Dem Rep. Malinowski accused of failing to disclose stock trades totaling more than $500K

Another Democratic elected official is on the receiving end of some serious allegations.

According to the Washington Examiner, U.S. Rep. Tom Malinowski (D-NJ) has been accused by two organizations of engaging in more than half a million dollars worth of undisclosed stock trades.

“Failed to disclose 90 stock trades”

The Campaign Legal Center and the Foundation for Accountability and Civic Trust have sent letters to the Office of Congressional Ethics to recommend an investigation into the matter.

As FACT stated in its letter, “it was reported that Representative Malinowski failed to publicly disclose 90 stock trades worth between $671,000 and $2.75 million in 2020.”

The congressman’s claim that his failure to reveal the information was just an “oversight” without bad intent, but FACT dismissed the excuse.

“Although his office acknowledged it was an ‘oversight,’ it is also a violation of the law that must have consequences,” the letter continued. “The disclosure requirement our elected officials must abide by are an integral part of an ethical and transparent government.”

The group further accuses the congressman of focusing his investment strategy around stocks he knew were likely to benefit from the COVID-19 pandemic, including those related to healthcare and home exercise equipment.

“Requires accountability for any member of Congress”

As the letter concluded: “It appears Malinowski was secretly trading stocks related to a national crisis, which prevented the public from evaluating whether his transactions were based upon information he obtained from his official position”

Striking a similar tone, the Campaign Legal Center wrote that federal law “requires accountability for any member of Congress who fails to report stock trades within 45 days of the transaction.”

Furthermore, the group determined that Malinowski “repeatedly failed to comply with this requirement for over two years” and “describes this omission as an ‘oversight’ even though he is an experienced investor and former political appointee who has been subject to the STOCK Act for over five years.”

That legislation “will not accomplish its intended purpose, which is to provide more disclosure of congressional stock trading and combat insider trading” unless such violations are addressed.

For her part, Malinowski spokesperson Amanda Osbourne denied that he acted nefariously, claiming that it “was not an effort on the part of the congressman to conceal any trade activities.”

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43 Responses

    1. Yep along with J Biden and Pelosi and Schumer how long are you Americans going to let these criminals get away with the destruction of our country? President Trump had a lot of these issues settled now comes the Democrats destroying just about everthing?

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  2. Did he come in as a pauper? Now he’s rolling in the high green bucks. Who is he serving? Us or himself? Inside trader information??
    Oh yeah! I almost forgot, He’s upkeeping the ol Dmoncrud traditions.

  3. They, politicians, think they can get away with things just because of who they are. Maybe what he makes off the stocks will suffice for lost pay from, I hope, losing his position. We need more checks on people, i.e. Pelosi and her entourage of congress, they would never tell on each other, till they got angry. We common folk have many watching us, so why not watch the wealthy?

  4. Rule one for chooseing candidates for office. Select the ones that are already rich, they will have much less inscentive to pursue corrupt get rich schemes.
    IE, more Trumps, fewer Bidens and Clintons.

  5. Well, was Pelosi confronted against her and her husband’s dealing with buying stocks in December for buying stocks in Tesla. That is also something that is against the fact that it was in fact, against ethics committee. I think that was totally unethical.

  6. All legislators should be held responsible, but why did you make no noise regarding the 2 senators from Georgia who unequivically made trades and profits from imfo they gained from their committee positions. It would seem like you only call it out, when it may serve your political position

  7. typical democrat engaging in corrupt dealings and as usual the other democrats are covering up for him. It seems all democrats are doing all kinds of illegal and corrupt things and the democrat party covers up for them. why is it that the Bidens are all involved in corrupt and illegal dealings and they are being covered up? All of the so-called investigations are never revealed and evidently swept under the rug and never prosecuted.

  8. Covid relief package is on the way to help him with his self inflicted debacle. No different then what mismanaged democrat controlled third world cess pools are getting with this bailout. So thankful I get to help fund shallow thinking nit wits.

  9. I’m sure he is not the only Democrat to do this, how do you think they all got so rich? This is terrible, he needs to resign, as Republicans had to do when they did the same thing! Then on to jail!

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