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As pandemic spread pain and panic, congressman chased profit - New Delhi Times - India's Only International Newspaper

May 21, 2021
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WASHINGTON 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.
“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. ....

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N.J. Rep. Tom Malinowski chased profit off COVID

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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.
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. ....

United States , North Carolina , Xu Jiang , Duke University , Tom Malinowski , David Perdue , Pramila Jayapal , Georgew Bush , Craig Holman , Kelly Loeffler , Richard Burr , Fanhua Inc , York Stock Exchange , Kimco Realty , Cninsure Inc , Justice Department , Associated Press , Senate Intelligence Committee , Barack Obama State Department , New York Stock Exchange , University Of Minnesota , Office Of Congressional Ethics , New Jersey , Stock Act , Business Insider , Richard Painter ,

NJ congressman chased profit as COVID pandemic spread pain and panic

In an interview Thursday, Malinowski said his failure to file was “a mistake that I own 100%.”
He said the reports, some of which were due over a year ago, have been submitted though not released by the congressional ethics office, which did not respond to a request for comment.
Malinowski said his broker handles all his trading decisions and he does not speak to the firm about specific transactions. His office provided a statement from the firm, Gagnon Securities, stating that it made trades “without Congressman Malinowski’s input or prior knowledge.”
“At no point in the last 25 years have I directed, suggested, or even asked questions about a particular trade being made by my brokerage firm,” Malinowski said. He said the one exception was a request to sell stock that he was obligated to get rid of after joining President Barack Obama’s State Department in 2014. ....

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As pandemic spread pain and panic, congressman chased profit | WHMP 101.5 / 1240 & 1400 AM

16 hours ago
in National
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) Photo: Associated Press
By BRIAN SLODYSKO Associated Press
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. ....

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