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Old 06-01-2019, 06:36 PM   #63
iamawaveofthesea
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Mitt Romney's wife had blind trust invested in Goldman Sachs' sex trafficking fund
By Daily Mail Reporter
Published: 12:59, 3 April 2012 | Updated: 18:20, 3 April 2012

The wife of Republican presidential hopeful Mitt Romney had a blind trust invested in the Goldman Sachs' sex trafficking fund, it emerged today.

According to an August 2011 financial disclosure report by the Romneys, Ann Romney's blind trust had an investment valued between $15,001 and $50,000 in Goldman's GS Capital Partners III.

Reuters reported that while there is no suggestion the Romneys knew about the investment, the disclosure highlights the difficulty for politicians and their families when they invest in blind trusts that are supposed to protect them from conflicts of interest and ethical questions.

Goldman said on Sunday that GS Capital Partners III signed a deal last Friday to sell its 16 percent stake in Village Voice Media, which owns the website Backpage.com, back to management.

Critics argue that Backpage.com facilitates the trafficking of underage prostitutes and sex slaves, although others question that.

Andrea Saul, a spokesman for Romney, stressed that the funds were managed on a blind basis, 'so the trustee, not the Romneys, make their investment decisions.

'Furthermore, the trustee invests in funds, but, as a passive investor, has no control over the funds' investments.'

Goldman's divestiture is the latest development in a growing controversy over online adult advertising that has pitted celebrities, law enforcement officials, members of Congress and New York Times columnist Nicholas Kristof against Village Voice Media.

The private media company has the largest share of revenue in the United States from online advertising of adult services.
https://www.dailymail.co.uk/news/art...01XFL31hKy6NtY
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