Rep. Tom Malinowski (D-NJ) failed to publicly disclose dozens of stock trades during 2020 at the beginning of the COVID pandemic, according to a Business Insider investigative report.
Malinowski has made government transparency one of the foundational themes of his congressional tenure.
The STOCK Act requires members of Congress to publicly disclose all stock trades within 45 days. Reporter Drew Levinson of Business Insider says Malinowski's stock trading peaked during March 2020 amid the COVID-19 pandemic.
Among Malinowski's reported investments: a company that manufactures COVID-19 tests; quarantine-friendly food product manufacturers (cereal, peanut butter, packaged snacks, etc.); Peloton, a home exercise equipment company); and a luxury car manufacturer.
Malinowski reportedly earned between $671,000 and $2.76 million in stock trades during 2020.
A spokesman for Malinowski said he was not intentionally concealing his trading activities. His office characterized any lapses as an "oversight", according to Business Insider.
The congressman's office told Business Insider that Malinowski recently filed all missing stock trade disclosures, and said that he is willing to pay a fine for the non-compliance, if necessary.
Read the full story (behind paywall) at link:
Michael Mercer says
Thank you for setting such a powerful example for the media, and even the country, by standing up for what’s right. You are an inspiration. I thoroughly enjoyed reading Slanted, and look forward to your future work. Keep up the good fight!
Bobby Self says
Covert19 PBGC > 86 billion
In response to the OIG auditors’ question regarding whether PD officials took steps to avoid OGC oversight, one former PD official stated, “We all did” because OGC’s reviews were an obstacle to finalizing contracts.
Issuance of Final Audit Report, Internal Controls Must Be Strengthened to Promote Procurement Integrity
(Report No. AUD-2021-01) IG Nick Novak
86 billion open biden per Aunt Nancy?
If i made that much i wpuldnt be worried about a fine either. This type of stuff needs t9 be looked into more but on the larger level.
Wait you are saying that the two senators from GA. aren't the only ones who profited from insider trading???
Sharyl Attkisson is the reporter who exposed Fast and Furious criminal operation to legislate more gun control here via Mexico's crime. She also help exposed Spygate; Rod RodentSwine directed planting fake evidence (classified material) on her computer in order to "Snowglobe" her and silence her for the corrupt Team Obutthole-currently in control now.
The dots connecting:
The History of Sharyl is rather interesting:
Douglas Mccusker says
That's why these crooks go to Washington...to improve their financials at OUR expense. If you or I traded based on INSIDER INFORMATION, we'd go to jail. These politicians are EXEMPT and when they don't comply with their ludicrously meager 'reporting' requirements, it's merely an "OVERSIGHT"...and NOTHING ever happens. It's absolutely terrible that WE THE PEOPLE have to endure this two-tiered 'justice' system.
Thanks for all that you do. It's enlightening, to say the least.
jim Campbell says
You don't miss a thing Sharyl, you put the J back in Journalism, I'm a subscriber.
I always forget that I earned millions in stock trades, doesn't everyone?
Banksy Chase says
When Gov. DeSantis asked Fauci how much he made on the scamdemic--this was merely the tip of the corrupt iceberg. "Follow the money" applies to the entire medical-pharma-health realm as much as any Wall St racket.
Harry Hall says
Yes of course, do you doubt there isn't any inside trading going on between the wolves watching the thieves? It's been SOP for years. Do as I say, not as I do.
Vicki Smith says
How about a fine of $671K to stay out of prison?
Peter Van Dyke says
"A spokesman for Malinowski said he was not intentionally concealing his trading activities. His office characterized any lapses as an "oversight","
Of course it was "oversight". That is what all the guttersnipe weasels say.
The fine should be punitive ---- $3M .
Thank you for the research Sharyl.
It doesn't really matter. Insider trading law doesn't apply to congress. What a scam.
The “fine” should be a loss of his office AND a heafty $$ fine.
So,what is anyone going to do about it?......The DemocRATS own the courts and until that changes,this is all MOOT.
JOSEPH ANGEL says
The guy is a Douchecrat, so no surprises there. The Republicucks are no different. That skinny witch, Loeffler, whose husband owns the NYSE, did the same thing.
Pathologically-lying sociopaths the lot of them.