Making a false statement on a federal financial disclosure form is a felony, punishable by up to one year in prison and a $50,000 fine. Is this why Romney keeps insisting he left Bain in February 1999?
Like all presidential candidates, Romney has to submit a financial disclosure statement to the Office of Government Ethics. He filed his most recent one last month, and the disclosure contains a very clearly stated footnote:
Mr. Romney retired from Bain Capital on February 11, 1999 to head the Salt Lake [Olympics] Organizing Committee. Since February 11, 1999, Mr. Romney has not had any active role with any Bain Capital entity and has not been involved in the operations of any Bain Capital entity in any way.
There’s no ambiguity there: not involved in Bain operations in any way. But that’s not true.