Bitcoin romney taxes
The value of the Internet currency known as Bitcoin rose yesterday for a pretty weird reason. Hackers claim to have obtained the tax records of Republican presidential nominee Mitt Romney from Pricewaterhouse Cooper and say they will release the records unless the Romney campaign pays them a million dollars in the hard-to-trace Bitcoin currency. Bitcoins are an electronic currency unregulated by any central authority. Users are self-policed and receive instant payments of Bitcoins through an encrypted process that verifies each transaction and does not allow it to be undone. Bitcoins are difficult to exchange for actual dollars, but are otherwise a very private way of exchanging cash. The Secret Service is investigating the claims, which were first posted on Pastebin, a message board site commonly visited by hackers.
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- Tenn. man charged in alleged Mitt Romney tax scheme
- Romney’s ‘I dig it’ trust sealed his 14% tax rate
- Update: Group Claims to Be Holding Romney's Tax Returns for Ransom
- Mitt Romney and Michael Bennet just unveiled a basic income plan for kids
- Justice News
- Tennessee Man Accused of Trying to Blackmail Mitt Romney . . . for Bitcoins
Tenn. man charged in alleged Mitt Romney tax scheme
Apparently, this is legitimate enough to invite the attention of the Secret Service. Various sources — I saw it on VentureBeat — are reporting that PricewaterhouseCoopers, the big accounting firm, might have been hacked and that cyberthieves have made off with Mitt and Ann Romney's tax returns. The ransom must be paid in Bitcoin , the cybercurrency with a checkered past but a devoted following amond the tech-libertarian set. I've written quite a bit about Bitcoin heh, heh and this is the first time I've ever heard of the cybercurrency being involved with blackmail.
I've seen some funky activity on my own experimental Bitcoin account. But holding the world's most coveted tax returns hostage for This is new territory for the cybercurrency. Obviously, it could all be a publicity stunt of some sort.
The letter that PwC received from the purported hackers was pretty snarky when it came to Bitcoin knowledge, suggesting that if they don't know what it is, they Google it.
So if the theft turns out to be for real, how would Romney or PwC or some combination thereof get the Bitcoin? It's unclear. He would probably have to go on a Bitcoin exchange, like Mt. Not that that would ever happen. But this latest adventure in Bitcoin isn't going to do much to take the edge off the cybercurrency's roguish reputation.
And ask Matt questions at Quora. Matthew DeBord September 5, April 22, An Update from Larry Mantle. Larry Mantle. July 16, Announcing LAist Studios. The U.
Romney’s ‘I dig it’ trust sealed his 14% tax rate
Seeking to put an end to questions about his personal finances, Republican U. Democrats have criticized Romney for not releasing more than two years of tax information and openly asked whether the millionaire former private equity executive has something to hide about his wealth. Senate Majority Leader Harry Reid accused Romney earlier this month of not paying taxes for 10 years, a claim the Republican denies. Romney also said that when charitable donations were taken into account, his tax rate has been above 20 percent.
Update: Group Claims to Be Holding Romney's Tax Returns for Ransom
Annually they never paid an effective rate below And he has often gotten flak for having paid a low effective tax rate given his outsized income. That number, however, does not include other federal taxes such as the payroll tax. All rights reserved. At a. Saturday, police responded to a shooting on the block of North Graham Avenue. At the scene, officers found a year-old man suffering from multiple gunshot wounds. Saturday, troopers were patrolling in the area of Gate City Boulevard and Farmington Road when they spotted a vehicle violation. A trooper tried to pull over the vehicle, but the driver kept going, sparking a chase. Skip to content.
Mitt Romney and Michael Bennet just unveiled a basic income plan for kids
Were you and some co-conspirators considering a harebrained scheme to claim that you had obtained copies of his returns and would demand a ransom to prevent their release? While this may sound like foolproof plan, may I suggest you reconsider? I only bring it up because the great Mitt Romney tax return caper earned a conviction that you might want to know about. Last week, a Nashville jury found Michael Mancil Brown guilty of "six counts of wire fraud and six counts of using facilities of interstate commerce to commit extortion":. According to testimony at trial, evidence recovered from a computer seized from the home of Brown in implicated Brown in a scheme to defraud Romney, the accounting firm of PricewaterhouseCoopers LLP and others by falsely claiming that he had gained access to the PricewaterhouseCoopers internal computer network and had stolen tax documents for Romney and his wife, Ann D.
Justice News
Subscriber Account active since. A group of hackers claim to be in possession of Mitt Romney's tax returns after they took them in the night from PriceWaterhouseCoopers' offices in Franklin, Tennessee, according to a release on Pastebin. Here's the Sept. Once on the 3rd floor, the team moved down the stairs to the 2nd floor and setup shop in an empty office room. During the night, suite was entered, and all available tax forms for Romney were copied.
Tennessee Man Accused of Trying to Blackmail Mitt Romney . . . for Bitcoins
The cloak and dagger tale circulating on the Internet about a group of hackers who claim to have purloined old tax returns of GOP presidential candidate Mitt Romney and say they will release them to whoever is first to pay their ransom suggests why a federal court case that absolved former Democratic presidential candidate John Edwards of campaign finance crimes was wrongly decided. During his campaign, Edwards relied on the largesse of two wealthy Democratic donors to keep his affair with campaign worker Rielle Hunter secret. Edwards' campaign did not report the donations, nor did it report the payments made to support Hunter, who was pregnant with Edwards's child at the time. Had the public learned of Edwards' affair, his candidacy would most certainly have been over. Justice Department lawyers argued that Edwards, in benefiting from huge undisclosed financial support and undisclosed expenditures, flouted campaign finance laws that limit the size of donations and restrict the uses of that money to campaign purposes. The jury disagreed as did many campaign finance experts and Edwards walked free. Fast forward to the campaign, and a story almost as bizarre as l'affaire Edwards. An anonymous group claims that it broke into a Tennessee office of PricewaterhouseCoopers, the accounting firm that prepares Mitt Romney's tax returns.
Starting in , taxpayers with overseas and other financial investments were required to report those assets on Form What is the tax policy rationale for allowing favored capital gains rates on gains earned on foreign investments? How does this tax break create wealth and jobs in the U. Of course, the answer is that politics, not rationale tax policy, governs this undeserved and harmful tax break that serves no purpose other than to divert needed tax dollars into the pockets of the ultra-rich.
Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Under increasing pressure, Republican presidential candidate Mitt Romney this week released both his tax return as well as his estimated return. While his income numbers were staggering, placing Romney among the wealthiest income-earners in America, it was the relatively low taxes he paid and is expected to pay for that has been the subject of intense water cooler discussions. Much of his wealth can be attributed to being a founding partner of Bain Capital, a venture capital and private equity firm he started in His tax return, prepared by the accounting firm PricewaterhouseCoopers, was pages.
Official websites use. Share sensitive information only on official, secure websites. Brown, 37, of Franklin, Tennessee, was convicted of six counts of wire fraud and six counts of using facilities of interstate commerce to commit extortion. According to testimony at trial, evidence recovered from a computer seized from the home of Brown in implicated Brown in a scheme to defraud Romney, the accounting firm of PricewaterhouseCoopers LLP and others by falsely claiming that he had gained access to the PricewaterhouseCoopers internal computer network and had stolen tax documents for Romney and his wife, Ann D. Romney, for tax years prior to
But can it be believed? The claimed theft, made in an anonymous letter sent to the accounting firm and political offices in Tennessee, has surfaced a critical moment during the presidential campaign amid the Republican and Democratic conventions. The plot in this mystery has enough holes that it could be an elaborate hoax.
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