Speaker of the House Nancy Pelosi has just gotten some devastating news about her son from the FBI, according to a new report.
According to a new report from The Daily Mail, Nancy Pelosi’s son, 52 year old Paul Pelosi Jr., is linked to at least five companies that have been investigated by federal prosecutors for various fraud and scamming schemes.
Of course, Pelosi Jr. has never been charged with any crimes, though the question is: Is that because he never took part in any illegal activities, or because of his connections?
InfoUSA
Soon after Nancy Pelosi took over the role of Speaker of the House in 2007, Pelosi Jr. took a six-figure position as senior vice president at an Omaha-based company called InfoUSA, which was run by Vinod Gupta, a prominent Democrat donor.
Just one year before he was hired, Gupta was under investigation for selling consumers’ data to criminals, who then used the data to scam sick and gullible elderly people out of their money.
According to the New York Post, the investigation was initially launched after “Gupta was sued by shareholders who allege he misused company funds to fly Bill and Hillary Clinton on private corporate jets.”
While the Iowa attorney general suggested that employees of InfoUSA were aware of the illegal activities, neither Gupta nor his company were charged.
That was not the last time the company was in trouble with the law. In 2010, the SEC charged Gupta and two others for “funneling illegal compensation to himself in the form of perks worth millions of dollars.” The case was eventually settled, though Gupta never admitted or denied the allegations.
Natural Blue Resources
In 2009, Pelosi Jr. co-founded Natural Blue Resources Inc, an investment company whose stated mission was to “create, acquire, or otherwise invest in environmentally-friendly companies, including an initiative to locate, purify, and sell water recovered from underground aquifers in New Mexico and other areas with depleting water resources.”
But, according to the New York Post, “the SEC alleged that the company was secretly run by two convicted fraudsters — James E. Cohen and Joseph Corazzi. In 2014, the agency brought fraud charges against Cohen, Corazzi, former New Mexico Gov. Toney Anaya, and a former executive at the company, Erik Perry.”
While Cohen and Corazzi claimed to be “outside consultants,” they actually controlled the company “without disclosing their past brushes with the law to investors.”
During all of this, Pelosi Jr. reportedly owned more than 10 million shares of the company.
The SEC ended up suspending all trading in stock of Natural Blue Resources, but Pelosi Jr. was never charged.
FOGFuels
In October of 2013, Pelosi Jr. joined a biofuel company called FOGFuels. Just before being named vice president of this company, its founder, Paul Marshall, had been charged by the SEC with stealing $3 million from elderly investors.
Marshal was accused of using the money “to pay for a variety of…personal expenses, including luxury vacations, child support and alimony payments, and private school tuition and camps for his children.”
The company was dissolved in 2015, and Marshall was eventually sentenced to six years in federal prison.
Targeted Medical Pharma
In 2014, Pelosi Jr. took the position of independent director of Targeted Medical Pharma, but quickly left the company just seven months later.
A year after he left, Targeted Medical Pharma was accused of testing drugs on people without authorization by the FDA.
Curiously, the company was not subject to any further legal action, and went on to claim that the investigation by the FDA was due to a “clerical issue.”
Corporate Governance Initiative
In late 2014, Pelosi Jr. became “business development executive” of Corporate Governance Initiative. According to an SEC filing, Corporate Governance Initiative was a “non-profit group” focused on “transparency, capitalism and building sustainable organization[s].””
Around one year later, he was promoted to executive director. During his time at the “non-profit group,” he grew close with Asa Saint Clair, a New York-based executive who was accused of running a cryptocurrency scam through his charity, the World Sports Alliance.
The Department of Justice has alleged that World Sports Alliance was a “sham affiliate of the United Nations.”
“Saint Clair allegedly defrauded investors in IGObit, a digital currency he claimed WSA [World Sports Alliance] was developing, but which turned out to be the fraudulent bait with which to lure victim investors,” the federal prosecutors alleged.
Pelosi Jr. endorsed the fake cryptocurrency on its website in January of 2018, according to the report from The Daily Mail, writing: “IGOBit is the absolute best offering I have ever seen.”
No Charges, Lots of Connections
It is absolutely astounding how many connections that Nancy Pelosi’s son has with corrupt businesses, especially ones that have defrauded people and scammed the elderly, yet no one has bothered to discuss this in the media. One time may be a mistake on his part. Twice may be a coincidence. Three or more times is a pattern.
