The Boston Globe just released a report and verified by CNN that Romney may have lied on SEC documents to hide the fact he was still evolved with Bain up until 2002, not 1999 as he previously has stated.
Roberta Karmel, a former SEC commissioner who served during President Jimmy Carter's administration, said the documents raise questions about Romney's role at Bain after the GOP contender says he left the company.
"It's a criminal offense to file a false document with the SEC," Karmel said. "And if that isn't true, then he made a false filing, which is something I don't think he wants to claim."
She continued: "If he listed himself and he was getting paid, he was legally responsible."
"Either you're the owner or you're not the owner," Karmel added. "You can't have it both ways."
Roberta Karmel, a former SEC commissioner who served during President Jimmy Carter's administration, said the documents raise questions about Romney's role at Bain after the GOP contender says he left the company.
"It's a criminal offense to file a false document with the SEC," Karmel said. "And if that isn't true, then he made a false filing, which is something I don't think he wants to claim."
She continued: "If he listed himself and he was getting paid, he was legally responsible."
"Either you're the owner or you're not the owner," Karmel added. "You can't have it both ways."