BREITBART
Nancy Pelosi’s Husband Sells Almost $1M Worth of Visa Stock Before DOJ Files Antitrust Lawsuit
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.
76% 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. Uploaded: Sep 24, 2024
The DOJ has filed an antitrust lawsuit against Visa, alleging it monopolizes the debit card market through anticompetitive practices.
Uploaded: Sep 24, 2024
Nancy Pelosi’s husband unloaded more than $500,000 worth of Visa stock — less than three months before the credit card giant was slapped with federal antitrust charges, public documents show.
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.
Pelosi’s stock portfolio was up 65.5 percent in 2023, one of the best performances in Congress, an Unusual Whales analysis showed.
Some of the most notable establishment members to beat the market were:
- Rep. Nancy Pelosi (D-CA) — up 65.5 percent
- Rep. Dan Goldman (D-NY) — up 52.8 percent
- Rep. Dan Crenshaw (R-TX) — up 38.2 percent
- Rep. John Curtis (R-UT) — up 25.3 percent
- Sen. Mitch McConnell (R-KY) — up 18.1 percent
More on Pelosi’s trades is here.
Wendell Husebo is a political reporter with Breitbart News and a former RNC War Room Analyst. He is the author of Politics of Slave Morality. Follow Wendell on “X” @WendellHusebø or on Truth Social @WendellHusebo.
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