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Romney Closed Swiss Bank Account Before Entering White House Race

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Republican presidential hopeful and former Mass. Gov. Mitt Romney speaks during a town hall meeting at Diamond V South Plant on Dec. 9, 2011 in Cedar Rapids, Iowa. (credit: Kevork Djansezian/Getty Images)

Republican presidential hopeful and former Mass. Gov. Mitt Romney speaks during a town hall meeting at Diamond V South Plant on Dec. 9, 2011 in Cedar Rapids, Iowa. (credit: Kevork Djansezian/Getty Images)

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WASHINGTON (AP) — Advisers to Republican presidential candidate Mitt Romney are acknowledging that he once had a Swiss bank account but that it was closed in 2010 as prepared to enter the race for the White House.

The Swiss account is listed on Romney’s newly released 2010 federal income tax return. It had been opened by a Boston lawyer who oversees the Romney family investments and a blind trust containing millions of dollars in assets.

Romney’s net worth is estimated at as much as $250 million.

R. Bradlford Malt, the trustee, said Tuesday that he closed the account in early 2010 because “it just wasn’t worth it.” He acknowledged that the account might be inconsistent with Romney’s political views. Malt has dropped other investments that conflict with Republican Party views.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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