Nancy Pelosi’s son is ‘second largest investor’ in shady Chinese telecoms company: report

Like president, like speaker …

The Daily Mail has confirmed that House Speaker Nancy Pelosi’s son, Paul Pelosi Jr., is the “second largest investor” in and former board member of a major Chinese telecommunications firm, Borqs, that’s been embroiled in fraud allegations.

“He was awarded 700,000 shares for his services, making him the fifth largest shareholder in the company. After other insiders sold stock in June 2021 he became the second largest — more stock than one of its two co-founders and topped only by CEO Pat Sek Yuen Chan,” the Daily Mail reported Thursday.

Years earlier in 2019, Chinese law enforcement agents in Yunnan Province detained the president and several employees of one of Borqs’ subsidiaries, Yuantel, according to a Borqs SEC filing reviewed by the Daily Mail.

“On September 11, 2019, the Yunnan Public Security Bureau (the ‘Bureau’) detained the president, one employee and one former employee of Yuantel, the MVNO business unit that the Company is in the process of selling, for questioning. Officers of the Bureau also took copies of contracts between Yuantel and Shandong Yafeida Information Technology Co., Ltd. (‘Yafeida’) and a copy of Yuantel’s accounting records,” the filing reads.

“According to an article published online in China on June 10, 2019 by the Economic Report, four persons from the management of Yafeida had been arrested and accused of fraudulent activities, and no further details have been released as of the date hereof. Yafeida purchases SIM cards from Yuantel and other MVNOs and mobile operators in China.”

Does any of this sound familiar?

It coincides almost perfectly with the business dealings of President Joe Biden’s son Hunter, who too has been accused of hobnobbing with Chinese fraudsters. And indeed, this isn’t even the first time the speaker’s son has been linked to fraud.

“Pelosi Jr.’s last job related to telecoms was also for a company mired in a criminal investigation. In 2007 Pelosi Jr. was appointed vice president of a company that was embroiled in an investigation of scam calls that targeted senior citizens, whose CEO was a top Democrat donor,” according to the Daily Mail.

“The speaker’s son got a $180,000 job as Senior Vice President at data company InfoUSA, despite already holding a full-time position as a home loan officer at Countrywide Home Loans in San Mateo and having no experience in database marketing. The company was run by major Democrat donor Vinod Gupta, who had been embroiled in a criminal investigation by the Iowa Attorney General’s Office since 2004,” the outlet noted.

InfoUSA came under investigation over allegations it’d “sold millions of consumers’ data to fraudsters who used the information to scam the elderly, stripping some of their life savings.”

Gupta and InfoUSA managed to stay out of trouble by helping investigators take down the scammers to whom they’d knowingly sold data.

Gupta was later accused of hiring Pelosi Jr. “to curry favor with his powerful mother, though Pelosi Jr. denied it at the time.”

“I don’t think that’s really what happens. I don’t see it that way, but I could see why you’d ask the question… I guess you always wonder why somebody hires you, right?” he said in 2007.

Pelosi Jr. has reportedly been involved with a total of at least five companies that have been probed by the feds for fraud.

But much like the president’s son, Pelosi Jr. has never been charged with anything and thus maintains a squeaky clean record.

He most recently made headlines when he inexplicably flew to Taiwan alongside his mother — much like Hunter had frequently flown to China and other nations alongside his father, then-Vice President Biden.

Questioned this week about him coming along, the speaker denied that he was conducting business.

“His role was to be my escort,” she claimed.

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