President Trump didn’t hold back in his New York City press conference on Thursday, taking direct aim at Nancy Pelosi and her history of dubious stock trades.
Trump zeroed in on Pelosi’s husband, Paul Pelosi, and his suspiciously timed sale of Visa stock, which occurred just days before the Department of Justice launched a lawsuit against the financial titan, as reported by the Gateway Pundit.
“Nancy Pelosi has a little problem because her husband sold their Visa stock,” Trump said. “One day before it was announced that Visa’s being sued by the Department of Justice. You think it was luck? I don’t think. She should be prosecuted.”
JUST IN: 🇺🇸 Donald Trump calls for Nancy Pelosi to be prosecuted for insider trading. pic.twitter.com/YireKGRNg0
— Watcher.Guru (@WatcherGuru) September 26, 2024
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This wasn’t just another swipe at the former Speaker of the House; Trump was hammering home what he sees as a clear-cut case of insider trading.
He went further, calling for Pelosi’s prosecution, not just over this deal but also over her handling of security ahead of January 6, alleging she rejected his offer of National Guard troops. Trump referenced John Solomon’s recent reporting, urging reporters to look into it. “It’s a scam,” he stated bluntly.
The latest controversy involves Paul Pelosi dumping up to $1 million worth of Visa stock just weeks before the Justice Department slapped the company with an antitrust lawsuit. This is not the first time Paul Pelosi has made a timely stock move. Back in July, it was disclosed that he sold 2,000 Visa shares valued between $500,000 and $1 million, just three months before the federal lawsuit.
BREAKING 🚨:
The DOJ plans to open up a lawsuit against Visa saying they illegally monopolized the US debit card market
Pelosi sold ~$1 Million dollars of Visa $V just 2 months ago
Wild.
— Nancy Pelosi Stock Tracker ♟ (@PelosiTracker_) September 24, 2024
BREAKING🚨: Pelosi is back on the Trading Desk
She just bought ~$5M of Broadcom $AVGO and another $1.2M of Nvidia $NVDA
She also sold ~$500K of Tesla and ~$536K of Visa $V pic.twitter.com/RGQoG4oW3F
— Nancy Pelosi Stock Tracker ♟ (@PelosiTracker_) July 3, 2024
Of course, Pelosi’s office denied any involvement. A spokesperson claimed, “Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions.”
Nonetheless, the timing is, at the very least, suspect. Visa shares plummeted 5.5% after news of the lawsuit broke, but the Pelosis dodged that loss. Coincidence? Many are skeptical, questioning how much Nancy Pelosi might have known, given her high-level political connections.
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This isn’t the first time Paul Pelosi has been in the spotlight for well-timed stock deals. Last year, he sold Google stock a month before the Department of Justice hit the tech giant with an antitrust suit. And in 2022, Pelosi offloaded NVIDIA stock just before Congress voted on a bill that would boost domestic semiconductor production.
Public records don’t lie, and while the Pelosis claim there’s nothing improper going on, these stock trades raise eyebrows. The question remains: Are these just fortunate guesses, or is there something deeper at play?
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