Company cofounded by Nancy Pelosi's son charged with fraud
The Fraud, abuse, and cronyism will never end as long as DC insists upon picking winners and losers. The list of taxpayer funded failures is sickening. Here is a list published in 2012.The "green movement" is about two issues 1. Lining the pockets of the elites, and 2. Ultimate complete control over every aspect of our lives.
Here is the latest example courtesy of The American Thinker Blog "Natural Blue, a company cofounded by Paul Pelosi, Jr. to focus on “environmentally-friendly” investments, has been charged with fraud by the SEC. Pelosi had served as the company’s president and chief operating officer. Also involved is a former Democrat governor. Elizabeth Harrington reports in the Washington Free Beacon:
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.
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."
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