Given the seeming immaculate stock trading prowess shown by both Rep. Nancy Pelosi (D-CA) and her husband, it's no wonder they continue to draw attention as they continue to amass their personal fortune.
Many, on both sides of the political aisle, believe that Pelosi has used her powerful position in Congress -- for years -- to gain information that only she would be privy to in order to direct her husband to make lucrative stock trades.
According to Breitbart, the Pelosis amazingly timed stock trading superpowers were once again on display, which was so obvious that it even drew criticism from former President Donald Trump.
Trump, during a press conference in New York last week, said that he believes Pelosi should be prosecuted for insider trading.
Trump argued that just a day prior to Visa being sued by the Department of Justice that her husband was aware and knew to unload several thousand shares of the stock before it took a dive.
"Nancy Pelosi has a little problem because her husband sold their Visa stock. They had a lot of Visa stock, one day before Visa, it was announced that Visa is being sued by the Department of Justice. Think of that," Trump said.
Trump added, "Nancy Pelosi sold vast amounts of Visa stock one day before the big lawsuit that we all read about a few days ago, was brought against Visa. You think it was luck? … Nancy Pelosi should be prosecuted for that."
🚨 Trump Calls for the Arrest of Nancy Pelosi
🚨🚨🚨🔥🔥🔥
Pelosi sold $500k worth of VISA stock one day before the DOJ announced their lawsuit against VISA..Drop a . If you’d like to see Nancy Pelosi perp walked pic.twitter.com/OsMLNEwVZM
— World life (@seautocure) September 26, 2024
The Post noted that Trump's timeline wasn't accurate in the sense that it was a day before the DOJ sued the financial institution.
The Post cited financial disclosures which show that Pelosi’s husband, Paul, “unloaded 2,000 shares of Visa stock worth between $500,000 and $1 million on July 1,” noting that 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.”
However, Trump accused the former Democratic House Speaker of knowing that the lawsuit was coming, hence the sale of at least $500,000 worth of the company's stock before the lawsuit was announced.
Users across social media weighed in on their opinions on whether or not members of Congress should be able to trade stocks, given that many of them are privy to insider information before the public.
"Absolutely not, I'm sick of all these corrupt politicians who make millions by being elected. That's what's wrong with our current government," one X user wrote.
Another X user wrote, "They make it so obvious, yet nothing is ever done. They get richer while breaking the rules and continuing to get away with it."
Currently, a bipartisan group of lawmakers are still attempting to severely restrict their colleagues from engaging in any kind of trading while they hold office.
