Pelosi’s disclosure belated in husband’s land deal: Partner is father of favored envoy

The Washington Times reports:

House Minority Leader Nancy Pelosi’s husband, a real estate developer and investment banker, stands to make millions of dollars in a previously undisclosed residential real estate project in California as a partner with the father of a woman Mrs. Pelosi helped become ambassador to Hungary, records show.

Paul F. Pelosi’s investment in Russell Ranch is worth at least $5 million and possibly as much as $25 million in a deal put together by his friend and longtime business associate, Angelo Tsakopoulos, patriarch of a multimillion-dollar real estate development firm, according to Mrs. Pelosi’s latest personal-disclosure statement.

Mr. Pelosi said in an email from his wife’s spokesman that initially he invested between $1 million and $5 million in the project a dozen years ago, although its value has shot up recently as the undeveloped land moves closer to being annexed by a nearby city.

Nancy and her husband are guided by altruism in all their "investments"!