Published: March 30, 2022
By: Patrick Howley
Asa Saint Clair, the close associate of Nancy Pelosi’s son Paul Pelosi Jr., has been convicted of wire fraud for his role in running a scam called the World Sports Alliance, which Paul Pelosi Jr. represented in the country of Ukraine. Saint Clair now faces 20 years in prison when he goes up for sentencing in July, giving him plenty of time to flip on his associates. The Campaign Show with Patrick Howley on Thursday discussed Asa Saint Clair’s conviction.
Damian Williams, a U.S. Attorney, stated, according to the Department of Justice: “As a jury has now found, Asa Saint Clair used lies to defraud everyday people out of their hard-earned money by promising them guaranteed returns if they invested in a IGObit, a digital currency he claimed the World Sports Alliance was developing. Saint Clair touted the WSA as working closely with the UN to promote the values of sports and peace for a better world, while in reality promoting only the balance of his bank accounts.”
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National File has been leading the way in reporting on the Pelosi family’s Ukraine dealings. As National File reported in September: The criminal trial against Asa Saint Clair, a friend and business associate of Nancy Pelosi’s son Paul Pelosi Jr., formally moved into the discovery phase in the U.S. District Court for the Southern District of New York on September 21. The wire fraud case centers on Saint Clair’s dealings as head of the World Sports Alliance, which Paul Pelosi Jr. represented on a business trip to Ukraine. What will discovery turn up in this case? (READ: Pelosi’s Son Tied To Fraud Ring That Tried To Sell Nancy’s Solar Tax Credits For Millions…Pelosi Jr. Associates Have Been Interviewed By The FBI). As Manhattan U.S. Attorney Geoffrey Berman previously announced, “As alleged, Asa Saint Clair used World Sports Alliance, a sham affiliate of the United Nations, as a vehicle to defraud lenders” by offering them IGObit, a fake cryptocurrency. Records show that Paul Pelosi Jr. promoted IGObit.
As we reported: PELOSI JR. DOES BUSINESS IN UKRAINE WITH ACCUSED FRAUDSTER: House Speaker Nancy Pelosi’s son Paul Pelosi Jr. visited Ukraine in 2017 to meet with government officials in connection to a business initiative. Now, National File has learned from overseas that Pelosi Jr. was in Ukraine representing his business efforts with Asa Saint Clair, a close Pelosi friend and self-identified business associate who has been charged by the Department of Justice for wire fraud. Asa Saint Clair is under house arrest facing twenty years in prison.
Video evidence proves that Pelosi Jr. was in Ukraine representing his Corporate Governance Initiative (CGI) and promoting his endorsement from the World Sports Alliance, which shared leadership staff with Pelosi Jr.’s company CGI.
The World Sports Alliance was Asa Saint Clair’s front group that is accused of running a criminal cryptocurrency scam known as “IGObit” as well as international mining operations including in the diamond-rich, wartorn Central African Republic.
WORLDWIDE SCAM
Paul Pelosi Jr. travelled to Kiev, Ukraine in July 2017 in his capacity as executive director of the Corporate Governance Initiative, a position that he accepted months earlier in February 2017. Pelosi Jr. said that he was in Ukraine to discuss a youth soccer partnership with the government, then led by former Ukraine president Petro Poroshenko.
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The American Mirror, which flagged Pelosi Jr.’s appearance in 2017, preserved a clip of Pelosi Jr. on the Ukrainian station following the video’s removal from YouTube. Pelosi Jr. let slip that he was working in Ukraine with a group called the “World Sports Alliance.”
“Today we’re here to talk about soccer,” Paul Pelosi Jr. said in his television interview in Ukraine. “We recently got an endorsement from the World Sports Alliance and we’ve spoken with the Ukraine government about collaboration for soccer for young people. Ukraine has a great history in soccer and we hope to share in that tradition going forward.”
The World Sports Alliance is a front group run by Paul Pelosi Jr.’s good friend Asa Saint Clair, who served as president of the Alliance. Asa Saint Clair now faces 20 years in prison for allegedly running a fraudulent cryptocurrency scheme through the World Sports Alliance. Records reveal that Pelosi Jr. and Asa Saint Clair were directly working with one another during the period of Saint Clair’s alleged criminality.
Asa Saint Clair announced his endorsement of Paul Pelosi Jr.’s Corporate Governance Initiative several months before Pelosi Jr.’s Ukraine trip. A press release dated December 27, 2016 announced Saint Clair’s endorsement of Pelosi Jr.’s company, stating:
“When asked how he became aware of the Corporate Governance Initiative, Mr. St. Clair went on to say “Paul Pelosi Jr is a longtime associate, both business and personal, and when I saw him taking a stance on something my organization deems to be a corner stone of our prosperity, I reached out to him to learn more…
…Nevertheless, without the trust of the public itself, society will break down. That is what is going on in places our company is trying to affect change like Syria, Venezuela and even India tonight and is asymptomatic in the USA as well. Without the establishment of proper corporate governance while working with our member nations, our mission to support the World Sports Alliance IGO cannot even exists let alone succeed…”
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When contacted for comment, businessman and activist Paul Pelosi Jr said, “It was in watching independent directors within TATA Starbucks resign for fear of retribution and then to observe others like Nusli Wadia be forced out of companies like Tata Chemicals even with positive performance evaluations and more than 50% of the independent vote. Not to mention the removal of Chairman Cyrus Mistry, from all evidence I’ve seen, was apparently coordinated by Director Nitin Nohira, Dean of Harvard Business School, who in my opinion, did not ensure a more thoughtful removal process such as proper corporate procedures for the removal of a director or chairman as set by the bylaws, or even attempt to avoid the appearance of a conflict of interest and having a detailed successor plan in place.
As I said before, it has even been suggested by others that Nitin Nohira’s cooperation and support of the instant firing of Mistry may have been influenced by his personal relationship with Ratan Tata and his $50 million donation to Harvard Business School in 2010 coinciding with Nohiras’ appointment. All that to say, this has caused me to take pause and question; is this truly proper corporate governance? I agree whole heartedly with Mr. St. Clair, in fact, I’m reminded of a recent conversation when he essentially said to me, “Society exists in its current condition because we as a whole allow it. We are expected to do our part as citizens; to follow certain rules and act in a way that is morally and ethically correct.
When there is a breakdown in corporate governance, by the same line of thinking, what is to stop thieves and vandals from targeting this corporation? Society as a mob could easily overrun any corporation and eventually put the corporation out of business by ignoring the implied Social Contract we have all currently agreed to be bound by and destroying and stealing the corporation’s property, amongst other things.” I am honored Mr. St. Clair has followed the same path I’ve taken in attempting to ensure companies around the world have a sounding board to assist them in making the right decisions in regards to protecting the rights of all stakeholders in their current and future ventures.'”
Corporate press release passage ends
Here is a screenshot of the press release, still preserved on prweb.com:
The links don’t stop there. The citizen researcher who can be followed on Twitter at @defeattheelites provided assistance for this report. R. Rashaad LV Patrick, the official Global Communications Manager at the World Sports Alliance and member of Asa Saint Clair’s team for the cryptocurrency project IGObit, served as the president of Paul Pelosi Jr.’s Corporate Governance Initiative, according to a deleted “Our Team” page on the CGI website:
Here is Archived evidence from the IGObit “Team” that R. Rashaad LV Patrick was on the IGObit team at the center of the criminal case against Asa Saint Clair.
Records show that Pelosi Jr. endorsed and promoted IGObit, which the Department of Justice calls “The fraudulent bait with which to lure victim investors.” An archive of the IGObit website from January 27, 2018 shows Paul Pelosi Jr. actively promoting IGOBit in his capacity as executive director of the Corporate Governance Initiative. At the time, IGObit was about to make its fraudulent Initial Coin Offering. Pelosi Jr. states that “IGOBit is the absolute best offering I have ever seen.” (Archived)
Now Asa Saint Clair is under house arrest and facing hard time. The Department of Justice, through the U.S. Attorney’s Office in the Southern District of New York, announced charges against Asa Saint Clair on November 6, 2019, declaring:
“Geoffrey S. Berman, the United States Attorney for the Southern District of New York, and Peter C. Fitzhugh, Special Agent-in-Charge of the New York Field Office of U.S. Immigration and Customs Enforcement’s Homeland Security Investigations (“HSI”), today announced charges against ASA SAINT CLAIR for his participation in an investment scheme tied to a purported digital coin offering called IGOBIT. SAINT CLAIR allegedly participated in a scheme to defraud victims into providing loans tied to the launch of IGOBIT by World Sports Alliance, a purported intergovernmental organization focused on promoting international development through sports, and falsely promised investors guaranteed returns and an ownership interest in IGOBIT.
Manhattan U.S. Attorney Geoffrey S. Berman said: “As alleged, Asa Saint Clair used World Sports Alliance, a sham affiliate of the United Nations, as a vehicle to defraud lenders. Saint Clair allegedly defrauded investors in IGOBIT, a digital currency he claimed WSA was developing, but which turned out to be the fraudulent bait with which to lure victim investors. What’s real is the felony charge Saint Clair now faces.”
Special Agent-in-Charge Fitzhugh said: “Saint Claire allegedly touted his company as promoting the values of sports and peace for a better world, yet defrauded all those who invested in his sham company. As alleged, Saint Claire used the money he earned through deceit to fund a lavish lifestyle for him and his family. Through the HSI New York El Dorado Task Force and its strong partnerships, Saint Claire will face time for his actions, and it won’t be in the luxury or comfort he has grown accustomed to.”
According to the allegations in the Indictment unsealed late yesterday in Manhattan federal court[1]and the previously filed Complaint:
From 2017 through September 2019, SAINT CLAIR solicited investors for the launch of IGOBIT through promised investment returns and representations about World Sports Alliance’s development projects around the world. World Sports Alliance did not in fact participate in any international development projects and SAINT CLAIR did not dedicate investor funds to IGOBIT. Instead, SAINT CLAIR diverted those funds to other entities controlled by him and members of his family, as well as to pay his personal expenses, including dinners at Manhattan restaurants, airline tickets, and online shopping.
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