Donald Trump is calling for consequences for the latest suspect trade out of the Pelosi family hedge fund.
According to the New York Post:
Trump said Thursday he believes Rep. Nancy Pelosi “should be prosecuted” over her husband’s Visa stock trades ahead of a Justice Department lawsuit against the credit card giant.
“Nancy Pelosi has a little problem because her husband sold their Visa stock – they had a lot of Visa stock – one day before it was announced that Visa is being sued by the Department of Justice,” the GOP nominee said during a press conference at Trump Tower in New York.
The former House speaker’s husband, Paul Pelosi, unloaded 2,000 shares of Visa stock worth between $500,000 and $1 million on July 1, financial disclosures show. On Tuesday, less than three months after the massive transaction, Visa was hit with a DOJ lawsuit alleging that the company illegally monopolized the debit card market.
Trump said of the timing; “Think of that. Nancy Pelosi sold vast amounts of Visa stock one day before the big lawsuit that we all read about a few days ago. You think it was luck? I don’t.”
The facts speak for themselves:
The Pelosis’ portfolio returned over 700% in the decade up to 2024, and investments made by herself and her husband almost tripled the S&P 500’s returns in 2023 alone. In fact, her reputation as a prolific trader has even paved the way for a Nancy Pelosi Stock Tracker on X (@PelosiTracker_).
In the year 2020, Pelosi was the biggest purchaser of securities in Congress.
These allegations are nothing new either - back in 2011 60 Minutes ran reports on Pelosi’s suspicious trades, and Steve Kroft even confronted her about them during a briefing.
Their reporting led to the passing of the STOCK Act, which banned insider trading - though it was all for show - the law was quietly repealed not long after.
Matt Palumbo is the author of The Man Behind the Curtain: Inside the Secret Network of George Soros
