Questions surround timing of stock trades made by Nancy Pelosi’s husband

House Speaker Nancy Pelosi’s (D-CA) millionaire husband, Paul, is making headlines and stirring controversy over the staggering $5.3 million in profits he made on stock options linked to Alphabet, parent company of Google, at a time when Congress was considering a series of antitrust measures likely to affect its fortunes and those of and other tech giants, as Forbes reports.

The story began gaining traction when Bloomberg News featured a report on the transactions and their curious timing, and referenced their appearance in a required financial disclosure form signed by the speaker herself and filed on July 2. Notably, that story was subheadlined, “Action was week before House panel considered antitrust bills,” and the regulations contained in those bills were trained on companies such as Google, Apple, and Amazon.

Thus, the timing of Pelosi’s market maneuvers raised eyebrows almost immediately, given the House Judiciary Committee’s impending votes on bills that would, among other things, attempt to mitigate the company’s market power or break them up altogether. 

As Forbes noted, in the aftermath of a series of potentially questionable stock transactions by members of Congress in the run-up to the coronavirus pandemic, watchdogs have paid extra attention to the routine financial disclosures of lawmakers, including Pelosi.

The transactions that have prompted the current firestorm involved 40 Alphabet call options with a strike price of $1,200, and these were exercised by Pelosi on June 18, shortly in advance of a meeting of the relevant House subcommittee. 

His options afforded Pelosi the ability to convert the options to 4,000 shares at the strike price, which was considerably lower than the $2,550 per share price prevailing at the time, yielding a considerable increase in value for the longtime investor.

Forbes points out that Pelosi did not have much of a choice as to whether to exercise the options, as they had an expiration date of June 18, and if he had not acted, his brokerage likely would have, regardless.

Even so, the entire outcome represents a significant boon to the Pelosi family finances, and it is easy to see why it raised more than a few suspicions of trading on inside Beltway scuttlebutt to turn a huge profit. 

In response to questions over Mr. Pelosi’s massive stock market success at a most curious time, Drew Hamill, a spokesperson for the California Democrat said simply, “The speaker has no involvement or prior knowledge of these transactions.” Whether any further probes of Paul Pelosi’s trades are ultimately initiated, only time will tell, but the outward appearance of impropriety is hard to deny.

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23 days ago

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23 days ago

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Katydid (@guest_381283)
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23 days ago

Questions surrounding Pelosi’s stock deal? No questions needed, it is out and out criminal.

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24 days ago

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Stevo (@guest_381085)
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24 days ago

pelosi is not the only congress criminal that did gross insider trading – remember feinstein cashing out with the stock market , late Jan . 2020 , just before the virus hit the U.S. ? Like she definitely KNEW when it was going to happen ! Since obama , biden , fauci , soros & gates FUNDED the creation of their communist wuhan genocide virus and timed it’s release to get to the U.S. in time to damage the election year against Trump . It was NO COINCIDENCE !

James (@guest_381070)
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24 days ago

Pelosi what happened to the no one is above the law she is a hypocrite sorry old hag

Barb (@guest_381025)
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24 days ago

Someone with authority needs to have the guts to arrest this criminal asap and lock her up.

Stephen Russell (@guest_381016)
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24 days ago

Insider trades Big time

PatriciaWilson (@guest_380991)
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24 days ago

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Angelika (@guest_380966)
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24 days ago

It’s simple, pelosi and clan are ABOVE the LAW……..

Marine Bob (@guest_380854)
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24 days ago

It’s only money between corrupt friends….

rm (@guest_380835)
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24 days ago

I would care less if I read in the newspaper some drunk/drugged driver ran over N*a^n*c^y P*e^l*o^s*i and term limited her permanently…

Bte (@guest_380723)
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24 days ago

Pelosi you are ignorantly discusting.

George "BUFFALO" Kehl (@guest_380967)
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Reply to  Bte
24 days ago

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Katy Lied (@guest_380715)
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24 days ago

QUESTIONS?!?!? What kind of questions? Maybe like WHY do politicians get away with insider trading every damned day? Why does the Pelosi family get to lie, cheat and steal WITH NO REPERCUSSIONS? Why are the DEMOCRATS ALL CRIMINALS? I could go on but what’s the point? No Democrat will ever pay for their crimes.

Beverly R Thorpe (@guest_381000)
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Reply to  Katy Lied
24 days ago

There are Congressional rules about members taking “gifts” from lobbyists and special interests. It is ILLEGAL. However, one ploy Pelosi-type people use is that they CAN take gifts of stock options, and THAT alone makes them lots of money. Or they have a Foundation like the Clintons and misuse the funds and they don’t list all the donors, and like the Clintons, the ones left off the list of donors are from Foreign countries, which may not always be an Illegal situation, but if left off brings unethical considerations to the story.

Paul Flint (@guest_380681)
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24 days ago

Yea just like Creepy hiding slow joe didn’t know about his Crack head petifile sons business dealing huh big guy

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24 days ago

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24 days ago

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