Since the methods used by Bain Capital both arbitrarily set basis for contributions and dividends (insider information) to Bain IRAs, require Eric Thorson, Inspector General of The Treasury to audit Bain's IRA program.
Why is this important?
Bain deposits stock within an IRA account. The value may exceed the legal limit of 30K because sets controls the price (basis) through insider knowledge. It then, after leveraging the target company, sets a dividend that shifts assets into the stocks in its IRA and then sells off to an unsuspecting public. Result is a major reduction in taxes, while sheltering massive insider gains.
