Nancy Pelsoi’s Husband Sold Over $500K of Visa Stock Before DOJ Filed Antitrust Lawsuit
The Pelosi family always seem to know when to unload stocks…
Insider trading is illegal…except for the Pelosis.
Paul Pelosi, husband to Nancy, sold over $500,000 worth of Visa stock before the DOJ filed an antitrust lawsuit:
Visa was hit with a lawsuit on Tuesday that alleged the company has illegally monopolized the debit card market — the culmination of a years-long review conducted by the Justice Department’s antitrust unit.
Visa allegedly used its dominant market position to penalize customers and merchants who use competing payment processors, according to court papers.
Antitrust cops also allege that Visa forces financial tech firms to work with it by threatening to penalize those who don’t.
In July, Pelosi sold 2,000 shares:
Meanwhile, Christopher Josephs, the tech entrepreneur who runs the “Nancy Pelosi Stock Tracker” on X, posted a screenshot of a congressional filing on July 3 which showed that the former House speaker’s husband, Paul Pelosi, had sold 2,000 shares of Visa worth between $500,000 and $1 million.
The disclosure form shows that Pelosi’s transaction is marked “SP,” or spouse — a reference to husband Paul, the San Francisco-based venture capitalist and real estate investor.
At the time Paul Pelosi sold Visa stock, there was no public indication that an antitrust lawsuit against the company was imminent.
Shares of Visa closed down 5.5% at $272.78.
No one's proven she trades on insider info
But did we build a way to invest alongside her just in case? You bet 🫡
$175,000,000 is copying her right nowhttps://t.co/utx1v47w9X
^ That's how to join the fun
And for those interested in Autopilot, the disclaimer is past… pic.twitter.com/kYqdQGqmQ8
— Nancy Pelosi Stock Tracker ♟ (@PelosiTracker_) September 24, 2024
Nancy Pelosi sold nearly $1 million of Visa, $V on July 1.
The US Department of Justice has sued Visa today, accusing one of the world’s largest payment networks of antitrust violations that affect “the price of nearly everything”, nearly three months later. pic.twitter.com/PoFHbtNgIp
— unusual_whales (@unusual_whales) September 24, 2024
But Nancy Pelosi and her husband are not the only ones.
This is a bipartisan problem.
A huge bipartisan problem.
🚨BREAKING🚨
I have just released the full report on politicians trading in 2023.
Like every year since 2020, US politicians beat the market.
And many in Congress made unusually timed trades resulting in huge gains.
Here are the top performers of 2023. pic.twitter.com/ykf9VICsBw
— unusual_whales (@unusual_whales) January 2, 2024
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Comments
Every single sitting Congressman/Senator and their direct family should be REQUIRED, by law, to have all of their trades executed by a fund that normal people can invest in to have their money execute the exact trades at the exact same time.
Must be nice to be Queen
Two tiered investing.
Does everything the Dems do have to have a foundation in cheating? Yes, that is a rhetorical question…
Rich Men North of Richmond.
Good analogy!
Martha Stewart:
Prosecutors charged that in 2001 Stewart was tipped off by Bacanovic that ImClone’s stock was going to drop after the company’s owner received inside information that the Food and Drug Administration was going to decline to review an application for the company’s cancer drug. Stewart shed her nearly 4,000 ImClone shares—worth $230,000—one day before the FDA decision was announced.
And then Stewart was tried and found guilty of insider trading and spent a period of time in a federal prison for her crime. Which is heck of a lot more than what will happen to Paul Pelosi for his $1 million insider trading deal.
That is a falsehood. She was never charged with insider trading. The stupid bitch was convicted of lying to the FBI. She should have sued her law firm for advising her to talk to them alone.
Even more ironically, she was convicted of lying to the FBI for telling them she did not make the trade they accused her of, even though there was actually no law against her having done it.
Every government action is going to hit one of his trades. The statistic you want is how many favorably and how many unfavorably. Just pointing out favorable ones is idle.
Then show us the ones where they got hit unfavourably. Should be easy for you right 🤔😂
How about this one. According to jb4’s comment below, the price now, even after the drop due to the antitrust suit, is still higher than what Pelosi sold it for. So this is a loss, not a gain. What have you got to say about it now, eh?
Did he lose money? Did he sell for less than he bought?
Again, should be an easy one 😂
Insider trading consists of taking action on information that is not public knowledge, i.e. inside information. Whether or not the information pans out or results in a profit isn’t relevant. The only relevant question is “Did Paul Pelosi act on inside information?”
Having a stock portfolio that performs abnormally well is merely an indicator that insider trading may be occurring. It is not, by itself, proof of insider trading.
That’s not how it works. It would be a loss only if he sold it for less than he paid for it.
That is how it works. It doesn’t matter what he paid for it, the decision to sell on July 1 rather than keeping it cost him money. Had he not sold he would have been richer now, even after the lawsuit was announced. So not only is there no basis for supposing that he knew about the lawsuit in the first place, but even if he did somehow hear about it he did not profit from that knowledge.
You right “it really doesn’t’ matter”. If he would have gained or lost. What matters is he traded on insider information. It appears so.
Milhouse’s reflexive pettifogging has shown him for a fool here. It is the trading on the information that matters. Citing hypothetical increases or decreases to unrealized gains or losses at various points in time is irrelevant and asinine.
Ah! If it is a gain, then Harris wants to be able to tax you for it, even if it is unrealized. Accountants everywhere will rejoice!
So Milhouse is arguing that Pelosi was a good bull, but a bad pig.
But that’s not really relevant to the point is it? He was able to predict a storm but unable to predict the strength of it. The question is not how strong the storm turned out to be, but how he knew when a storm was coming.
That is EXACTLY how it works! You lose money ONLY if you sold for less than you bought! You cannot lose money you never made because the stock price went up after you sold! I mean that is pretty fucking stupid even for you Justice Millhouse 😂
Presuming PP had insider info, he couldn’t possibly have known the future, i.e. that shortly after the investigation reveal the stock would be higher than when he made his sale. How much a trader makes isn’t necessarily an indication of insider trading, only a signal that should alert authorities to take a closer look. What we need is an analysis of trading with respect to the reveals of impending adverse govt. action. This is the only sound way of identifying anyone who may have acted on inside information.
This is my shocked face.
“Nancy Pelsoi’s Husband Sold Over $500K of Visa Stock Before DOJ Filed Antitrust Lawsuit”
You misspelled “Pelsooey.”
Is there any faster way to wealth for power hungry grifters than public service?
Pure coincidence I’m sure since having access to such information you know it would be problematic to use that Insider information to profit. Surely nobody in Congress would do such a thing.. need I mention sarcasm off?
No, you don’t get it.
We KNOW they’re insider trading.
They don’t have to hide it.
It’s LEGAL for THEM.
Just like spamming,
What access? Neither Nancy nor her husband had any access to any information about this action, that occurred months after the trade.
You must think nobody talk to anybody. After decades in an organization, you know who knows what important stuff is coming down the road.
They’re not even in the same organization.
Sure, it’s possible that someone talked to someone, but that’s the case no matter what his wife did. It’s always possible to hear something, but there’s no reason to suspect it.
That’s pretty fucking stupid even for you Jusuice Millhouse 😂😂
It must just be coincidence and having a really good stock broker that’s the reason these critters keep making the right trades at the right time eh 😂😂
Hard to believe you are still pushing this farce that these trades are made on public information. The charges against Visa were not made public before Paul Pelosi sold his stock. There is no reason that members of Congress should be allowed to trade stocks in the industries they regulate. This has to end!
Everybody sing!
While strolling through the park one day,
In the merry merry month of May,
Paul was taken by surprise,
By a pair of roguish eyes,
Who winked and whispered
She had something to say.
A stock tip was all she gave to him,
Of course she was discrete as discrete as can be,
He immediately sold his Visa shares,
But forgot to ask her source
Yet He never will forget,
That lovely afternoon,
He met her at the fountain in the park.
Sure they didn’t. You know this how?
I know they have no access to the information because neither of them is in any position where they would have access to it. The DOJ’s antitrust division doesn’t report to either of them. So they literally have no access to it.
If you’re merely referring to people who blab, then anyone has access to that! The Pelosis are in no better a position to hear such rumors than thousands of other well-connected people. Donald Trump probably has as much access to such rumors as they do.
“ I know they have no access to the information”
You do?
Your kidding, right? They like others in Congress have no idea of either pending legislation or regulatory actions. Sure. Have I got a bridge to sell you. I know you reflexively argue with people here but don’t insult everyone’s intelligence. Pelosi has a long pattern of fortunately timed trading and a profit over the market average that would make Buffet blush. Anyone else with something along his lines would be investigated.
And you know this how, exactly? I’m more than sure Nancy has her contacts within the DOJ Anti-Trust Unit that keep a close eye on everything that’s going on and will contact her on the side when anything big is about to go down. And then Nancy passes that onto her husband, Paul, who then makes the appropriate transaction(s) and the mark the transaction as “SP” for spouse and bank the money as the stock price declines.
It’s called “insider trading” anyway you look at it.
Your statement is surely not supported by any facts in evidence. We simply do not know if PP had inside information or not. You can’t say with any confidence that the Paul & Nancy had no access to inside information.
Jeez, Milhouse, we call these sorts of people “insiders” for a reason.
Come on, this is ridiculous. The guy trades stocks. It’s what he does, and it’s a completely legitimate business. What’s he supposed to do, stop trading altogether just on the off chance that one of his trades will be affected, months later, by some government action that neither he nor his wife had any way of knowing about in advance?!
When Democrat ratbags were demanding that Trump dismantle his entire business and sell it off at a loss, you all rejected the idea that businessmen don’t belong in politics. But now you’re saying the same thing, that businessmen not only shouldn’t get into politics but shouldn’t even marry politicians.
This is not like cases where she would have had access to information about the company, e.g. by being on the committee that oversees it, etc. There’s nothing suspicious here, no obvious reason why she would have known anything about it.
That bit of nonsensical rhetoric is so absurdly naive that I doubt you really believe it.
Really? What’s nonsensical about it? What do you expect him to have done, other than simply quit business as soon as he married her?
You must be new round here 😜😂 Justice Millhouse has spoken, therefore it is literally the word of god 😂😂
No, I simply speak only about things I know about. When I don’t know whether something is true I don’t comment. And I don’t make factual accusations against people without reason to think they’re likely to be true; not just that I don’t like them, as you do.
If you truly spoke only about things you know you would be one quiet soy boy 😂😂
Then you probably better stop posting on this subject. Their portfolio performance is so far above average and timed so well it beggars belief that it’s just skill.
We’re talking about this transaction, and you have no information about it that could possibly support an allegation of impropriety. Especially since they lost money by selling rather than holding.
We’re talking about this transaction and EVERY other perfectly timed transaction that just happens to occur at the most opportune time 😂😂
“No, I simply speak only about things I know about.”
“I know they have no access to the information because neither of them is in any position where they would have access to it.”
Come, now, Milhouse. You definitely speculate about things of which you know nothing. You have no idea whether or not the above statement of yours is a fact. You cannot know if Pelosi had, or acted upon, insider knowledge or not. Martha Stewart had insider information (or at least, the government believed she acted on inside information) and the Pelosi’s don’t have insider information? How likely is that? How many others outside of government have been charged with acting on inside information? And the former speaker of the House, the ultimate government insider, has none? How likely is that?
Then you might want to lay off talking about the stock market and what constitutes gains/losses as well as patterns of trading or buying puts/calls at just the right moment to realize gains with far fewer losses. He is getting insider information not only from his wife but from the tech companies. There is no other explanation and he is not the only one doing it.
Right. Pelosi just happens to be better at it than Warren Buffet and Goldman Sachs. Year after year.
We’re talking about one transaction, not a career performance.
You’re talking about one transaction when in fact the full story is about a series of transactions.
Unscrambling eggs comes to mind.
True. An analysis over time is required to see if the suspicion can be supported by a statistically significant signal that might indicate insider trading. But, OTOH, the dismissal of any suspicion at all that Paul P acted on insider info is similarly flawed. There is a signal here (like a single report to VAERS), however weak it may be, that begs analysis of Pelosi’s trading history to determine the signal strength (like 2 million reports to VAERS).
I’m not. The pattern is there and has been written about for years. Hell, there is even a Pelosi ETF to follow his trades.
Maybe it is being said *because* the left made so many demands of Pres. Trump….
The claimed sale on July 1 was made approximately 10 points lower than the close today, AFTER dropping nearly 16 points on the news.
And your point is what, exactly? That Paul panicked when informed about the impending anti-trust lawsuit against Visa™ and dumped a million dollars worth of Visa™ stock as a result a couple of months before the lawsuit was actually filed with the federal court? Yeah, pretty stupid on his part but then again he didn’t know that the stock would rebound at a later date. He just wanted out on his terms. And that’s what he got.
He’s in the club. You ain’t.
NEVER argue with trolls.
It is like wrestling pigs.
Right. Mailman is a troll. But diver64 isn’t. Old26 isn’t. Rhhardin isn’t. They’re serious people who give honest opinions, even if they’re sometimes wrong.
I’m reminded of the trouble that Martha Stewart got herself into for just tiptoeing into a gray area. Whatever it was wasn’t a big deal in contrast to what happens on a daily basis in Congress, or the White House for that matter.
When someone is elected to Congress, that person’s finances should go into a blind trust, just as the president’s must. That should include the spouse as well, given the appearance of impropriety on the part of Mr. Pelosi.
You can play the stock market or you can serve in Congress, but you cannot do both.
While we’re at it, we should get rid of Congress’ ability to pass a law and exempt itself from its provisions. There are many examples of this and it only goes to cast tremendous suspicion of corruption on Congress.
so she saved 30k? ok but even if by nefarious means, that is a drop in the bucket compared to her net worth.
Lucky guy.
thats b/c the dupes have bought into the sec agenda that *protects* the little guys
as usual
you will be fooled again
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