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Nancy Pelosi Filing Shows Disclosure Loophole

Pelosi decided in 2010 to voluntarily disclose the investment because the land had become more valuable, Elshami said. Pelosi first reported in 2010 her husband s investment in Russell Ranch LLC. It was described then as undeveloped residential real estate in Sacramento worth between $1 million and $5 million. In 2011, she listed the value between $5 million to $25 million. In 2009, when Nancy Pelosi was the House s speaker, she had vocally promoted the daughter of her husband s business partner in Russell Ranch as U.S. ambassador to Hungary. Elshami said there was no connection between reporting the investment and the ambassadorship. Eleni Tsakopoulos Kounalakis was confirmed by the Senate for the position.

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