Just before the Department of Justice sued Via for allegedly becoming a monopoly in the debit card market, former U.S. House Speaker Nancy Pelosi (D-CA) had her husband Paul sell off more than $500K in Visa stocks, possibly enough as much as $1 million in stocks. The move makes it clear Pelosi is using her office to financially feather her own nest and it is perfectly legal for her and other congressmembers to do so.
Nancy Pelosi’s Husband Sold Over Half a Million in Visa Stock Before Antitrust Lawsuit › American Greatness– amgreatness.com
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Public records prove that Paul Pelosi, the husband of former Speaker of the House Nancy Pelosi (D-Calif.), sold over $500,000 worth of Visa stock shortly before the Department of Justice (DOJ) announced antitrust charges against the company.
According to the New York Post, Pelosi’s transaction occurred less than three months before the announcement of the federal lawsuit on Tuesday. The DOJ alleges, after an investigation over the course of several years, that Visa has become a monopoly in the debit card market. The company, the DOJ claims, has subsequently used its position of power to punish customers and businesses who use rival payment processors.
A congressional filing from July 3rd revealed that Paul Pelosi had sold about 2,000 shares of Visa, worth at least $500,000 and as much as $1 million. The disclosure form was posted on X by Christopher Josephs, a tech entrepreneur and the owner of the “Nancy Pelosi Stock Trader” account, which documents Pelosi’s various stock dealings and scrutinizes the circumstances under which certain transactions take place.
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