Put Your AD here!

DOJ announces massive lawsuit against Visa just weeks after Nancy Pelosi's husband sold $500k of their stock

DOJ announces massive lawsuit against Visa just weeks after Nancy Pelosi's husband sold $500k of their stock


This article was originally published on Blaze Media. You can read the original article HERE

Former House Speaker Nancy Pelosi (D-California) and her husband have benefitted from another incredibly lucky stock market decision just before a monumental government lawsuit.

Pelosi has been suspected by many of allegedly using insider knowledge from her powerful government position in order to make beneficial stock market trades.

'It is important to determine who engaged in the transaction on her behalf.'

On Tuesday, the Department of Justice filed a anti-trust lawsuit against Visa, accusing the credit card giant of using its massive financial advantage to monopolize the credit market.

Visa's stock dropped by 5.5% based on the lawsuit, but the Pelosis very fortuitously had sold more than half a million dollars worth of the stock weeks prior to the legal action.

An account run by entrepreneur Christopher Josephs tracks and reports stock trades from the Pelosis and noted the sale of the stock on July 3.

A comment from a spokesperson for Nancy Pelosi didn't appear to directly address the accusation.

“Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions,” the statement to the New York Post read.

A former securities attorney told the Post that the trades didn't necessarily point to insider trading.

“Before public opinion judges Pelosi unfairly, it is important to determine who engaged in the transaction on her behalf as well as whether it was part of a broader change of her portfolio,” said Ron Geffner.

Like Blaze News? Bypass the censors, sign up for our newsletters, and get stories like this direct to your inbox. Sign up here!

This article was originally published by Blaze Media. We only curate news from sources that align with the core values of our intended conservative audience. If you like the news you read here we encourage you to utilize the original sources for even more great news and opinions you can trust!

Read Original Article HERE



YubNub Promo
Header Banner

Comments

  Contact Us
  • Postal Service
    YubNub Digital Media
    361 Patricia Drive
    New Smyrna Beach, FL 32168
  • E-mail
    admin@yubnub.digital
  Follow Us
  About

YubNub! It Means FREEDOM! The Freedom To Experience Your Daily News Intake Without All The Liberal Dribble And Leftist Lunacy!.


Our mission is to provide a healthy and uncensored news environment for conservative audiences that appreciate real, unfiltered news reporting. Our admin team has handpicked only the most reputable and reliable conservative sources that align with our core values.