Pelosi Gets Devastating News About Her Son

It has been revealed that Nancy Pelosi’s son has been involved in five companies under investigation by federal agencies, but has never been charged himself, a new report reveals.

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Pelosi Jr. appears to have connections with a host of fraudsters, rule-breakers, and convicted criminals, according to an investigation.

The only son of Nancy Pelosi, Paul Pelosi Jr. is 52 years old.

With over 15 years of experience in finance, infrastructure, and sustainability, Paul Jr. is a much sought-after business analyst and strategist.

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Additionally, he is a member of the California State Bar and a licensed real estate broker.

Two troubling questions remain unanswered by Nancy’s son, though, regarding his repeated business dealings over the years: why did he keep dealing with such unscrupulous characters over and over again, and how closely involved was he with the criminal investigations of his impostor colleagues?

Now, Pelosi once committed to leading ‘the most honest, most open, most ethical Congress in history,’ yet her son has an astonishing list of criminal colleagues, shady companies, and federal probes.

There are several links between Pelosi Jr. and alleged lawbreakers including:

According to an SEC ruling, he joined the board of a biofuel company whose CEO was convicted of bribing Georgia officials

He was the president of a company that dealt in environmental investments was actually a disguise for two convicted conmen

He worked for a lithium mining business, got millions of shares, which were allegedly given as part of a whopping $164 million fraud

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Previously, he served as vice president of a company under investigation for scam calls targeting seniors

It is alleged that he maintains close business ties with a man accused by the Department of Justice of stealing investors’ money by running a fake UN charity

An FDA investigation found that Pelosi’s former employer tested drugs on people without FDA authorization

There have never been any criminal charges brought against Pelosi Jr. in connection with these cases.

Some business deals performed by Pelosi Jr. are believed to have arisen from entrepreneurs hiring him to curry favor with his powerful family, according to sources close to the Democratic power broker’s son.
Pelosi Jr. was hailed as the rising star of the Pelosi power dynasty in a Men’s Vogue profile from 2007.

As Speaker of the House, Nancy Pelosi, herself the daughter of a Maryland Democratic Congressman and the Mayor of Baltimore, played an important role in his life. Among his family members was his father, a renowned investor, along with his cousin, the present-day California governor, Gavin Newsom, who was also the mayor of extremely liberal San Francisco.

Although Pelosi Jr. told Men’s Vogue that he led a spartan lifestyle, he ate six-egg omelets for breakfast, did not use the air conditioner when he lived in San Francisco, avoided washing his clothes during peak consumption hours, and used a hand-me-down smart car when electric buses weren’t available.

Pelosi Jr., while frugal, had just landed a $180,000-a-year job as Executive Vice President at data company InfoUSA in February 2007. He was already working full-time at Countrywide Home Loans, though, and oddly, he didn’t have any experience in database marketing.

Democrat donor Vinod Gupta ran the company. Since 2004, he had been the subject of a criminal investigation by the Iowa Attorney General’s Office.

An investigation found that InfoUSA sold millions of consumers’ data between 2001 and 2004, and that the data was used by fraudsters to scam the elderly, stealing some of their life savings.
As reported in the New York Times on the investigation in 2007, InfoUSA sold a list of 500,000 gamblers over 55, which was called ‘Oldies but Goodies.’ The gamblers were touted as being ‘gullible.’

The Times reported that InfoUSA also sold lists of cancer patients and Alzheimer’s sufferers named ‘Suffering Seniors’. However, the company denied any such titles appeared on their lists.

State investigators found emails showing InfoUSA employees were aware the firms they sold to were under investigation for targeting old people fraudulently, but they continued to sell the data anyway, the AG said.

Neither Gupta nor InfoUSA were charged in connection with the Iowa investigation into the scammers. This investigation was completed before Pelosi Jr. joined the company.

The company said that after the investigation it changed its policies, saying that it ‘never characterized individuals on lists as ‘gullible.’ Nor does infoUSA compile lists entitled ‘Elderly Opportunity Seekers,’ ‘Suffering Seniors,’ or ‘Oldies But Goodies.’

Gupta appointed Pelosi Jr. reportedly to curry favor with his powerful mother, although Pelosi Jr. denied the hypothesis at the time.

‘I don’t think that’s really what happens,’ Pelosi Jr. told reporters at the time. ‘I don’t see it that way, but I could see why you’d ask the question… I guess you always wonder why somebody hires you, right?’

He accepted a position in 2009 as president of Natural Blue Resources, an environmental investment company.

In New Mexico, the firm’s primary purpose was to locate and utilize underground water supplies.

Nevertheless, an SEC investigation found that the company was ‘secretly controlled’ by two convicts who used Pelosi Jr. and other people as fronts to let the fraudsters ‘personally profit from the company without disclosing their past brushes with the law to investors’.

The two ‘consultants’, James Cohen and Joseph Corazzi, recruited Pelosi Jr. and former New Mexico governor and attorney general Toney Anaya to form the firm in 2014, according to charging documents.

Corazzi was permanently barred from working for a public company after being charged with breaking federal securities laws and having been jailed for financial fraud. Cohen had previously been jailed for fraud.

Anaya was prosecuted, but Pelosi Jr. was not. Pelosi Jr. served as Natural Blue’s president and a board member from the time of its NASDAQ listing in August 2009 for five months, and served on the board of a company run by Cohen’s wife.

Asked by reporters about Pelosi Jr.’s involvement, the SEC declined to comment.

Nevertheless, the SEC concluded in its opinion that Pelosi Jr. did not play a ‘meaningful role’ in one of the key transactions for the Natural Blue scheme. Instead, he ‘strenuously object[ed]’ to fundraising contracts, was removed from Natural Blue’s board by the accused fraudsters, and was ultimately called as a victim witness.

Pelosi Jr. landed a job with biofuel company FOGFuels in October 2013, according to a corporate press release.

It would have been easy for Pelosi Jr. to know he was entering murky territory had he googled his new business partner. An SEC announcement was made one month earlier against the company and its founder, Paul Marshall.

A federal complaint alleges that Marshall stole $3 million from mostly elderly investors in FOGFuels and another business of his ‘to pay for a variety of Marshall’s personal expenses, including luxury vacations, child support and alimony payments, and private school tuition and camps for his children.’

A city official in Atlanta, Georgia was found guilty of bribing his way into city contracts on behalf of Marshall’s wireless internet company.

Marshal had previously agreed to cooperate with prosecutors in his $3 million fraud case, which resulted in him not being charged with bribery.

At the time, Pelosi Jr. served as Vice President of FOGFuels, which won a resolution from the Atlanta City Council to convert waste restaurant grease into biofuel.

There was a formal ethics complaint against a councilman over the vote, but the contract was never approved, and Pelosi Jr. nor the firm were charged in the bribery investigation.

At the end of 2015, FOGFuels dissolved. After cooperating with the FBI in the bribery case, Marshall was convicted in 2018 of defrauding investors and sentenced to six years in prison. In 2020, he was released from prison.

Pelosi Jr. took on two new positions in 2014. Pelosi Jr.’s first position was as Independent Director of Targeted Medical Pharma, a Los Angeles-based drug company accused of testing drugs on people without authorization a year after he left.

SEC filings indicate that Pelosi Jr. left the company seven months after joining and removed or did not post the FOGFuels job on his LinkedIn profile.

In response to the warning letter, the company told the FDA it complied with all FDA regulations, and that it hadn’t broken any rules since it was not marketing its product, Theramine, as a drug in the US, but rather as a medical food.

The FDA was investigating Targeted Medical Pharma for a clerical error.

There were no further actions taken by the FDA against the company.

On Pelosi Jr.’s LinkedIn resume in October 2014, there was a full-time position listed as ‘Business Development Executive’ of the Corporate Governance Initiative (CGI). This position has since been removed.

According to SEC filings, CGI is ‘a non-profit group’ focused on ‘transparency, capitalism and building sustainable corporations.’ Pelosi became the organization’s Executive Director in December 2015.

This ethics-focused job ironically led to his close association with a fraudster accused by the DoJ of running a fake charity.

According to prosecutors, Asa Saint Clair, a New York executive, ran a cryptocurrency scam using his charity, the World Sports Alliance, which they called 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 DoJ stated.

Despite claiming the money would help developing countries, prosecutors accuse the alleged fraudster of using investors’ money ‘to pay his personal expenses, including dinners at Manhattan restaurants, airline tickets, and online shopping.’

In California, Saint Clair was reportedly arrested while trying to board a flight to Madagascar via Paris. He was charged with wire fraud and faces up to 20 years in prison if convicted. He will not plead guilty. Court proceedings are scheduled to begin in March.

Pelosi Jr. endorsed, on its website in January 2018, the allegedly fraudulent digital currency, stating: ‘IGOBit is the absolute best offering I have ever seen.’

Pelosi Jr.’s organization, CGI, is linked to Saint Clair and his alleged charity scam, according to press releases.

A CGI press release said that Saint Clair had ‘officially endorsed’ the organization, and that he would be working with them and heaped accolades on Pelosi Jr.

In Saint Clair’s case, Pelosi Jr. is not named or charged in any public court documents.

In July of 2016, Oroplata Resources announced that Pelosi Jr. has joined the company as Senior Advisor.

The company leadership of Oroplata was accused of ‘breaching its fiduciary responsibility’ just a month earlier, in a Nevada civil lawsuit alleging that they issued $26 million of stock without the board’s approval.

The lawsuit, brought by Oroplata against its former management, claimed that 15 million shares worth $26 million were granted without board approval ‘to themselves and close ally recipients’, a move that was called ‘fraudulent’ in the lawsuit.

Its name has since been changed to American Battery Metals Corporation.

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In July 2016, Pelosi Jr. was said to have received 2.8 million of the allegedly fraudulent shares, according to sources around the company.

Pelosi Jr. bought the shares for $2,800 but they were worth between $4,228,000 and $5,152,000, according to the source.

Prosecutors in Boston said the alleged share fraud was part of a series of stock scams overseen by a Swiss financier, who has been convicted for $164 million in securities fraud.

According to prosecutors, the financier replicated the alleged fraud in Oroplata in many other companies in the context of a ‘massive global securities fraud scheme that netted proceeds of approximately $164 million.’

Roger Knox, the 49-year-old owner of the Swiss asset management firm at the center of the massive ‘pump and dump’ scheme pleaded guilty to securities fraud in January 2020.

Oroplata was reportedly one of several companies ensnared in the scheme, according to federal court documents.

Depending on Knox’s sentence, he could spend up to 20 years in prison and pay a $5 million fine.

Both the criminal and civil cases brought by Oroplata fail to mention Pelosi Jr.