Parler
Gab
Copy
53-year-old Paul Pelosi Jr did not publicly disclose his stake before accompanying his mother on the taxpayer-funded trip to Taiwan.
Pelosi is not only a major investor in Borqs, a player in the Chinese internet-of-things and 5G sector, but has also worked as a consultant for the firm, rewarded for his services with 700,000 shares in the firm, at which time his holdings were exceeded only by CEO Pat Sek Yuen Chan.
Upon learning that Pelosi Jr. had tagged along with his mother’s delegation, several Taiwanese politicians, including the former chair of the island’s financial supervisory commission, Tseng Ming-chung, have demanded to know whether the island’s ruling Democratic Progressive Party had a financial relationship with the Pelosi family and whether the congresswoman’s visit involved business interests.
The younger Pelosi was not listed as a member of the delegation and had no government post or other stated mission to carry out.
It is unclear what Pelosi Jr.'s role at the company was.
Additionally, Pelosi Jr. was appointed to the boards of two lithium mining companies in 2020 and 2021. His appointments have drawn new scrutiny following his visit to Taiwan, a lithium mining capital.
His role involves "making explicit introductions between Altair and potential strategic partners in the various industries of interest for expansion," according to a press release at the time.
As a reminder, Pelosi and her husband have been accused of insider trading regarding Paul Pelosi Sr.’s trades on tech giants Apple, Amazon, and Alphabet last month, which netted the family millions in profits.
While the House speaker makes $223,500 annually in her government role, her net worth is estimated as high as $252 million, according to her own financial disclosures.
One could be forgiven for seeing a pattern here among the highest ranking Democratic party officials whose offspring appear gifted at discovering lucrative positions in foreign companies while their parents 'run' the largest economy in the world.
Read more at: ZeroHedge.com
EV price hikes cancel out $7,500 tax credits offered by government under IRA
By Mary Villareal // Share
Government-approved weather manipulation led to 1952 Lynmouth flash floods
By Belle Carter // Share
Democrat operatives control voter-roll system in 31 states
By News Editors // Share
American cities run by Democrats see 50% decline in activity – people are fleeing
By Ethan Huff // Share
DeSantis pushes to remove vaccine mandates, allow vaccine-injured to sue for damages
By Ramon Tomey // Share
The red screen of death: Google's automated hit on a rival it couldn't acquire
By willowt // Share
New AI research tool aims to examine vaccine data and UBI implications
By finnheartley // Share
Water woes for Wisconsin homeowner expose a growing public health crisis
By patricklewis // Share
