Corruption among political families is certainly nothing new, but when suggestions of such make their way into the family of the current speaker of the U.S. House of Representatives – as is now the case with Paul Pelosi Jr. and his mother, Rep. Nancy Pelosi (D-CA), the situation merits a closer look.
According to reporting from the Daily Mail, the speaker’s son has past or present links to no fewer than five companies that have been the subject of federal investigations concerning possible fraud or scamming of consumers.
Pelosi Jr., 52, though never charged himself in the many controversies that have surrounded his employers, has “connections to a host of fraudsters, rule-breakers and convicted criminals,” the outlet notes.
According to the Daily Mail‘s reporting, back in 2007, the speaker’s son was named senior vice president of InfoUSA, a database marketing firm that had been formally probed years prior for allegedly profiting on the sale of consumer data to entities that in turn committed fraud on sick and elderly individuals.
Pelosi later became the president of environmental firm Natural Blue Resources, run by convicts James Cohen and Joseph Corazzi, who believed their association with the lawmaker’s son would help them disguise from investors their prior run-ins with law enforcement.
Next up was Pelosi’s stint as vice president of FOGFuels, a biofuel firm whose founder was – at the time – facing Securities and Exchange Commission charges, and that role was followed by a period of months spent as independent director of Targeted Medical Pharma, which ultimately faced claims that it engaged in unauthorized drug trials on humans.
The never-ending resume doesn’t stop there, as Pelosi was also tapped for a business development role of a nonprofit organization known as Corporate Governance Initiative through which he built strong ties to accused fraudster Asa Saint Clair, said to have conducted a cryptocurrency grift through a charity called the World Sports Alliance.
Again, Pelosi, Jr. has never faced criminal charges related to any of his questionable business associations, but news of his links to so many sketchy dealings brings renewed scrutiny to the high-flying financial transactions of his parents, Nancy and Paul Pelosi, Sr., both of whom have made millions from stock trades some suspect were influenced by inside information gleaned as a result of the speaker’s work in D.C., as The Federalist notes.
Though many of Mrs. Pelosi’s colleagues have called for curbs on legislators’ ability to trade stocks while in office, the speaker has been dismissive of the notion, saying “We’re a free-market economy” and that members of Congress “should be able to participate in that,” and whether sufficient sentiment will build to put a stop to the kinds of transactions that have bolstered her family’s coffers for years, only time will tell.