Paul Pelosi Unloads Stock Just Prior to Anti-trust Lawsuit

Well, the Pelosis have done it again.

A report just revealed that Paul Pelosi, the husband of Speaker Emerita Nancy Pelosi (D-CA), has had perfect timing again.

In thumbing his nose at the law, Paul Pelosi unloaded about $500,000 in Visa stock just prior to the anti-trust lawsuit that was filed by the DOJ.

Perfect Timing

Over the course of the last few years, win or lose on a transaction, nobody has had better timing of when to sell off stock than Paul Pelosi.

In this particular transaction, whether he took a loss or made a profit is irrelevant.

All we need to know is that he decided to sell the stock right before the Department of Justice filed a lawsuit against Visa.

Visa was hit with a lawsuit by the DOJ for allegedly monopolizing the debit card industry this week.

But, on July 3, Paul Pelosi unloaded somewhere between $500,000 and $1 million in Visa stock, which was 2,000 shares.

At the time of the sale, there was no public knowledge about the anti-trust lawsuit, but some members of Congress surely knew the suit was coming, as would top officials in the DOJ.

When Pelosi was asked for a comment, her office stated, “Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions.”

Yet again, though, his timing seems to be perfect.

If this happened once or twice, it could be written off as a coincidence, but Pelosi seems to have a knack for getting out of and into stocks just a few months before anything good or bad happens.

His window is far enough to give him an excuse, but his actions always seem to work out in his favor, such as buying up EV stocks a few months before the government awarded a major contract.

At some point, this needs to be investigated, but with Democrats in charge, that is not going to happen anytime soon.