President Obama's reelection campaign accused Mitt Romney of lying - and perhaps of breaking federal law - after the Globe reported that government documents listed him as in charge of the private equity firm he founded, Bain Capital, three years longer than he has previously stated. Growing evidence mounts of Mitt Romney's continuing ties to Bain after 1999.
"It's a pretty serious problem to file false documents with the SEC. You can be prosecuted for that."
"It doesn't make a whole lot of sense to say he was technically in charge on paper but he had nothing to do with Bain's operations. Was he getting paid? He's the sole stockholder. Are you telling me he owned the company but had no say in its investments?"
"If someone invested with Bain Capital because they believed Mitt Romney was a great fund manager, and it turns out he wasn't really doing anything, that could be considered a misrepresentation to the investor. It's a theory that could be used in a lawsuit against him."