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Corrupt Pelosi & Here Wealthy Husband Get PPP-Nancy Pelosi’s husband among lawmaker-linked

by repost
Corrupt Nancy Pelosi's wealthy husband received PPP loan funds.
Nancy Pelosi’s husband among lawmaker-linked PPP loan recipients

By Steven NelsonJuly 6, 2020 | 6:55pm | Updated
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A firm partially owned by House Speaker Nancy Pelosi’s husband was among the lawmaker-linked businesses that got Paycheck Protection Program loans, according to data released Monday.

Companies owned by or associated with Reps. Mike Kelly (R-Pa.), Kevin Hern (R-Okla.), Markwayne Mullin (R-Okla.) and Rick Allen (R-Ga.) also received the coronavirus loans. Businesses linked to Reps. Roger Williams (R-Texas), Vicky Hartzler (R-Mo.), Susie Lee (D-Nev.) and Debbie Mucarsel-Powell (D-Fla.) previously reported they got loans.

Pelosi spokesman Drew Hammill said her husband, Paul Pelosi, is “a minor, passive investor in this company. He was not involved in or even aware of this PPP loan.”

Hammill told The Post that Paul Pelosi owns 8.1 percent of EDI Associates, which got a loan of between $350,000 and $1 million. The company invests in the El Dorado Hotel in Sonoma, Calif. Pelosi’s stake is worth between a quarter-million and half-million dollars, according to official disclosure forms.

PPP loans can be converted into grants if companies with up to 500 employees, and in some cases more, spend 60 percent on payroll. In two deals brokered in part by Nancy Pelosi, Congress overwhelmingly approved $670 billion for the program.

Spokespeople for Kelly, whose car dealerships got between $450,000 and $1.05 million, and for Allen, whose construction firm got between $350,000 and $1 million, also said they were uninvolved in seeking loans.

Mullin, whose plumbing companies got $800,000 to $2.05 million, and Hern, whose McDonald’s franchises got between $1 million and $2 million, did not immediately respond to requests for comment.

Andrea Porwoll, a spokesman for Allen, said he “relinquished majority stake of the company and he and his wife no longer hold decision-making authority,” but that “our office has consulted with the U.S. House of Representatives Office of General Counsel and is confident the company, like businesses around the country impacted by COVID-19, is eligible to receive a loan under the Paycheck Protection Program after doing their due diligence and applying in good faith.”

Andrew Eisenberger, a spokesman for Kelly, said the congressman “is not involved in the day-to-day operations of his auto dealerships and was not part of the discussions between the business and the PPP lender.”

“Kelly’s small family business employs more than 200 western Pennsylvanians whose jobs were at risk because of Governor Wolf’s business shutdown order,” Eisenberger said.

“The Paycheck Protection Program was designed to sustain the income of workers who would otherwise have been without pay or employment at no fault of their own during the coronavirus pandemic, and organizations in which members of Congress have an ownership stake were not prohibited from receiving PPP loans to help their employees during this difficult time.”

The Small Business Administration list released Monday specifies about 660,000 loan recipients, and the data may contain additional lawmaker-linked firms.

Sen. Joni Ernst (R-Iowa) proposed legislation this year to force disclosure of loans linked to lawmakers and their families.

The original four lawmaker-linked companies to get loans included Lee’s husband’s casino business Full House Resorts taking $5.6 million, according to a Securities and Exchange Commission filing. The freshman congresswoman had lobbied the SBA and Treasury Department to allow casinos to be eligible.

A car dealership owned by Williams, who is one of the wealthiest members of Congress, said it received a loan, and Hartzler disclosed that farm and equipment businesses owned by her family got about $480,000 in loans.

Mucarsel-Powell’s husband works as a lawyer for the Fiesta Restaurant Group, which received $15 million in loans but returned the money when other restaurant chains came under scrutiny. Her office told news outlets he was uninvolved in the loans.
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