Speaker Nancy Pelosi was finally confronted on Thursday with a direct accusation that she may be engaging in ‘insider trading.’ Watch:
“Over the course of your career has your husband ever made a stock purchase or sale based on information you received?” a reporter asked her.
“What are you saying?” Pelosi responded.
“Over the course of your career, has your husband ever made a stock purchase or sale based on the information you’ve received from you?” the reporter pressed.
“No, absolutely not,” she said abruptly then stormed out.
As reported weeks ago, Paul Pelosi loaded up on chip stocks as Congress worked on a bill that would purportedly make the U.S. tech sector more competitive against Chinese products.
This just in: Nancy Pelosi’s husband bought $5 million in chip stocks — including 20,000 shares of Nvidia — ahead of a China competition bill in the Senate that would allocate $52 billion to boost domestic semiconductor manufacturing & includes massive tax credits. pic.twitter.com/5JzlEd8Lmb
— Kyle Becker (@kylenabecker) July 16, 2022
Paul Pelosi, the speaker’s husband, had invested millions in Nvidia Corporation, while selling large quantities of Visa and Apple stocks in call options.
“According to the filing, Paul Pelosi exercised 200 call options, or 20,000 shares, of Nvidia at a strike price of $100 and expiration of June 17, 2022, worth between $1 million and $5 million,” the Epoch Times noted.
“On that same date, her husband also sold 50 call options in Apple at a strike price of $100, with the transaction listed with a value of between $100,000 and $250,000,” the report added.
Pelosi’s investment in NVIDIA, one of the biggest semiconductor manufacturers in the world, drew immediate scrutiny.
“It certainly raises the specter that Paul Pelosi could have access to some insider legislative information,” Craig Holman, government affairs lobbyist for think tank Public Citizen, told the Daily Caller News Foundation. “This is the reason why there is a stock trading app that exclusively monitors Paul’s trading activity and then its followers do likewise.”
Seven months ago, Twitter indefinitely suspended @NancyTracker, a popular account that documented Speaker of the House Nancy Pelosi’s stock trades and drew attention to the millions of dollars she and her husband have generated through trading.
The tracker showed that Nancy Pelosi is not only an adept political opportunist, she is also one of the best investors in the world. And her husband, Paul Pelosi, notable for his drunk driving prowess, appears to share her uncanny knack for stock investing. A truly talented family.
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