Pelosi Dumped MASSIVE Stock Share Just Months Before DOJ Took Action Against Corp… Coincidence?

Dumping half a million dollars in shares just before the DOJ goes to war with them? Those are some killer financial instincts… if you believe it was a coincidence.

Lawmakers have long been criticized for taking advantage of their insider knowledge to get an edge in (for example) stock market or real estate deals.

Some accounts, like Unusual Whales, go out of their way to bring attention to such shennanigans:

🚨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

But Nancy Pelosi has been of particular interest to such people because of her track record of knowing just when to make a purchase or a sale.

With the DOJ heading to court with Visa, people have noticed that her ‘lucky streak’ has continued.

BREAKING 🚨:

The DOJ plans to open up a lawsuit against Visa saying they illegally monopolized the US debit card market

Pelosi sold ~$1 Million dollars of Visa $V just 2 months ago

Wild.

— Nancy Pelosi Stock Tracker ♟ (@PelosiTracker_) September 24, 2024

A fund run by the account above mirrors her trades… just in case they have some insights the rest of us don’t.

Here is what they posted in July:

BREAKING 🚨:

The DOJ plans to open up a lawsuit against Visa saying they illegally monopolized the US debit card market

Pelosi sold ~$1 Million dollars of Visa $V just 2 months ago

Wild.

— Nancy Pelosi Stock Tracker ♟ (@PelosiTracker_) September 24, 2024

The figure was filed as a range, so we don’t know for sure if it was 500k, a cool Million, or somewhere in between.

But she sold it in July. More accurately, her husband did.

Nancy Pelosi’s husband unloaded more than $500,000 worth of Visa stock — less than three months before the credit card giant was slapped with federal antitrust charges, public documents show.

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.
[…] 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. — NYPost

Did she get a timely tip-off that the DOJ was getting ready to drop the hammer on Visa?

Hard to know for sure, in a city where everybody is trading favors.

But it’s fair to call it ‘sketchy’.

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