Rules not apply: Another day, more insider trading alleged among Democrats in Congress


This article contains partial editorial content which is the opinion of the author. 

WASHINGTON, DC- We’ve previously reported on the unbelievable “luck” members of Congress have when it comes to making stock trades. In fact, nobody appears to be “luckier” than Speaker Nancy Pelosi (D-CA).

Last week, when notified about a number of House members who failed to fulfill their legal obligation by reporting certain trades, Pelosi said that she didn’t think Congress should be banned from trading in stocks.

Now, another House Democrat is under scrutiny for violating federal law.

A non-partisan watchdog group, The Foundation for Accountability and Civic Trust (FACT), is demanding an investigation into Rep. Kim Schrier (D-WA), a member of the House Energy and Commerce Committee.

The group claims Schrier had failed to properly disclose up to one million dollars in Apple stock sales, an apparent violation of federal law, Breitbart reports.

FACT filed a complaint with the Office of Congressional Ethics (which means it likely won’t go anywhere) in which they are seeking an investigation into Schrier failing to disclose the Apple stock transactions, purchased inside a jointly held family trust.

FACT emphasized that Schrier sits on a committee whose jurisdiction includes “electronic communications and the Internet,” “privacy, cybersecurity, and data security” and “consumer protection and product safety’—all of which could possibly impact Apple’s stock price.

According to Forbes, the stock was purchased July 27 through the jointly-held family trust, however the required transaction report wasn’t filed until November 12, several months after the required deadline.

A spokesperson for Schrier claims that she was unaware of the transaction until after the purchase was made, claiming such transactions are made by her husband, the same claim made by Pelosi. 

“As soon as she became aware, she filed the required report,” the spokesperson said.

FACT however, dismissed that excuse:

“There is no excuse for violating this law, and if Members were allowed to claim they didn’t know about transactions then the law would be completely ineffectual and unenforceable.”

Yet another purchase of Apple stock was made by Schrier and her husband in the amount of between $250,001 and $500,000 on October 28, however in this case managed to report the purchase on time, doing so on November 18, according to Sludge.

They also reported that Schrier’s previous annual financial reports indicated, “In 2020, Schrier and her spouse sold all shares of a previous stake they held in Apple and collected between $1 and $5 million in capital gains and dividends income.”

Sludge also shed light on what types of bills Schrier’s committee is responsible for, and also letters the chair of the committee has issued in the past:

The committee’s chairman, Rep. Frank Pallone (D-NJ) has sent Apple CEO Tim Cook two letters this year related to privacy issues, a strong indication that these issues could come before the committee in the form of a hearing or legislation.

One letter sought information about when the company learned about security issues with group FaceTime calls, while the other urged the company to review its privacy labels for apps, in light of reports suggesting they are misleading.

The Open Apps Market Act, which would require companies like Apple that control operating systems to allow third-party apps and app stores, has been referred to the Energy and Commerce Subcommittee.

The bill would also bar Apple from using non-public information it collects from its app store for developing competing apps, and it would prevent the company from prohibiting app developers from telling consumers that their products can be purchased more cheaply outside the app store.

Breitbart continued that according to FACT’s Executive Director, Kendra Arnold, she noted in a press release that members of Congress must provide transparency, “especially when the Member has oversight of the companies they are buying and selling,” while also admonishing members to “be held accountable when they do not follow the rules set in place.”

“These laws are essentially meant to provide real-time reporting and the 30 or 45 day deadline is the maximum time for disclosure, which must be met especially when the Member has oversight of the companies they are buying and selling.

The disclosure laws are among the simplest rules to follow, and there is no excuse for inaccurate, incomplete, or late filings.

It is essential that our lawmakers are held accountable for their actions, and I encourage the OCE to immediately investigate and apply the proper consequences for violating this law.”

FACT’s complaint read:

“The failure of Members to follow the most basic ethics rules they created leads to public distrust in our elected officials as a whole.  Moreover, the lack of any consequence for Members who break the law leads to the public perception that laws do not apply equally to all.

“We request the OCE investigate Rep. Schrier’s stock trades and apparent failure to file the required timely and accurate disclosures, and impose any appropriate sanctions including fines and penalties,” the complaint added.

The STOCK Act (Stop Trading on Congressional Knowledge) was passed on a bipartisan basis in 2012, with widespread support in both chambers of Congress.

The legislation came about in part after Breitbart News senior contributor Peter Schweizer exposed corruption among elected officials in his 2011 book, “Throw Them All Out.”

The law was passed specifically to prevent the type of “insider trading” we are now seeing in Congress, which has enriched members such as Pelosi. As is typical, there are two sets of rules—one for the “ruling class,”—the rest for the serfs.

Schweizer’s book exposed Pelosi and a number of others, exposing corruption among both Democrats and Republicans. That led to the STOCK Act, which place stricter reporting and ethics requirements on Congress.

Breitbart noted that just a year into the 117th Congress, over 15 Democrats serving have already been accused of violating the STOCK Act, a number of whom have seen ethics complaints sent to the OCE seeking an investigation.

The complaint written by FACT against Schrier may be found here.

Two men arrested and charged with the attempted murder of a Chicago cop after shooting him during a traffic stop

WASHINGTON, DC- When the founding fathers developed our system of government, it was never intended as a means for our political leaders to get wealthy. Yet here we are. The House and Senate are both chock full of very wealthy people, in many cases multi-millionaires.

One of the more flagrant examples of turning a political career into exorbitant wealth is Speaker Nancy Pelosi, who has served in Congress for nearly 34 years. During that time, Pelosi has managed to amass a net worth of $315 million as of 2020, according to a Watters World investigation by Fox News’ Jesse Watters.

Watters started looking into Pelosi after her pork-laden improperly named “infrastructure” bill failed to gain traction in Congress as members of her own caucus couldn’t reach an agreement. Watters condemned Pelosi’s policies, slamming them for making it “harder and harder for average Americans to accumulate wealth,” while saddling them with confiscatory taxes and “destroying the dollar with reckless spending.”

While average Americans have difficulty accumulating wealth, members of Congress have no such issues, especially Pelosi. While her salary as Speaker earns her a salary in the low six-figure range, Crazy Nancy sits as one of the wealthiest members of Congress.

Watters was curious to know what Pelosi’s secret sauce was and the answer came in the name of her husband, Paul Pelosi.

“After they got married, Paul opened up a real estate and venture capital firm. And through his connections, he pushed Nancy into the political world, helping her get elected to Congress in 1987,” Watters said.

“The couple has timed the market perfectly over the years, while Nancy’s been a Washington insider,” Watters said. “Real estate, stocks, the Pelosi’s always know what the right investment is.”

Among the Pelosi’s holdings include a mansion in Napa Valley worth a tidy $25 million, a waterfront condominium in Washington, D.C. worth over $2 million, and a brick mansion in California’s Pacific Heights. Not bad for low six figures.

Watters found however that wasn’t all of the Pelosi’s real estate fortune. Watters noted that Paul Pelosi owns commercial properties in San Francisco which “combined [are] worth up to $50 million.”

The year 2018 began to accelerate the Pelosi’s wealth, when it exploded.

“That year, her financial disclosure report revealed a net worth of over $114 million. IN 2019, Pelosi’s assets total up to a whopping $271 million and in 2020, those numbers went up even more to as high as $315 million,” an increase of nearly 300%.

Not bad for three years of investment.

The Pelosi’s haven’t only earned their money in the real estate market.

“In 2007, Visa worried the new Democrat Congress would target their swipe fees, costing them billions. So they hired a team of lobbyists who descended on Pelosi,” Watters said. “”Visa’s CEO personally met with her. She got donations from them. One of his advisers left and became a Visa lobbyist himself.”

After this, an amazing stroke of luck befell the Pelosi’s.

“Suddenly, Paul Pelosi got a phone call from his broker. He was in luck,” Watters continued. “Paul was offered a prescreened invite to get in early on Visa’s $18 billion IPO. Did Nancy and her husband hesitate? No, they bought between $1 million and $5 million worth of Visa stock.

But it gets better. While Pelosi was speaker, bills that would have hurt Visa’s stock price were blocked in the House, with Visa’s shares going up over 200 percent during the time, making the Pelosi’s a fortune on paper.”

“In January [2021], the Pelosi’s got a million dollars of Tesla stock right before Joe Biden announced electric car incentives in June. The Pelosi family cashed in big time just before Congress was set to pounce on Big Tech. Mr. Pelosi exercised options on Google’s parent company, Alphabet, making an easy $5.3 million.”

In most places that is called “insider trading.” Remember last year when former Georgia Sen. Kelly Loeffler and others were excoriated by the media for seizing on the COVID-19 pandemic by making some convenient stock moves? Pelosi makes Loeffler look like an amateur, yet all  we hear are crickets.

But wait, there’s more.

“In March, Paul Pelosi exercised $2 million worth of Microsoft options, just two weeks before the tech giant got a $22 billion contract to equip the U.S. Army with high tech headsets,” Watters said.

“The Pelosi’s have never been indicted for insider trading, but her marriage investments and access, combined with extremely fortunate timing, have created a lot of suspicions [emphasis added] All we’re doing is following the money, and there sure is a lot of it,” Watters concluded.

Remember this the next time Pelosi talks about “millionaires and billionaires.”

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For more on the Pelosi’s impeccable timing, we invite you to:


WASHINGTON, DC- Remember when Democrats had a meltdown after some Republicans sold stock just prior to a stock market retraction last year? So do we. 

So it will be interesting to see the reaction now that it has been revealed that Paul Pelosi, husband of House Speaker Nancy Pelosi (D-CA) bought call options in Amazon.

Normally this might not be a huge deal, but given that it occurred only six weeks before the Pentagon announced it had canceled a multi-billion-dollar contract with Microsoft in favor of a new one which will likely benefit—wait for it—Amazon, Breitbart reports. Swamp? You decide. 

This week, the Biden Pentagon announced cancelation of its multi-billion dollar JEDI cloud services contract with Microsoft while announcing a new initiative that Amazon would be able to compete for.

Amazon was widely believed to be the front-runner for the JEDI contract when it was initially conceived in 2017, however it was ultimately given to Microsoft in 2019.

Amazon sued, claiming they were overlooked in favor of Microsoft due to personal animus from then-President Donald Trump against Amazon CEO Jeff Bezos, who owns the Washington Post. The Post of course was one of the major publications with a major case of Trump Derangement Syndrome.

In announcing the new contract called “Joint Warfighter Cloud Capability, or JWCC, it was described as a “multi-vendor” and “multi-cloud” platform, and both Microsoft and Amazon have been named as the top two contenders.

The Department intends to seek proposals from a limited number of sources, namely the Microsoft Corporation (Microsoft) and Amazon Web Services (AWS), as available market research indicates that these two vendors are the only Cloud Service Providers (CSPs) capable of meeting the Department’s requirements.

However, as noted in its Pre-Solicitation Notice, the Department will immediately engage with industry and continue its market research to determine whether any other U.S.-based hyperscale CSPs can also meet the DoD’s requirements. If so, the Department will also negotiate with those companies.

In announcing the above, the Pentagon’s Acting Chief Information Officer John Sherman said that although there is no guarantee, it is expected that both Microsoft and Amazon will “likely” be awarded parts of the new contract, he said during a conference call.

Pelosi’s husband’s “timing” was impeccable, as after the announcement, Amazon’s stock prices closed at a record high of $3675.74, which bested its previous closing record of $3,531.45 in September of last year, according to MarketWatch.

That record close coincided with the first day as Amazon’s new CEO for Andy Jassy. The close was Amazon’s best single-day percentage gain since November 4, 2020, the report said.

In a statement, Amazon said they welcomed the Pentagon’s decision:

We understand and agree with the DoD’s decision. Unfortunately, the contract award was not based on the merits of the proposals and instead was the result of outside influence that has no place in government procurement.” Amazon is apparently unfamiliar with the “issues” involved in government procurement procedures.

“We believe this is a clear positive for Amazon and potentially negative for the third-party data centers,” Raymond James analysts wrote in a note about the Pentagon’s decision, MarketWatch reported.

“We believe the shift to Amazon further cements its position as a leading cloud provider, particularly to government agencies.” With that in mind, does anybody expect the government to do anything to break Amazon’s stranglehold on the marketplace?

On May 21, Paul Pelosi bought call options worth between $500,001 and $1 million. On that day he also purchased Apple call options worth between $100,001 and $250,000. Those transactions were found on Nancy Pelosi’s latest financial disclosure report filed on July 2.

Breitbart noted that in reviewing Pelosi’s financial disclosures going back to 2009, they found that Paul Pelosi’s timing was impeccable surrounding JEDI-program related stock purchases.

The search for an updated cloud solution began in mid-2017 under then-Defense Secretary Jim Mattis and Deputy Defense Secretary Patrick Shanahan. The Pentagon was seeking the ability for the Department of Defense to access and share data faster.

On July 26, 2018, the Pentagon released its final request for proposals (RFP) for the JEDI program. Only one day after, on July 27, 2018, Pelosi’s husband made his first purchase of Amazon call options.

Just three months later, on October 12, 2018, Pelosi purchased additional call options worth as much as $6,000,000. But remember, Pelosi is for the poor and downtrodden.

The next year, a federal judge dismissed a lawsuit from Oracle America, which sued the Pentagon when they were excluded from bidding on the contract.

That decision, on July 12, 2019 cleared the way for the Pentagon to award the contract to either Microsoft or Amazon. It was Amazon’s attorneys that defended the contract in this case.

Just ten days later, Pelosi made an additional purchase of Amazon call options worth an additional $1 million.

Former President Donald Trump intervened four days after, stating he wanted to ensure that the JEDI contract wasn’t biased toward Amazon.

In October 2019, the Pentagon awarded the contract to Microsoft, whereby Amazon filed a lawsuit arguing the Trump administration had interfered in the process. Amazon secured a restraining order preventing Microsoft from starting the project.

More stock purchases by Pelosi came in the midst of positive developments for Amazon.

On April 28, 2021, Amazon survived a motion to dismiss its case. Just a few days later, Deputy Defense Secretary Kathleen Hicks said on April 30, 2021, that the Pentagon was going to review the JEDI contract. Just under one month later, Pelosi purchased more Amazon call options worth an additional $1 million.

The Pentagon’s decision while not unexpected, came about suddenly and put an end to the legal back-and-forth between the Pentagon and Amazon. Breitbart said they reached out to Nancy Pelosi’s spokesperson, but did not receive a response.

In a separate report, Fox Business noted the purchase of the Amazon call options, the Apple call options and the exercising of Alphabet (Google) call options came just a week prior to the House Judiciary Committee passing antitrust legislation targeting Google, Amazon, Apple and Facebook.

In a laughable statement, a Pelosi spokesperson told Fox Business:

“The speaker has no involvement or prior knowledge of these transactions, while adding, “The speaker does not own any stock.”

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Last year, we reported on a United States Senator who dumped stock just before a huge market downturn which had heads turning. For more on that, we invite you to:


Washington, D.C. – We are all familiar with the Democratic charge to have the President impeached over false allegations. Sadly, the current front runner for the Democratic ticket, Joe Biden, has admittedly done the very thing that they wanted to impeach Trump for. And Democrats are turning a blind eye to that fact. 

Apparently, there is a difference between the two major parties bigger than politics…and it’s called  accountability.

Richard Burr is a Republican Senator from North Carolina. And conservatives are calling for him to be held accountable.

Burr allegedly dump $1.56 million in stocks, which included shares of hotels and resorts. Selling off stock, in and of itself is not a big deal. 

But when you are being briefed daily on what could happen to the economy as the chair of the Senate Intelligence Committee, and you sell off close to $2 million just days before the stock market takes a nosedive…it becomes a very big deal. 

“Senator Burr filed a financial disclosure form for personal transactions made several weeks before the U.S. and financial markets showed signs of volatility due to the growing outbreak,” his spokesperson said.

“As the situation continues to evolve daily, he has been deeply concerned by the steep and sudden toll this pandemic is taking on our economy.”

According to ProPublica, his biggest sales included companies that are among the most vulnerable to an economic slowdown.

He dumped up to $150,000 worth of shares of Wyndham Hotels and Resorts, a chain based in the United States that has lost two-thirds of its value.

And he sold up to $100,000 of shares of Extended Stay America, an economy hospitality chain. Shares of that company are now worth less than half of what they did at the time Burr sold.

The assets come from accounts that are held by Burr, belong to his spouse or are jointly held.

On his show Thursday night, Tucker Carlson did not hold back.

“There is no greater moral crime than betraying your country in a time of crisis,” Carlson said. 

Carlson went on to say that Burr needed either to resign and face prosecution, or come out with an “honest explanation” of how he knew to offload all that stock just one week before the market drop by 30% if you weren’t guilty of insider trading. 

“He had inside information about what could happen to our country, which is now happening, but he didn’t warn the public,” the conservative Fox News host said in response to the report.

“He didn’t give a prime time address. He didn’t go on television to sound the alarm.”

Burr was not alone in selling of stocks. Georgia Republican senator Kelly Loeffler also started making changes to her portfolio. All but 2 of her 29 transactions were sells. One of her purchases were stocks in Citrix, which is a “teleworking” software. 

It is almost as though someone knew ahead of time that there would be a surge in people working from home. 

While many stocks went down in value, Citrix is up marginally. 

It should come as no surprise that when the Senate was being briefed, Burr and Loeffler sat next to each other. 

Another noteworthy piece of information about Burr is that in 2012 when the Senate passed a bill called the Stop Trading on Congressional Knowledge Act of 2012, he voted no.

The purpose of the bill to prohibit Members of Congress and employees of Congress from using nonpublic information derived from their official positions for personal benefit, and for other purposes.
In opposing the bill, Burr argued at the time that insider trading laws already applied to members of Congress.
Never one to shy away from going after the spotlight, Alexandria Ocasio-Cortez called for Burr to resign as well. 
Ocasio-Cortez said on Twitter that as chairman of the Intelligence Committee, Burr “got private briefings about the pandemic weeks ago. Burr knew how bad it would be.
He told the truth to his wealthy donors, while assuring the public that we were fine. THEN he sold off $1.6 million in stock before the fall. He needs to resign.”
Congressman Joaquin Castro said that Burr’s selling off the stock ahead of the markets’ being hit is precisely the problem and that it should be investigated.

“As a member of the House Intelligence Committee, I know that our committee receives sensitive information, including assessments and projections, before others in Congress and the general public (if ever). Senator Burr should suspend his chairmanship pending investigation,” Castro tweeted.

He also added:

“Much of the American Republic believes that the corruption racket in politics revolves around campaign finance. I think more of it revolves around personal corruption, like this example.”

It’s funny how quickly Democrats point a finger at the personal corruption they see in Republicans, yet they remain silent, or even endorse and condone that same type of corruption from members of their own party. 

Just ask Ilhan Omar. She has been accused of funneling close to $370,000 to a firm where the man she was allegedly having an affair with is a partner. 

Oh, let’s not forget that the FBI has been looking into allegations that she married her brother to help him through the immigration process. 

When Omar ran for Congress in 2018, critics raised the issue that her suspicious marriage to Ahmed Nur Said Elmi in 2009 constituted as immigration fraud because Elmi was her brother.

The marriage was later dissolved, but Omar filed joint tax returns with Elmi from 2009 to 2017.

This is where critics also accuse Omar of committing tax fraud.

In 2014 and 2015, Omar filed joint tax returns with a man named Ahmed Abdisalan Hirsi, her current husband.

So, she filed her taxes jointly in 2014 and 2015 with two different men?

This can result in criminal charges if she intended to illegally file the taxes jointly with the intention to cheat on her taxes owed.

Omar’s tax returns are not public, so there is no way to verify this information.

But this raises another question.

Democrats are demanding Donald Trump’s tax returns with no allegations of cheating on his income tax.

So, those on left are quick to point out the alleged illegal activity of Republicans…but when it comes to members of their own party…the silence is deafening.

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