With her new investment in CrowdStrike, Nancy Pelosi — the highest-ranking elected official of a party that has promoted Russiagate above all else — is already profiting from its success.
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, House Speaker Nancy Pelosi, and her husband, Paul Pelosi, are endorsing the publicly traded firm in a different way. Recent financial disclosure filings show the couple have invested up to $1 million in CrowdStrike holdings. The Pelosis purchased the stock at a share price of $129.25 on Sept. 3. The price has since risen above $140.
Drew Hammill, spokesman for 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 in the $500,000-to-$1-million range could revive scrutiny of the company’s involvement in the Trump-Russia saga since the Democrats’ 2016 election loss.
CrowdStrike Posed an Array of Conflicts of Interest
fter generating the hacking allegation against Russia in 2016, CrowdStrike played a critical role in the FBI’s ensuing investigation of the DNC data theft. CrowdStrike executives shared intelligence with the FBI on a consistent basis, making dozens of contacts in the investigation’s early months. According to Esquire, when U.S. intelligence officials first accused Russia of conducting malicious cyber activity in October 2016, a senior U.S. government official personally alerted CrowdStrike co-founder Dmitri Alperovitch and thanked him “for pushing the government along.” The final reports of both Special Counsel Robert Mueller and the Senate Intelligence Committee cite CrowdStrike’s forensics. The firm’s centrality to Russiagate has drawn the ire of President Trump. During the fateful July 2019 phone call that would later trigger impeachment proceedings, Trump asked Ukraine’s Volodymyr Zelensky to scrutinize CrowdStrike’s role in the DNC server breach, suggesting that the company might have been involved in hiding the real perpetrators.
Pelosi’s recent investment in CrowdStrike also adds a new partisan entanglement for a company with significant connections to Democratic Party and intelligence officials that drove Russiagate.
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