An Associated Press report says that a once-invisible offshore company has helped bolster Romney’s wealth even though it did not appear on his state or federal financial reports for 15 years.
President Obama’s reelection campaign seized on the report as raising further questions about their rival’s business background, prompting Romney’s campaign to seek to turn the focus back to Obama’s handling of the economy.
“The mystery surrounding Sankaty reinforces Romney’s history of keeping a tight rein on his public dealings, already documented by his use of private e-mail and computer purges as Massachusetts governor and his refusal to disclose his top fundraisers,†AP wrote. “The Bermuda company had almost no assets, according to Romney’s 2010 tax returns. But such partnership stakes could still provide significant income for years to come, said tax experts, who added that the lack of disclosure makes it impossible to know for certain.â€