The ethics committee continues the Malinowski investigation

The House Ethics Committee will expand its review of the stock transactions and disclosures of Representative Tom Malinowski (D-Ringoes), after the Congressional Ethics Office found there was a “substantial reason” for believe that Malinowski did not properly disclose his stock transactions.

“On the basis of the foregoing information, the Council considers that there are substantial reasons to believe that the Malinowski representative did not properly disclose the shares he bought or sold or did not file correctly [Periodic Transaction Reports] for any of the stock transactions he has carried out, ”wrote the OCE in a report that they sent to the ethics committee.

In March of this year, a Business Insider survey found that Malinowski did not disclose dozens of stock trades he made in 2020. Malinowski said his broker made the trades and he had no knowledge of what they involved; he has since put his actions in blind trust.

Nonetheless, the case was sent to the Congressional Ethics Office, who then referred it to the House Ethics Committee. The committee announced last month that they would provide an update on Malinowski’s case no later than today; they could have officially sanctioned or exonerated Malinowski, but instead chose to continue the investigation.

In response to the committee’s report, Malinowski’s office noted that the committee still had not found him guilty of wrongdoing, and that today’s press release simply signals that the committee is continuing its work.

“The inability of the ethics committee to resolve this issue at that time was the same result for all members included in today’s routine disclosure, and in no way reflects an escalation,” said Malinowski spokesperson Naree Ketudat said.

“Unlike partisan attacks, there are no allegations before the Abuse of Power Committee,” Ketudat continued. “The only issue that was recommended for consideration was the failure to properly file some of his disclosures, an oversight that he always acknowledged and fully corrected.”

Although redistribution may scramble the raceMalinowski is currently locked into what is shaping up to be a tight re-election campaign, possibly against Senate Minority Leader Tom Kean, Jr. (R-Westfield) who narrowly lost to Malinowski in 2020. No report has yet to find Malinowski guilty of wrongdoing, but Republicans have nonetheless repeatedly slammed Malinowski for his stock market operations before the 2022 campaign.

“At a time when Democrats and Republicans can’t agree on much, there is an overwhelming consensus to continue an investigation of Congressman Malinowski,” Kean said. “At a time when New Jersey needs someone to look after its best interests, Congressman Malinowski continues to show that his personal interests come first. The people of New Jersey deserve better. “

The National Republican Campaign Committee issued a statement immediately after the report came out harshly criticizing Malinowski.

“Tom Malinowski just can’t stop breaking the law,” NRCC spokesman Camille Gallo said. “He is a corrupt politician who will be held accountable for his crooked behavior by the people of New Jersey and now, potentially by the House Ethics Committee.”

Ethics of Malinowski

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