Date: September 10, 2012 02:19AM
Wow, I never cease to be amazed at the things I run across...
So, I was thinking there must be a Mormon connection to Bain Capital, since the Mos tend to work for each other in business. I did a google search, and all I can say is WOW. Yes, there appears to be a Mormon connention, as I thought. But, I had no idea to the depths of it.
Several sources tell of a story of how Howard Hughes was controlled by the "Mormon Mafia" late in life, specifically Frank William "Bill" Gay, and how this group controlled much of his empire in later years. Bill Gay is told to have swindled millions of dollars from Howard Hughes, while he was suffering from mental illness.
Bill Gay's son is Robert Christopher Gay, was a general authority in the church, as well as Managing Director of Bain Capital for several years. In addition, it has been claimed William Gay helped his son Robert take over four billion dollars illegally from Howard Hughes Medical Institute through the use of his company, Bain Capital, and derivatives contracts.
The evidence sure seems to imply that Bain is only in existence because of the fortune that was swindled from Hughes in his state of mental breakdown.
So, just as I thought - it appears that there indeed is a very deep Mormon connection. And that makes me very uneasy.