Report: Mitt Romney Founded Bain With Money From Miamians With Death Squad Ties

mittromneyflorida.jpg
Romney during a Florida campaign appearance
Nowadays, Republican presidential hopeful Mitt Romney has got plenty of money. More than $200 million of it in secret accounts around the world, in fact. But when he launched Bain Capital in 1983, Romney had trouble raising the cash for the private equity project. So he turned to super-wealthy Central American families in Miami and quickly raised $9 million.

But the money was bloody: a handful of Bain Capital's biggest early investors in Miami had ties to Salvadoran death squads, according to a new report by the Huffington Post.

"As Romney now seeks support from the Latino community in his campaign for president, his knowledge of Bain's all-too-few degrees of separation from Salvadoran death squads may become a topic of interest," the authors write.

The article, by HuffPo reporters Ryan Grim and Cole Stangler, adds to past reporting on the subject done by the Boston Globe, Los Angeles Times, and Salt Lake Tribune.

Grim and Stangler document ties between Bain Capital's Salvadoran investors -- who Romney personally met with at a Miami bank -- and death squads suspected of murdering leftist union workers, priests, and activists.

The article names a handful of wealthy Salvadorans who had fled civil war in Central America and taken refuge in Miami, including the Salaverria, Poma, de Sola and Dueñas families.

"While they were on the lookout for investments in the United States, members of some of these prominent families ... were also at the time financing, either directly or through political parties, death squads in El Salvador," the article claims. "The ruling classes were deploying the death squads to beat back left-wing guerrillas and reformers during El Salvador's civil war."

The article also quotes political pollster Sergio Bendixen as dismissing the idea that Romney didn't know about his investors murderous connections.

"If anybody tries to tell you there was a line, a Chinese wall, between ARENA [a political party backed by wealthy Salvadoran exiles in Miami] and the death squads, that's just not the way it was," he said.

We emailed Mitt Romney's Miami-Dade spokesman for a comment and will update as soon as we get a response.

Follow Miami New Times on Facebook and Twitter @MiamiNewTimes. Follow this journalist on Twitter @MikeMillerMiami.

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13 comments
George324234
George324234

This article is completely false, Obama met with the same people just last year. Get real this is flat out garbage.

drakemallard
drakemallard topcommenter

Romney's campaign is based on the notion that because of what he did at Bain he understands the economy. It's perfectly reasonable to examine what his experience at Bain really taught him. After all, Bain wasn't in the business of creating jobs, it was in the business of making money  The high unemployement is due to people like romney out sourcing that's why middle class Americans are suffering so much..

mchlwnd
mchlwnd

anyone in miami with money should be investigated by the federal government.

bradmcdougal836
bradmcdougal836

Yeah, well why don't we talk about jobs and the economy...

drakemallard
drakemallard topcommenter

 @George324234 Who cares what Romney ever did in the past, as long as he has that (R) next to his name right?

drakemallard
drakemallard topcommenter

 @mchlwnd Come out come out wherever you are Fox News... where are your reporters? Your headlines? Your talking heads? Where is everyone that actually reports IMPORTANT news? I'll bet you Fox doesn't run this story.

drakemallard
drakemallard topcommenter

 @bradmcdougal836

Senate Republicans block Democrats' jobs bill

 

 

Conservatives say if you don't give the rich more money, they will lose their incentive to invest. As for the poor, they tell us they've lost all incentive because we've given them too much money."

macaded
macaded

 @bradmcdougal836I think accepting money from people who organized death squads to raped and murdered 70,000 people -- including priests and nuns deserves a mention. What do you think?

gcomeau2013
gcomeau2013

 @bradmcdougal836 Ok. Should we talk about why the GOP has refused to pass Obama's jobs bill for a year so they could continue blaming him for the unemployment rate... or should we talk about the complete lack of any policy details that even pretend to address the issue from Romney? Or maybe we should talk about how he actually BRAGS that his tax proposals are so free of content that they can't be scored so nobody can fact check the claims he throws around about them? Or perhaps we can move on from there to the Tax policy center deciding to take him up on his challenge by calculating that it didn't matter what specifics he put in his claims were MATHEMATICALLY IMPOSSIBLE and would result in tax increased for the middle class to fund tax cuts for HIM? 

 

Where would you like to start?

ernestogoldstein
ernestogoldstein

@gcomeau2013

Ya know, you’re right. Who needs to work? There are only 23 million people in the nation’s population of 311.6 million who are unemployed or underemployed, according to data produced by the Bureau of Labor Statistics. The unemployment rate is currently 8.3% and steadily climbing; no president has been re-elected with unemployment over 8%, and it’s been that for what, 45 months now?

 

So I’d say the Kenyan klown is definitely on the right track to going back to his street corner in chicago.

 

ernestogoldstein
ernestogoldstein

 @gcomeau2013 Seriously, the liar-in-chief had 3 1/2 years to work on jobs & economy. When elected, he stated if he couldn't fix the economy in 4 years, he'd be a one term president.

 

O'blamer's the one with no plan.

gcomeau2013
gcomeau2013

 @ernestogoldstein Yes genius, "who needs to work" is EXACTLY what I meant by pointing out that the GOP has been deliberately blocking Obama's jobs bill. I was expressing approval of their actions! Who needs to work, pffft... that Jobs bill doesn't need to be passed. Good for the Republicand and shame on Obama for wasting everyon's time trying to get more people employed. Vote Romney! The man who has no plan to get anyone back to work!

 

 

Sheesh...

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