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Gawker publishes audits of Mitt Romney's offshore financial accounts

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opednews.com Headlined to H3 8/23/12

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Mitt Romney's offshore financial holdings are coming under new scrutiny following the publication of internal audits and private letters related to his $250m fortune.

On Wednesday New York-based website Gawker published 950 pages of documents that paint a complex picture of the Republican presidential candidate's finances.

His wealth is held in a convoluted series of holding companies in tax havens including the Cayman Islands and Luxembourg, as well as the US. Romney's investments include stakes in funds invested in high-risk derivatives like the credit default swaps that contributed to the credit crisis, and an investment vehicle that loaned money to the parent firm of the National Enquirer, a racy US tabloid...

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At www.guardian.co.uk

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