FOR IMMEDIATE RELEASE:
CLOVIS, CALIFORNIA (NOVEMBER 6, 2023) – Today, California business owner David Giglio released the following statement demanding former Speaker Kevin McCarthy explain his ties to Sequoia Capital and FTX:
“The time has come for former Speaker Kevin McCarthy to explain his ties to the Chinese Communist Party-linked Sequoia Capital and his decision to shut down the House Intelligence Committee’s investigation into the firm.
America is a nation in crisis, and a big reason for that is because corrupt career politicians like Kevin McCarthy are willing to sell out the American people in their quest for money and power.
The deep-rooted connections between Sequoia Capital and the Chinese Communist Party (CCP), coupled with McCarthy's acceptance of $2 million from FTX, a company backed by Sequoia, as well as over $1 million in contributions from Doug Leone, Sequoia's former managing partner and his spouse to McCarthy aligned PACs, give rise to serious national security concerns.
Leone is also one of the top financiers of Ken Cucinelli’s Ron DeSantis-aligned Never Back Down PAC, which raises more questions about McCarthy’s behind-the-scenes support of Ron DeSantis’ campaign and his unwillingness to publicly endorse President Trump.
The American people deserve to know if Kevin McCarthy’s lust for power drove him to sell out the American people and whether he used his position as Speaker to engage in a cover-up.
I applaud Speaker Mike Johnson’s decision to fire McCarthy’s National Security Advisor Allen Souza and to greenlight Rep. Mike Gallagher and the Select Committee on the CCP’s investigation into Sequoia and Doug Leone.
Investigations such as these, and the answers they provide, will go a long way in helping restore the American people’s faith in our government, our elected officials, and our institutions.”
###