Posted on 01/15/2022 3:19:50 AM PST by knighthawk
A Republican senator who grilled Dr Anthony Fauci over his financial disclosures - leading a frustrated Fauci to call him under his breath a 'moron' - has published the public health expert's federal records.
The records show that Fauci - the highest-paid federal employee, who earns more than President Joe Biden - and his wife, the top bioethicist at the National Institutes of Health, have a combined wealth of $10.4 million.
Fauci, 80, has lead the National Institute of Allergy and Infectious Diseases since 1984 and, if he continues until the end of Biden's term in 2024, will have made roughly $2.5 million as the president's chief medical advisor. He earns $434,312 a year as head of the NIAID, where Biden's salary is $400,000.
(Excerpt) Read more at dailymail.co.uk ...
Not a good idea to call a senator a moron when he has access to your financials
Wonder if he is invested in Pfizer or if he and Pelosi discuss the stock market.
Wait, how is it that FauXi, who makes almost double what Nanzi Pelousy makes, is (allegedly) only worth $10 million, when Pelousy is worth (allegedly) more that 10 times as much?
the criminal operation is in high gear
I don’t know this to be a 100% true fact, I’ve heard and read that years ago if a Scientist employed by the Government was awarded a patent, the royalties from that patent were owned by the Government but that rule was changed sometime in past so the scientist can now own their patents even though they were getting paid and funded by the government.
Instead of looking at Fauci’s stock ownership, I would like to see what if any income he’s made by including himself on patents developed by someone under his command.
Given the billions each year spent on Government research, the number of patents held by the US government must be in the 10s of thousands, some I would suspect are partially owned by Fauci...
Look at the potential conflict of interest that’s possible, Fauci funds a lab, that lab develops a new process or product a patent is award that includes Fauci, then the patent is licensed to a private company that Fauci favors who now is paying royalties on the patent that goes directly to Fauci.
Why risk buying stock when you can license something to Pfizer that is much more valuable than purchasing stock and a lot less visible to the public and you potentially do this thousands of times over the course of your career.
His financial disclosure is 1800 PAGES!!!
I would bet most of thier money is OFF SHORE!!
Government needs to be a lot smaller. We’re returning to a de facto feudalism.
And that is just what he declares on his tax financials.
I’m sure that what he has in secret offshore accounts from the drug manufacturers, Bill Gates, Klaus Schwab etc, dwarf what he declares officially.
The word leaks should be replaced with provides in the title. Fauci’s disclosures aren’t supposed to be private.
Tagline.
Fresh Wind wrote: “Wait, how is it that FauXi, who makes almost double what Nanzi Pelousy makes, is (allegedly) only worth $10 million, when Pelousy is worth (allegedly) more that 10 times as much?”
Simple explanation: Mr. Pelosi.
https://fortune.com/2021/07/08/house-speaker-nancy-pelosi-husband-paul-big-tech-stocks/
People forget that the Pelosi family was wealthy before Nancy married into it.
As far as the Fauci statements are concerned:
What’s missing here is a list of the equity funds . . . are they mutual funds that are heavily concentrated in health issues like Biotech and Pharma? That would be more suspect to me than a balanced fund or an Index fund.
Thankfully there are no individual stocks here, as it would be highly inappropriate to own them in his field of expertise and oversight.
One thing that is very interesting is that the majority of the holdings are in a Defined Benefit Plan, which is basically a personal pension plan. That suggests significant pre-tax contributions and there might be some years where he deferred so much income that his effective tax rate would be very low. That would be interesting to see play out if that was true.
All the big leftist "non-profit" giving him payback for releasing the virus so they could steal the election.
Simpler explanation: Criminal insider trading.
FauXi’s $10 million doesn’t pass the smell test.
They’re both crooks, IMHO.
I hate the guy, but the money is in mutual funds, not individual stocks on those statements. There’s no way to trade mutual funds with inside information.
That makes sense. FauXi is such a weasel, I’m sure he’s figured many ways to quietly, under the radar enrich himself without raising red flags. I would not be surprised at off shore accounts either as someone else said.
Fauci and his cohorts earn substantial royalties from the patents on which they are named as inventors. Read RFK, Jr’s book. The gov’t agencies, the Principal Investigators and Pharma are all in it together.
Here’s a clue...
https://www.theweek.in/news/world/2022/01/12/us-dr-fauci-is-the-highest-paid-federal-employee.html
I don't think the rule changed, but what likely did change is the ability of government employees to perform outside work. Public University professors can have side gigs, but they can't commingle research/funds. Sure, right, and that will never happen.
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