Nancy Pelosi’s son has been linked to investigations by the Feds


Paul Pelosi Jr., the son of House Speaker Nancy Pelosi, is reportedly involved with at least five business units that authorities are investigating for fraud.

52-year-old Paul Pelsoy Jr., the only son of Nancy and Paul Pelosi Sr., has been hired by several federal and state investigative agencies and meanwhile “has links to numerous fraudsters, rule-breakers and convicted criminals,” though he has never accused himself. DailyMail.com.

In February 2007, the website reported that Pelosi Jr. was hired by Omaha-based InfoUSA as a senior vice president of database marketing, which several years ago was investigated by the Iowa Attorney General’s Office for selling consumer data to fraudsters.

It is alleged that this data was later used to defraud the sick and deceived elderly with money. The investigation has been closed and no arrests have been made. Pelosi Jr., who received a salary of $ 180,000 a year, joined the firm after the investigation was completed.

Paul Pelosi Jr., 52, is the only son of House Speaker Nancy Pelosi and her husband, investor Paul Pelosi, Sr.
WireImage

InfoUSA was founded by Vin Gupta, a leading donor to former President Bill Clinton. Gupta and his company were investigated by the Securities and Exchange Commission in 2007, the Associated Press reported.

The investigation began when shareholders sued Gupta, alleging that he misused the company’s money to fly Bill and Hillary Clinton on private corporate jets.

In 2010, the SEC accused Gupta and two others for “inflicting illegal compensation in the form of multi-million dollar privileges.” Finally the case was settled. Gupta did not admit or deny the allegations.

In 2009, Paul Jr. co-founded Natural Blue Resources Inc., an investment company “creating, acquiring or investing in eco-friendly companies, including an initiative to detect, purify and sell recovered water from underground” .

But the SEC is accused of being secretly run by two criminal fraudsters – James E. Cohen and Joseph Corazzi. In 2014, the agency brought fraud charges against Cohen, Corazi, former New Mexico governor Tony Anaya and the company’s former executive Eric Perry.

While President Bill Clinton golfs together Vinod Gupta.
In 2007, Pelosi Jr. was appointed senior vice president of InfoUSA, a data marketing company founded by Vin Gupta. Gupta, a fundraiser for Bill Clinton, has been accused of fraud by the SEC.

While Cohen and Corazi claimed to be “outside consultants,” they actually controlled the company “without revealing their previous brushes with the law.” Pelosi Jr. reportedly owns more than 10 million shares in the company.

The SEC shut down trading on Natural Blue Stock. Pelosi Jr. has never been charged. According to DailyMail.com, the SEC admitted that it did not play a “meaningful role” in the major transactions of the firm and testified in court against the accused.

The SEC said Pelosi Jr. “vehemently objected” to the proposed fundraising deal and was expelled from the board by Cohen and Corazi.

Perry and Anaya both entered into an agreement with the SEC.

In October 2013, Pelosi Jr. joined FOGFuels, a biofuel company. Before he was named vice president, Paul Marshall, the founder of the company, was charged by the SEC with accusing him of stealing $ 3 million from a senior investor.

Marshall alleged that the money was used to “pay for various … personal expenses, including luxury vacations, child support and alimony payments, and private school education and camps for their children.”

Paul Pelosi Jr.
Paul Pelosi Jr., right, has never been charged with a crime.

FOGFuels was dissolved in 2015. Three years later, Marshall was sentenced to six years in federal prison. In Atlanta, he was given a reduced sentence after cooperating with the FBI in separate bribery cases involving an officer.

In 2014, Pelosi Jr. was hired as an independent director at Target Medical Pharma, a Los Angeles-based company. Seven months after his appointment, he left the company. A year later, according to DailyMail.com, the Food and Drug Administration alleged that the proposed medical pharma was testing drugs on people without permission.

The company is not subject to further litigation. It insisted that the FDA’s investigation was due to a “clerical problem.”

In the fall of 2014, Pelosi Jr. became the “Business Development Executive” of the Corporate Governance Initiative. The SEC filing said the CGI was a “non-profit group” focused on “transparency, capitalism and a sustainable organization of construction.”[s]. ”

Asa Sainte-Claire.  (Twitter)
Pelosi Jr. also developed a relationship with New York-based executive Asa St. Clair, who is accused by the Feds of running a cryptocurrency scam through a fake charity.
Twitter

In December 2015, Pelosi Jr. was promoted to the position of Executive Director. During his time at CGI, he was reported to have established relationships with New York-based executive Asa St. Clair, who allegedly ran a cryptocurrency scam through his charity, the World Sports Alliance.

The Justice Department has accused the World Sports Federation of being a “sham affiliate of the United Nations”.

“St. Clair has defrauded investors in IGObit, the digital currency they claim is the WSA [World Sports Alliance] Developing, but it turned out to be a fraudulent lure to lure victim investors, ”federal prosecutors allege.

St. Clair, who is accused of wire fraud, has not pleaded guilty. He faces up to 20 years in prison if found guilty.

According to DailyMail.com, Pelosi Jr. endorsed fake cryptocurrency on its website in January 2018: “IGOBit is the absolute best gift I’ve ever seen.”

He has never been accused of IGOBit or St. Clair.

In July 2016, Pelosi Jr. became senior consultant at lithium mining company Oroplata Resources.

A month before coming to the board, Oroplata executives issued $ 26 million worth of fraudulent shares and then gave some of them to themselves and others without the board’s approval.

The indictment has been filed in a civil lawsuit filed in Nevada in 2018.

According to DailyMail.com, Pelosi Jr. was reported to have received 2.8 million fraudulent shares in July 2016.

Court documents cited by DailyMail.com show that Pelosi Jr. bought the shares for $ 2,800 – even though the actual market value was between $ 4,228,000 and $ 5,152,000.

The fraud is said to have been masterminded by Roger Knox, the owner of a Swiss property management firm, who was convicted of a “pump-and-dump” project totaling $ 164 million.

According to federal prosecutors, Oraplata is one of several firms caught in Knox’s fraud.

Knox pleaded guilty two years ago. He faces up to 20 years in prison and a possible fine of about $ 5 million.

Paul Pelosi Jr.
Pelosi Jr., who has never been charged with a crime, makes no mention of any of the entities under review on his LinkedIn page.

Pelosi Jr. has not been named in a civil lawsuit or in a federal complaint against Knox.

On his LinkedIn page, Pelosi Jr. makes no mention of his past positions at InfoUSA, Natural Blue Resources, FOGFuels, Targeted Medical Pharma, CGI, and Oroplata Resources.

His LinkedIn page currently lists Pelosi Jr. as strategic consultant to EVSX, an eco-mining and recycling company based in Quebec, Canada.

Last month, Nancy Pelosi revealed in filings that she and her husband made $ 30 million in a stock transaction involving Big Tech firms.

The financial wind has prompted lawmakers of both parties to push forward legislation banning members of Congress from trading in shares.

Pelosi, a powerful Democrat who represents San Francisco, has accused the companies of liability they are controlling.

According to an analysis by The Post, Pelosi is one of the wealthiest members of Congress, with an estimated net worth of $ 106 million.

This is the average of the maximum and minimum estimated value of her assets and liabilities – the method used by the Center for Responsive Politics – using her most recent financial disclosure since August, with a maximum of $ 252 million and a minimum of $ 40 million underwater.

Pelosi’s husband, Paul Pelosi, is an entrepreneur who runs venture capital and investment firm Financial Leasing and his wife has made countless bets on high-profile companies such as Amazon, Apple and Google.

Asked last month whether the opportunity to profit in a transaction could create a conflict of interest, the speaker said “no” to the idea of ​​supporting a ban on the trading of individual shares.

“We are a free market economy,” Pelosi told reporters. “They are [members of Congress] Be able to participate in it.

.

Related Articles

Kim Kardashian’s daughter looks like a famous mother now inside the 8-year-old version of North

North West is slowly but surely morphing into mom Kim Kardashian, wearing similar styles and looking more and more like her famous parents...

Seven shocking details of the murder of Suzanne Marfue by her husband Barry’s Chipmunk Alibi

Questions remain on the murder of Suzanne Marfue - from her husband Barry's chipmunk alibi to the spy pen used to capture businesses. Since...

Latest Posts

Kim Kardashian’s daughter looks like a famous mother now inside the 8-year-old version of North

North West is slowly but surely morphing into mom Kim Kardashian, wearing similar styles and looking more and more like her famous parents...

Seven shocking details of the murder of Suzanne Marfue by her husband Barry’s Chipmunk Alibi

Questions remain on the murder of Suzanne Marfue - from her husband Barry's chipmunk alibi to the spy pen used to capture businesses. Since...

Booker T believes WWE will not announce the sale of the company

Vince McMahon is the president of WWE and oversees everything that happens in the company. However, with the decline in product quality...

Watch Adele fans sing their songs in Las Vegas after the canceled concerts

LAS VEGAS - Adele's fans are ready to call it "Water Under the Bridge" even after the singer left thousands of anger and...