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