Paul Pelosi Jr. is the son of Nancy Pelosi and her husband, Paul. As prominent Democrats, they have been able to use their considerable influence to acquire wealth and to pave the way for their son to become wealthy.
That way got a little muddled on Wednesday when the Securities and Exchange CommissionÂ chargedÂ a company which was co-founded by Pelosi Jr with fraud. It seems that they had two previously convicted securities criminals at the helm.
Pelosi Jr. founded and was the president and Chief Operating Officer of Natural Blue Resources Inc., an investment company specializing in â€œenvironmentally-friendlyâ€ ventures.
Itâ€™s no surprise that the Pelosi family is involved in making money off of the environment, given the fact that Nancy was the one who first introduced the UN Agenda 21 mandates into the House back in 1992. Theyâ€™ve been pushing the green energy conversion since before then.
Mandated â€œenvironmentalismâ€ makes great financial sense for them personally, although it carries a heavy price tag for the nation.
Four individuals were charged with fraud, including former New Mexico Governor Toney Anaya.
The SEC alleges that the company was â€œsecretly controlled by James E. Cohen and Joseph Corazzi. Both men have previous convictions for fraud, with Cohen having been incarcerated.
The two claimed to be â€œoutside consultants,â€ but are alleged to have actually been the persons managing the operation, to the tune of hundreds of thousands of dollars in profits.
The SEC also announced that the company has failed to file any periodic reports with the SEC in the last four years, which they are required by law to do.
A fourth individual, Erick Perry is also accused, as is Anaya, of misleading investors by failing to disclose the involvement of Cohen and Corazzi in the company.
Paul Pelosiâ€™s current connection to the company is a point of contention which is still being established. He is still listed as the president with the New Mexico Office of the Secretary of State, Business Service Division.
He founded the company in 2009, with a stated mission to â€œcreate, 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.â€
With the EPAâ€™s new interest in regulating all of the private land in the United States by regulating all of our water, one has to wonder just how Ms. Pelosiâ€™s son might have been planning on profiting from the business opportunities her green agenda were creating, at our expense.
Rick Wells is a conservative author who recognizes that our nation, our Constitution and our traditions are under a full scale assault from multiple threats. Please â€œLikeâ€ him on Facebook, â€œFollowâ€ him on Twitter or visitÂ www.rickwells.us