Many feel that the Pelosi family has long been one of the most crooked dynasties in politics. What Paul Pelosi, the husband of Rep. Nancy Pelosi (D-CA), was just caught doing certainly adds to their infamous reputation.
Over the decades that Nancy has been in politics, her family has been accused of insider trading many times. Nancy has always denied these allegations that have been made against her family. Somehow, she’s managed to dodge claims of corruption and remained in a position of political power.
Now, however, the Pelosi family has found themselves in hot water once again after Paul unloaded more than $500,000 worth of Visa stock. This came less than three months before the credit card giant was hit with federal antitrust charges.
From The New York Post:
Visa was hit with a lawsuit on Tuesday that alleged the company has illegally monopolized the debit card market — the culmination of a years-long review conducted by the Justice Department’s antitrust unit. Visa allegedly used its dominant market position to penalize customers and merchants who use competing payment processors, according to court papers.Antitrust cops also allege that Visa forces financial tech firms to work with it by threatening to penalize those that don’t.
Paul Pelosi Caught Red-Handed
Christopher Josephs, the tech entrepreneur who runs the “Nancy Pelosi Stock Tracker” on X, has since posted a damning screenshot that seemingly exposes Paul in a big way. The screenshot is of a July 3 congressional filing in which Paul sold 2,000 shares of Visa worth between $500,000 and $1 million.
More from The New York Post:
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. Shares of Visa closed down 5.5% at $272.78.
It doesn’t get much more crooked than that, folks!
Nancy has since responded through her spokesperson, who said that the congresswoman “does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions.”
Sure, Nancy…
It incredibly disturbing that so-called public servants can rake in millions of dollars every year in such blatantly corrupt ways. A shameless career politician like Nancy has seemingly been getting away with this for so long that she thinks the American people are too stupid to do anything about it. That’s why it’s crucial that this kind of thing be called out as much as possible.
“At various critical inflection points in history, members of our government have engaged in trading at a time which their conflicts are called into question,” said Ron Geffner, a former enforcement attorney with the Securities and Exchange Commission.
The Pelosi family’s alleged history of insider trading also exposes just how hypocritical Nancy really is. She’s spent years constantly ranting about how corrupt and criminal Donald Trump and his family are. Meanwhile, this is the kind of thing that her own family is apparently engaging in behind the scenes.
The hypocrisy of the left never ceases to amaze.
Key Takeaways:
- Paul Pelosi, husband of Nancy, accused of insider trading once again.
- Paul unloaded more than $500,000 worth of Visa stock.
- This came less than three months before Visa was hit with federal antitrust charges.
Sources: The New York Post, Bloomberg
