Nancy Pelosi (D-California), who used to be Speaker of the House, and her husband really got lucky with another stock market move right before a big government case.
Many people think that Pelosi is using inside information from her position as a politician to make smart moves in the stock market.
“It is important to find out who represented her in the deal.”
The DOJ sued Visa for trade violations on Tuesday, saying that the credit card giant was abusing its huge financial edge to control the credit market.
Even though the lawsuit caused Visa’s stock to drop by 5.5%, the Pelosis were very lucky to have sold more than $500,000 worth of shares weeks before the case.
Christopher Josephs, an entrepreneur, runs an account that keeps track of and reports on the Pelosis’s stock deals. On July 3, the stock was sold.
A spokeswoman for Nancy Pelosi didn’t seem to directly answer the claim in a statement.
The statement to the New York Post said, “Speaker Pelosi does not have any stocks and she has no prior knowledge or participation in any deals.”
The trades don’t for sure mean secret trading, according to a former securities lawyer who spoke to the Post.
Ron Geffner said, “Before the public wrongly judges Pelosi, it is important to find out who did the deal on her behalf and if it was part of a larger change to her business.”
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