Pelosis Take a Big Stake in CrowdStrike
Pelosis Take a Big Stake in CrowdStrike
By Aaron Maté, RealClearInvestigations
October 09, 2020
The cybersecurity firm CrowdStrike rose to global prominence in mid-June 2016 when it publicly accused Russia of hacking the Democratic National Committee and stealing its data. The previously unknown company's explosive allegation set off a seismic chain of events that engulfs U.S. national politics to this day. The Hillary Clinton campaign seized on CrowdStrike's claim by accusing Russia of meddling in the election to help Donald Trump. U.S. intelligence officials would soon also endorse CrowdStrike's allegation and pursue what amounted to a multi-year, all-consuming investigation of Russian interference and Trump's potential complicity.
With the next presidential election now in its final weeks, the Democrats' national leader, Nancy Pelosi, is seizing a different opportunity with the publicly traded firm. Recent financial disclosure filings show that the House speaker and her husband, Paul Pelosi, have invested up to $1 million in CrowdStrike Holdings. The Pelosis purchased the stock at a share price of $129.25 on Sept. 3. At the time of this article's publication, the price has risen to $142.97.
Drew Hammill, spokesman for House Speaker Nancy Pelosi, said: “Speaker Pelosi is not involved in her husband’s investments and was not aware of the investment until the required filing was made. Mr. Pelosi is a private investor and has investments in a number of publicly-traded companies. The Speaker fully complies with House Rules and the relevant statutory requirements.”
The Pelosis' sizeable investment in CrowdStrike could revive scrutiny of the company's involvement in the Trump-Russia saga since the Democrats' 2016 election loss.
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