Tornado Alley (PROG)

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Company Co-Founded By Nancy Pelosi’s Son Charged With Fraud

Another day another scandal hits the Democratic machine and this one stinks. A company co-founded by Paul Pelosi Jr., Nancy Pelosi’s son, was just charged with fraud by the SEC and other prominent Democrats are involved.

The company is called Natural Blue Resources and it was a “green” investment fund, which makes sense because the left has been trying to monetize the environmental movement for decades.

The company was “secretly controlled” by James E. Cohen and Joseph Corazzi, both of whom had previous fraud convictions.

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.

I am not claiming that Pelosi is corrupt, but then again I am. She was not a millionaire when she entered Congress over 200 years ago, but now she is a millionaire 100 times over at her Congressional salary does not add up.

Pelosi’s son, Paul, co-founded a company called Natural Blue Resources, which is now under scrutiny by the Securities and Exchange Commission (SEC) after two individuals that were running the company was found to be convicted criminals.

The SEC said Wednesday the company was “secretly controlled” by James E. Cohen and Joseph Corazzi, both of whom had previous fraud convictions. Corazzi violated federal securities laws and was barred from acting as an officer or director of a public company. Cohen was previously incarcerated for financial fraud.

Cohen and Corazzi said they were “outside consultants,” but according to the SEC, they actually controlled Natural Blue’s business decisions “without disclosing their past brushes with the law to investors.” The pair made hundreds of thousands of dollars off the company.

Source: Washington Times

Bloomberg Businessweek claimed that Pelosi’s son served as National Blue Resources, Inc., President along with the additional title of COO until 2010.

The New Mexico Office of the Secretary of State Business Service Divisioncurrently lists Natural Blue as a company “not in good standing,” with Pelosi listed as its president.

The SEC said Natural Blue’s mission is to “create, acquire, or otherwise invest in environmentally-friendly companies, including an initiative to locate, purify, and sell water recovered from underground aquifers in New Mexico and other areas with depleting water resources.”

But The Mountain View Telegraph claims Pelosi was still named President last year. Doesn’t it look like someone was moving around titles so things wouldn’t get sticky, huh?

https://uslibertywire.com/company-co-founded-by-nancy-pelosis-son-charged-with-fraud/