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As pandemic spread pain and panic, congressman chased profit
BRIAN SLODYSKO, Associated Press
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FILE - In this March 10, 2021, file photo, Rep. Tom Malinowski, D-N.J., speaks during a hearing on Capitol Hill in Washington. Malinowski has scolded those looking to capitalize on the once-in-a-century pandemic. But the two term Democrat is not heeding his own admonition. Records show he s bought or sold as much as $1 million of stock in medical and tech companies that had a stake in the virus response. (Ken Cedeno/Pool via AP, File)Ken Cedeno/AP
WASHINGTON (AP) In the early days of the pandemic, New Jersey Rep. Tom Malinowski scolded those looking to capitalize on the once-in-a-century health crisis.
Democrat from NJ profited off the pandemic, revealed records show
WASHINGTON In the early days of the pandemic, U.S. Rep. Tom Malinowski scolded those looking to capitalize on the once-in-a-century health crisis.
“This is not the time for anybody to be profiting off of selling ventilators, vaccines, drugs, treatments, PPE (personal protective equipment), anywhere in the world,” the two-term Democrat and former assistant secretary of state told MSNBC in April 2020.
He did not heed his own admonition.
Since early 2020, Malinowski has bought or sold as much as $1 million of stock in medical and tech companies that had a stake in the virus response, according to an analysis of records by The Associated Press. The trades were just one slice of a stock buying and selling spree by the congressman during that time, worth as much as $3.2 million, that he did not properly disclose.