Press Release: ICYMI De Gregorio is Taking on Gottheimer, All CD5 Candidates on Stock Trades

March 7, 2022

No one should profit from public service – period.

De Gregorio hits Gottheimer on reported Russian-tied stocks
Joey Fox | New Jersey Globe
March 7, 2022

Nick De Gregorio, a Republican running for Congress in the 5th district, slammed Rep. Josh Gottheimer (D-Wyckoff) late last week over a report by Insider that Gottheimer owns stocks in several Russian companies. “At a time when our democratic allies in Ukraine are being hunted and slaughtered by the Russian army, Josh is personally invested in the oligarchic lifeline that allows Vladimir Putin to engage in this unchecked and unprovoked aggression against a free people,” De Gregorio said in a statement. “He needs to sell these assets immediately.”According to Insider, Gottheimer owns between $2,000 and $30,000 worth of depository receipts in Lukoil, a major Russian petroleum company, and between $1,000 and $15,000 in Russian internet services company Yandex.

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On Twitter: Nick calls out Josh’s attempt to divert attention away from his personal financial support of Russian oligarchs, status as top day trader in Congress

“Rep. Josh Gottheimer (D-N.J.) has reported more stock purchases and sales during the past two years than any other member of the U.S. House of Representatives, according to an Axios analysis of data from the House Stock Watcher.” Read more

Op-Ed: It’s time for Josh Gottheimer, the rest of Congress to stop trading stocks
Nick De Gregorio 
Save Jersey

When I returned home from Afghanistan, I went back to school on the GI Bill and eventually found a job at a bank. It was an entry-level position, but even at the bottom of the corporate ladder, I had major restrictions placed on me when I wanted to buy or sell stock. It made a lot of sense: with more information than the average American at my fingertips, it would not have been fair for me to make certain investments and profit where others could not.

The information I had at the bank pales in comparison to the information Washington elites have at their disposal. And yet, they trade freely and shamelessly. Nancy Pelosi recently refused to hold a vote on bipartisan legislation that would have placed stock restrictions on our elected officials. My opponent, Josh Gottheimer, must have breathed a sigh of relief. Despite a salary of $174,000 as a representative of the Fifth Congressional District, Josh bought and sold over $60 million in call options last year. Not $60 million in his lifetime. Not $60 million during his six years in Congress. But $60 million last year alone. And now, it has come to light that Josh has been creating pop-up fundraising committees to funnel private equity money into his campaign coffers. Where is the honesty, the integrity, and the transparency that we, his constituents, deserve?

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