The New York Times reported today that a fund operated by Bain Capital, the Boston-based private equity firm founded by Mitt Romney, has invested in a Chinese company that provides equipment for government efforts to monitor Chinese citizens at religious institutions, university campuses, and other venues.
Romney, it turns out, isn’t the only prominent American politician connected with that controversial investment: Former Democratic presidential candidate John Kerry, who now chairs the Senate Foreign Relations Committee, reported more money than Romney invested in the same fund on his most recent Senate disclosure form.
The funds, Kerry staffers say, were actually invested by his wife, Teresa Heinz Kerry, widow of former Pennsylvania Sen. John Heinz III, sole heir to the Heinz ketchup and food fortune.
“This isn’t Senator Kerry’s investment,” said Kerry spokeswoman Jodi Seth. “He is not and never has been a beneficiary of his wife’s trusts, which were established before they knew each other, and are controlled by independent trustees.”
Romney founded Bain Capital in the mid-1980s and has a relatively modest investment – up to $250,000 -- in the Bain Capital Asia Fund, which recently purchased Uniview Technologies, a Chinese firm that makes infrared cameras and software products that allow police to share images.
The Romney connection was reported prominently Friday by the New York Times in a story noting that a blind trust in the name of Ann Romney recently reported holding a $100,000 to $250,000 stake in the Bain Asia fund.
The story did not mention that Kerry reported a somewhat larger holding in the same fund. Disclosure reports filed with the Senate last year show that Teresa Heinz Kerry held a $500,000 to $1,000,000 stake in the same fund in 2010.
http://www.washingtonpost.com/blogs...D2FHS_blog.html?tid=sm_twitter_washingtonpost
:lol:
Democrats, do as I say, not as I do.
Romney, it turns out, isn’t the only prominent American politician connected with that controversial investment: Former Democratic presidential candidate John Kerry, who now chairs the Senate Foreign Relations Committee, reported more money than Romney invested in the same fund on his most recent Senate disclosure form.
The funds, Kerry staffers say, were actually invested by his wife, Teresa Heinz Kerry, widow of former Pennsylvania Sen. John Heinz III, sole heir to the Heinz ketchup and food fortune.
“This isn’t Senator Kerry’s investment,” said Kerry spokeswoman Jodi Seth. “He is not and never has been a beneficiary of his wife’s trusts, which were established before they knew each other, and are controlled by independent trustees.”
Romney founded Bain Capital in the mid-1980s and has a relatively modest investment – up to $250,000 -- in the Bain Capital Asia Fund, which recently purchased Uniview Technologies, a Chinese firm that makes infrared cameras and software products that allow police to share images.
The Romney connection was reported prominently Friday by the New York Times in a story noting that a blind trust in the name of Ann Romney recently reported holding a $100,000 to $250,000 stake in the Bain Asia fund.
The story did not mention that Kerry reported a somewhat larger holding in the same fund. Disclosure reports filed with the Senate last year show that Teresa Heinz Kerry held a $500,000 to $1,000,000 stake in the same fund in 2010.
http://www.washingtonpost.com/blogs...D2FHS_blog.html?tid=sm_twitter_washingtonpost
:lol:
Democrats, do as I say, not as I do.
