Friday, January 27, 2012

Romney fails to disclose income from 'secret' Swiss bank account

Mitt Romney failed to reveal income from a Swiss bank account on financial disclosure forms filed last year.

Other income was also missing from records required of presidential campaign candidates.

A Romney spokeswoman offered no explanation for the omission but said today the adjustments would be 'trivial' and would not alter the overall picture of Romney's finances.

The former Massachusetts governor is estimated to be worth $250 million.

At least 20 investment funds in Romney's blind trusts were either not listed on his disclosure or were at odds with funds listed on his 2010 tax return.

On a trust in his wife Ann's name, at least one that is part of Bain Capital's Sankaty funds carries an 'offshore' label. Read More