Nancy Pelosi’s Son a Major Investor in Chinese Telecoms Company – Opinion

House Speaker Nancy Pelosi’s son has apparently joined the list of political offspring who magically keep landing jobs as “consultants” overseas. According to The Daily Mail:

Nancy Pelosi’s son is the second largest investor in a $22 million Chinese company whose senior executive was arrested in a fraud investigation, DailyMail.com can reveal, raising questions about his secretive visit to Taiwan with his mother.

Paul Pelosi Jr. (53), was also an investor. Securities and Exchange Commission documents reveal that he worked as a board member or consultant for Borqs Technologies.

Wow, this feels like déjà vu all over again. Just substitute the name “Hunter Biden” for “Paul Pelosi Jr.” and the story would still sound credible.

For his “consultancy,” Pelosi was given 700,000 shares of stock in the company. At one time he was the second-largest shareholder in the Beijing-based firm, although it’s unclear if that’s still the case today. It must have been nice, regardless. Borqs is a telecoms company specializing in the “Internet of Things” products and is “listed on the Nasdaq stock exchange with a current market capitalization of $22 million,” according to the Mail.

NEW: Nancy Pelosi’s son — who secretly joined mom on her controversial trip to Taiwan — is a top investor in Chinese telecoms company, despite House Speaker’s campaign to tackle China’s corporate influence in the US https://t.co/kjPu3RdWxL

— RNC Research (@RNCResearch) August 11, 2022

This news is concerning because Paul Jr. recently accompanied his mother on an official Taiwan trip. Why was he there? His name did not appear on the official delegation list released by the Speaker’s office; it was only after press inquiries that her spokesman revealed that Paul was acting as her “escort” for the trip. (Wish they’d picked a different word, but that’s just me.) Pelosi had been appointed to the boards of two lithium mining companies in 2020 and 2021—and Taiwan is a lithium mining capital. Coincidence?.

Meanwhile, Pelosi’s husband Paul Sr. has been in the news too with a recent DUI arrest and highly questionable stock trades. As RedState’s Jim Thompson reported in July:

Paul bought $5 million in stock options (20,000) in Nvidia – a computer-chip company that makes chips used in advanced computer gaming. It was just by chance that this happened before a vote in Congress next week, which will give $52 billion in subsidy to the domestic semiconductor industry.

I don’t know about you, but that sure sounds like insider trading to me. Charlie Kirk put it nicely in 2019,

Democrats are interested in seeing the tax returns of billionaires who have become politicians.

Wouldn’t a smart person want to see the tax returns of politicians who became millionaires in office?

🤔

— Charlie Kirk (@charliekirk11) May 12, 2019

What is it with these politicians’ spawn getting these lucrative gigs that they often don’t even seem qualified for? Joe Biden’s son Hunter traveled aboard Air Force Two with his father to China in 2013. Of course, now we know he made millions in “boards of directors” jobs in the country. He earned serious cash as he was on the board at Burisma, Ukraine’s gas firm.

John Kerry’s stepson Chris Heinz was a business partner of Hunter Biden, but even he realized that serving on the Burisma board stunk to high heaven, so the two parted ways. “The lack of judgment in this matter was a major catalyst for Mr. Heinz ending his business relationships with Mr. [Devon] Archer and Mr. Biden,” Heinz spokesman Bastardi told the Washington Post.

Many more politicians’ relatives and their children are named on the boards of directors for vaguely-sounding businesses. The Swamp is a profitable location for all your family members.