Nancy Pelosi’s Son Paul Charged With Fraud
by Whoopie • 19 July, 2014 • Crime, Politics • 0 Comments
The Securities and Exchange Commission (SEC) charged a company cofounded by Paul Pelosi Jr. with fraud on Wednesday after learning that two convicted criminals were running the business.
Paul Pelosi Jr., the son of House Minority Leader Nancy Pelosi (D., Calif.), was the president and chief operating officer of Natural Blue Resources Inc., an investment company he cofounded that focuses on “environmentally-friendly” ventures.
The SEC charged four individuals with fraud, including former New Mexico Gov. Toney Anaya, and suspended trading in the company’s stock. Pelosi owned over 10 million shares in the company in 2009.
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The two swindlers, James E. Cohen and Joseph Corazzi both had prior fraud convictions. The SEC says they secretly ran Pelosi’s company while pretending to merely be paid consultants.
Ah, Democrats and Green Energy scams just seem to go together like the Italian mafia and trade unions.
Al Gore, Terry McAuliffe not to mention all the Obama contributors who took taxpayer money to start wind and solar companies that went bankrupt the day the subsidies ran out.
Billions of dollars ‘redistributed’ from taxpayers and private investors, funneled into the pockets of multi-millionaire Democrat politicians and donors.
And not one person in the bunch will ever spend a day in jail. At worst, they may lose a faction of the money they stole by having to pay fines and court costs.
In Paul Pelosi’s case he settled with the SEC for $150,000 and he’s forever barred from serving as an officer of a public company. His partner the former NM Governor is barred for 5 years, no word on what fine he’ll have to pay.
Trading is halted for Natural Blue Resources (NTUR) so the 10 million shares Pelosi owned is worth zero. But back in 2012, for about one week the penny stock was worth around 14 cents a share giving him $1.4 million on paper. During most of it’s existence, NTUR averaged about 4 cents a share.
I’d be interested to know why the share price suddenly spiked the way it did and if, during that magic moment, Paul dumped his shares and took his profits.
I won’t be surprised if the next time we hear about Paul Jr. he’ll be running to fill his mother’s seat in Congress when she retires. And he’ll probably win too by beating his mother’s dusty old drum about rich evil Republicans and those crooked Koch brothers.
Democrat voters, consistently stupid a-holes.
Read more at
http://blurbrain.com/nancy-pelosis-son-paul-charged-fraud/#KgmXVV34DG3x05eq.99Read more at
http://blurbrain.com/nancy-pelosis-son-paul-charged-fraud/#KgmXVV34DG3x05eq.99
