Monday, February 06, 2017

Pelosi Demonstrating How Democrats Have Lost Touch With the Rust Belt


newsmax |  Paul Pelosi Jr. was president and chief operating officer of Natural Blue Resources, which specializes in environmentally-friendly ventures, and in 2009 he was listed as owning 10 million shares in the company, according to the Free Beacon.
Four executives with the company, including former New Mexico Gov. Toney Anaya, have been charged with fraud by the Securities and Exchange Commission, which suspended trading in the company’s stock.

The charges were handed down after the SEC learned that the company was "secretly controlled" by Joseph Corazzi and James Cohen, who had previous fraud convictions, according to the Free Beacon.

dailybail |  House Democratic Leader Nancy Pelosi’s husband bought up to a quarter million dollars of stock in SunEdison, a now financially troubled green energy company just weeks before it announced a major 2014 acquisition that sent its stock price soaring. SunE's 2014 purchase of wind energy company First Wind “further bolstered the reputation of the company,” wrote one market-watcher at the time. “Perhaps unsurprisingly, SunEdison’s stock soared 29% on news of this acquisition alone.” 

Pelosi’s husband, Paul Pelosi, had invested just in time. He bought between $100,000 and $250,000 in SunEdison stock on Oct. 24, 2014, according to congressional financial disclosures. The company announced its First Wind acquisition on Nov. 17.

Pelosi has previously been accused of trading stock based on information gleaned through her official duties. A law passed in the wake of that controversy prohibits members of Congress from using nonpublic information for personal gain. Language in that measure was informally dubbed the 'Pelosi Provision.'