House Loudspeaker Nancy Pelosi’s son, Paul Pelosi Jr., has been known as out by the Daily Mail over his close ties to “ a host of fraudsters, rule-breakers and convicted criminals, ” however has never been charged himself.
Once called the ‘ rising prince’ of the Pelosi political empire by the now-defunct In a number of Vogue , Pelosi Junior. had “ years-long repeated business dealings” with unsavory characters, in what may have been attempts to curry favor with all the Democrat’s powerful family.
Via the Daily Mail , Pelosi Jr. ‘s links in order to alleged lawbreakers include:
- The 52-year-old joined the board of a biofuel company after this defrauded investors according to an SEC ruling, and whose CEO was convicted right after bribing Georgia officials
- Pelosi Jr. had been president of an environmental expenditure firm that turned out to be the front for two convicted fraudsters
- He joined up with a lithium mining corporation and received millions of gives, allegedly issued as part of a massive $164 million fraud
- He was vice president of a company previously embroiled in an investigation of scam calls that focused senior citizens
- He has close business connections with a man accused by Department of Justice of running a fake UN charitable organization that stole investors’ money
- A medical company Pelosi Jr. proved helpful for tested drugs upon people without FDA authorization, according to an FDA analysis
Based on the report, “ sources near to the Democrat power broker’s kid – and even Pelosi Jr. himself – admit that will some of his business negotiations may have arisen from experienced entrepreneurs hiring him so that they can curry favor with his powerful family. ”
For starters, Paul Pelosi landed a $180, 500 per year job as Senior Vice President at data company InfoUSA – while he seemed to be a full-time loan official at Countrywide Home Loans within San Mateo and had absolutely no experience in database marketing. According to investigators, between 2001 and 2004, before Pelosi Jr. joined up with the company, InfoUSA knowingly sold fraudsters the data of numerous Americans – that was then used to scam seniors out of their life savings.
According to a 2007 Ny Times report on the investigation, InfoUSA marketed a list of 500, 000 bettors over age 55 known as ‘ Oldies but Goodies’, which described its associates as ‘ gullible’.
InfoUSA also offered lists of people with malignancy or Alzheimer’s called ‘ Suffering Seniors’ , the days reported. The data company denied their lists had such titles.
Iowa investigators discovered emails showing InfoUSA employees knew the firms these were selling to were being investigated for fraudulently targeting aged people, but continued to sell the data regardless, the california’s AG said. -Daily Postal mail
More on Gupta from Inc. com :
How about this for a story? A man leaves India intended for Omaha with $58 in his pocket. He starts a company in 1972 that gets to peak revenue of $400 million, spends a night in the Lincoln bedroom, puts Bill Clinton on its payroll , sails Bill on his 80-foot yacht with an all-female crew, and flies Hillary Clinton to campaign events in the corporate jet.
And he’s as happy as a clam — despite getting sued by shareholders, being pushed out as CEO, incurring over $12 mil in debts to settle shareholder lawsuits, and taking advantage of insurance to pay $13 million to settle a lawsuit alleging that he sold his company — netting him $150 million for his 40% stake — at too low a price.
The person is Vinod Gupta, previous CEO of InfoUSA, an organization that built a data source that marketers use to sell everything from consumer products to politicians.
Gupta got themselves into a larger-than-life heap associated with trouble.
And according to the Daily Mail , some people thought Gupta put Pelosi Jr. on his payroll to curry favor with his effective mother. Jr. denied this at the time.
“ I don’t think that’s really what happens, ” Paul told NewsMax in 2007. “ I don’t see it that way, but I could see why you’d request the question… I guess you always wonder why somebody hires you, right? ”
Meanwhile, Paul was recruited to be the president of an environment investment company – Natural Blue Resources . Based on 2014 charges against the organization, Pelosi Jr. was recruited along with former New Mexico governor and AG Toney Anaya, to create the company and ostensibly find new underground aquifers in New South america.
A SEC investigaiton , however , found that the company has been “ secretly controlled” by two convicted criminals – making Pelosi Jr. the cutout used (along with others) to let them “ personally profit from the company with no disclosing their past brushes with the law to investors. ”
The 2 men? James Cohen and Joseph Corazzi.
Cohen had previously been jailed for financial fraud, plus Corazzi had been charged with breaking federal securities laws and was permanently barred from acting as an official of a public company.
Though Anaya was charged, Pelosi Junior. was not. Pelosi Jr. served as president and board member of Organic Blue from its public stock market listing in August this year for five months, and served on the board associated with another company run by Cohen’s wife. -Daily Postal mail
The SEC concluded that Pelosi Jr. didn’t play the “ meaningful role” in a single of Natural Blue’s crucial transactions, and “ intensely object[ed]’ in order to proposed fundraising contracts, was ousted from the board with the accused fraudsters, ” eventually appearing as a witness for that prosecution.
Then, in October 2013 , Paul landed a position as VP of biofuel crop company FOGFuels – one month after the SEC announced that this had filed charges against the company and its founder, Paul Marshall (via the Mail ).
The federal complaint said Marshall stole $3 mil from mostly elderly traders in FOGFuels and an additional of his companies ‘ to pay for a variety of Marshall’s individual expenses, including luxury vacations, child support and alimony payments, and private college tuition and camps just for his children. ‘
At the same time, an Atlanta, Atlanta official was found doing helping arrange city contracts for Marshall’s wireless internet company in exchange for bribes.
Marshall had earlier agreed to cooperate with prosecutors in his $3 million scams case, and was not billed in the bribery case.
FOGFuels, of which Pelosi Jr. was Vice President at that time, also won an Atlanta City Council resolution to show waste restaurant grease in to biofuel. -Daily Mail
Browse the rest of the report here .