BREAKING: Nancy Pelosi and her husband appear to have used millions in Covid pandemic grants to make their personal investments, per RealClearInvestigations.
They are in part owners of Piatti Restaurant Company, the California-based pizza and Italian restaurant chain owned in part by Pelosi, which ended up receiving about $15 million in a mix of PPP and RRF grants and forgiven loan.
The Pelosi household, in turn, received up to $1 million in partnership income distributions from their investment in the restaurant in 2021, the year that the company received the bulk of the government assistance.
The investment return that year from Piatti was also the highest in over a decade for the Pelosis. In previous years, they typically earned less than $50,000 from their stake in the pizza chain.