Bain Capital, the company co-founded by Republican presidential nominee Mitt Romney, is reportedly among several private equity firms being investigated by the New York attorney general.
According to a story published on Saturday on the New York Times’ website, Attorney General Eric Schneiderman (D) sent subpoenas to six firms in recent weeks to determine whether they improperly managed to cut hundreds of millions of dollars from their tax bills. Romney helped found Bain Capital in 1984 but left the company before becoming governor of Massachusetts in 2002.
