Photo: Flickr/ Gage Skidmore
This is a first. Ann Romney’s name is being thrown around in the same sentence as underage sex trafficking.Reuters is reporting today that Romney, wife of presidential hopeful Mitt Romney, owned a blind trust that invested in a Goldman Sachs fund, which in turn invested in a company that some have accused of promoting sex trafficking.
The connection is tenuous at best, and it’s almost impossible that Romney knew about the investment, but as Reuters puts it, “…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.”
According to financial disclosure documents, Romney’s trust invested between $15,001 and $50,000 into Goldman’s GS Capital Partners III fund, which until last Sunday, that fund had a 16 per cent stake in Village Voice Media. Village Voice Media owns the website Backpage.com, which has been been accused of trafficking underage prostitutes. That accusation has been challenged, however.
Meanwhile, Andrea Saul, a spokesman for Romney, stressed how Romney had no control of how investments were made. “Furthermore, the trustee invests in funds, but, as a passive investor, has no control over the funds’ investments,” she said.
Read the full story here.
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.