Posted on 09/25/2024 12:10:04 PM PDT by ChicagoConservative27
Paul Pelosi, the husband of Rep. Nancy Pelosi (D-CA), sold between $500,000 and $1 million worth of Visa stock, according to public records, just weeks before the Justice Department launched a lawsuit against the credit card company on Tuesday.
The finding raises concerns that many members of Congress trade stocks based on information unavailable to the public.
Seventy-six percent of voters believe congressional members and their spouses have an “unfair advantage” in trading stocks.
Paul Pelosi traded the stock before the DOJ launched a probe into Visa for allegedly monopolizing the debit card market, Bloomberg reported. The New York Post reported the trade: Meanwhile, Christopher Josephs, the tech entrepreneur who runs the “Nancy Pelosi Stock Tracker” on X, posted a screenshot of a congressional filing on July 3 which showed that the former House speaker’s husband, Paul Pelosi, had sold 2,000 shares of Visa worth between $500,000 and $1 million.
The disclosure form shows that Pelosi’s transaction is marked “SP,” or spouse — a reference to husband Paul, the San Francisco-based venture capitalist and real estate investor.
At the time Paul Pelosi sold Visa stock, there was no public indication that an antitrust lawsuit against the company was imminent.
(Excerpt) Read more at breitbart.com ...
COIN IN KEY DINK
Nothing suspicious about that./sarc
Exactly why I’ve never got involved in the stock market. It can be so easily manipulated.
One of the lines casually said by Martha Stewart was “It pays to have good friends telling you things.”
Five months in prison.
He could take over for the old Johnny Carson Carnac the Magnificent skits.👳🔮✉️
Who is the guy with the detestably ugly wife who gives him insider trading timing tips just before events that could lose him a fortune?
Do spouses have insider trading protection?
LOCK HER UP!
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