Paul Pelosi, husband of House Minority Leader Nancy Pelosi, will reportedly make millions of dollars from a previously undisclosed real estate venture in Mrs. Pelosi’s home state of California. Mr. Pelosi is a real estate developer and an investment banker and entered into this project with the father of the current Ambassador to Hungary, as reported by The Washington Times earlier this week. Mrs. Pelosi helped the ambassador secure her the post.
Angelo Tsakopoulos, a longtime associate of Mr. Pelosi put together the deal that involves Russell Ranch, a residential real estate project. Mr. Pelosi’s investment has been reported to be worth $5 million and maybe as high as $25 million. He claims to have invested between $1 and $5 million in Russell Ranch about a dozen years ago.
It is important to note that Mrs. Pelosi did not list the investment on her federal disclosure forms until 2010, … Read More ➡