Pelosi’s Husband Buys Millions in Tech Stocks Before Subsidy Vote

House Speaker Nancy Pelosi’s husband, who has a history of suspiciously timed stock moves, has given critics one more to scrutinize. Just ahead of a vote next week to deliver billions in subsidies to boost chip manufacturing, Paul Pelosi bought 20,000 shares of Nvidia.

Pelosi purchased the shares for roughly $5 million dollars less than one month ago, according to the Daily Caller. Nvidia is one of the world’s largest semiconductor production companies.

Next week, senators will vote on a bipartisan bill that sets aside $52 billion to boost domestic semiconductor manufacturing and provides additional tax credits, Reuters reported.

Advertisement

“It certainly raises the specter that Paul Pelosi could have access to some insider legislative information,” Craig Holman, a lobbyist for the left-wing Public Citizen, told the Daily Caller. “This is the reason why there is a stock trading app that exclusively monitors Paul’s trading activity and then its followers do likewise.”

Nancy Pelosi touted the bill when the House passed it at the beginning of the year, and would have been aware of its upcoming vote in the Senate.

“Obviously Speaker Pelosi would be aware of the timing of this legislation over in the Senate,” said Representative Ralph Norman (R-SC). “On the heels of that vote, for anyone in her orbit to purchase seven-figures worth of stock of an U.S.-based chip manufacturer just reeks of impropriety.”

SHARE THIS WITH YOUR FRIENDS:
Subscribe
Notify of
guest
9 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Dan Winright
Dan Winright
1 month ago

Obvious insider trading.
Use those monies to fund a new gas refinery

Rae
Rae
1 month ago
Reply to  Dan Winright

Remember Martha Stewart did time for that!

Recce1
Recce1
1 month ago
Reply to  Rae

AND her “insider trading” was bogus.

Tom Streets
1 month ago

Nancy Pelosi just violated Federal law on prohibited insider trading; by passing that information to her husband, Paul Pelosi, that the vote on this bill in Congress was soon approaching. She said that it will “help families,” right? How about the “family” of the Speaker Of The House Of Representatives; who SETS THE AGENDA OF BILLS BEING CALLED TO BE VOTED ???
This is BLATANT DISREGARD FOR LAW !!! It should certainly punished as such, commensurate with the violation(s) of said law !!!

gary thibodeaux
28 days ago
Reply to  Tom Streets

Americans are at fault just for allowing voter fraud and corruption of the democrats and GOP!

Kevin
Kevin
1 month ago

The depths of corruption among Demon-crats cannot be measured by any known standards.
Just think of the outcry if a Republican did what Demon-crats do. It would be plastered non-stop on every Fake News outlet for ten years or more.

Jawad
Jawad
1 month ago

See? This is how politicians get filthy rich. And it ain’t on the Public dime!

jerry
jerry
30 days ago
Reply to  Jawad

It’s insider trading and it is illegal

Ray
Ray
28 days ago

but…Nancy is a liberal ! Therefore it MUST be ok to screw her opponents !

9
0
Would love your thoughts, please comment.x
()
x