Republican, Offshore Accounts | featured news

News sources report that Mitt Romney's financial portfolio has included an offshore company in Bermuda that remained invisible to voters. But it may be images of the Romney clan vacationing at their $8 million summer compound on a lake in New Hampshire that have more impact... Photos of the Romney clan riding jet skis and a large power boat on vacation in New Hampshire this week led Boston Globe columnist Joan Vennochi to wonder if this was Mr. Romney’s “John Kerry moment” or perhaps proof of F. Scott Fitzgerald’s famous line about the rich: “They are different from you and me.”

A campaign official acknowledged to NBC News that the Romney campaign is revising his financial disclosure forms to report off shore holdings that were not disclosed last year.

Sam and Charles Wyly, billionaire Texas brothers who gained prominence spending millions of dollars on conservative political causes, committed fraud by using secret overseas accounts to generate more than $550 million in profit through illegal stock trades, the Securities and Exchange Commission charged Thursday.