Dem super PAC ad ties Romney to Medicare fraud
Why is healthcare so expensive? Part of it is Medicare Fraud from companies like this.
A new ad from the Democratic group Priorities USA escalates the battle over Medicare, connecting GOP presidential nominee Mitt Romney to Medicare fraud.
“Romney was director of a company that stole millions from Medicare,” the narrator in the ad says. “Now, Romney’s plan would end Medicare as we know it.”
It cites news reports on Damon Corporation, which indicate the firm was owned by Romney’s financial firm Bain Capital and on whose board he served from 1990 to 1993, when Bain sold the company.
The candidate “personally made $473,000” off of the sale, The Boston Globe reported, and Bain made over $7 million. “Damon Corp. pleaded guilty in 1996 to a federal conspiracy charge of defrauding the government of $25 million between 1988 and 1993,” the Globe reported.