Top infectious disease expert Dr. Anthony Fauci’s financial records from 2020 revealed investments in several Chinese firms. Given these findings, a Republican senator denounced the Brandon administration’s chief medical adviser for his dishonesty.
According to a Breitbart report, Fauci held investments in Chinese companies through the Matthews Pacific Tiger Fund (MPTF). Its September 2021 fact sheet said that 42.7 percent of investors’ money were directed to companies based in Hong Kong and mainland China.
Three of the 10 companies with MPTF assets are based in China. These include drug manufacturer Wuxi Biologics and technology firms Tencent and Alibaba. Two firms – insurance company AIA Group and Hong Kong Exchanges and Clearing – were based in the special administrative region.
Fauci’s financial records also revealed other investments outside MPTF. His $10.4 million portfolio include stakes in large-cap mutual funds and investment-grade bond funds. He also had investments in the Pax Ellevate Global Women’s Leadership Fund, which promotes the inclusion of women into company leadership positions.
Kansas Sen. Roger Marshall publicized Fauci’s 2020 investment portfolio on Jan. 14, following the director of the National Institute of Allergy and Infectious Diseases (NIAID) calling the lawmaker a “moron” three days prior.
During a Jan. 11 hearing, Marshall asked if the NIAID director was willing to submit a financial disclosure – following the practice of other Congress members and Centers for Disease Control and Prevention Director Dr. Rochelle Walensky. He cited Fauci overseeing $5 billion in federal research grants and receiving an annual salary of more than $400,000, which led to Fauci insulting the senator.
Marshall said in a Jan. 14 statement that Fauci “was completely dishonest about his financial disclosures being open to the public.” He continued: “Fauci lied to the American people: It’s no wonder he is the least trusted bureaucrat in America.”
“Fauci must be held accountable to all Americans who have been suing and requesting for this information, but don’t have the power of a Senate office to ask for it,” the GOP senator concluded.
Fauci raking in windfall from the pandemic
Aside from the MTPF and other investments, Fauci’s records also revealed other sources of income.
He reportedly held a stake at Jackson Filmore Trattoria, an Italian restaurant in San Francisco. The infectious disease expert also received more than $5,000 from the non-profit Partnership for Public Service after being named as its 2020 federal employee of the year. Fauci’s records also reported $8,100 in “honoraria and travel reimbursements” for his virtual appearances in three galas.
The NIAID director also earned between $100,000 and $1 million in royalties from educational publisher McGraw-Hill for a book deal. But his revenue stream does not end upon his retirement – as he is set to receive an annual pension of $350,000. (Related: Fauci to get largest retirement package in federal government history.)
Because of these revelations, Marshall announced his introduction of the Financial Accountability for Uniquely Compensated Individuals (FAUCI) Act – aptly named after the NIAID director. The FAUCI ACT will require administration officials such as its namesake to make their financial disclosures public. These will then be made available through the Office of Government Ethics website for the public to view.
Fauci was earlier accused of profiting from the pandemic following his announcement of his new book. His 80-page book “Expect the Unexpected: Ten Lessons on Truth, Service and the Way Forward” was originally set to hit bookstores on Nov. 2, 2021 – with Amazon and Barnes & Noble offering pre-order copies at $18 each. The two online bookstores later took down the pre-order postings ahead of the release date.
However, GOP congressmen took to social media to denounce the chief medical adviser. North Carolina Rep. Dan Bishop pointed out how Fauci “never missed a paycheck” while advocating other people lost theirs. “His lockdown mandates destroyed livelihoods and threatened our children’s futures. Now he’ll be profiting nicely off it,” the congressman said.
“Profiting from the pandemic with a book deal is truly a new low,” Arizona Rep. Andy Biggs said. (Related: Profiting from the pandemic? Fauci set for book and documentary deal.)
Watch the video below of former presidential adviser Peter Navarro telling Clay Clark why Fauci should be immediately fired.
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