Former President Donald Trump on Thursday said he believes Rep. Nancy Pelosi (D-Calif.) “should be prosecuted” over her husband’s Visa stock trades ahead of the Justice Department’s lawsuit against the credit card giant. said.
“Nancy Pelosi is in a bit of trouble because her husband sold his Visa stock the day before it was announced that Visa was going to be sued by the Justice Department — they sold a lot of Visa stock. I owned stocks,” the Republican candidate said at a news conference. Trump Tower in New York.
Her husband, former House Speaker Paul Pelosi, sold 2,000 shares of Visa stock worth between $500,000 and $1 million on July 1, according to financial disclosures.
Former President Donald Trump said Thursday that he believes U.S. Rep. Nancy Pelosi (D-Calif.) “should be prosecuted” over her husband’s Visa stock trades. Justin Lane/EPA-EFE/Shutterstock
On Tuesday, less than three months after the big deal, Visa was hit with a Justice Department lawsuit accusing the company of illegally monopolizing the debit card market.
Mr. Trump, 78, suggested that Mr. Nancy was aware of the impending lawsuit and tipped off Paul before unloading the stock.
“Think about it: Nancy Pelosi sold a ton of Visa stock the day before the big lawsuit we read about a few days ago,” he said.
“Do you think you’re lucky? I don’t.”
President Trump declared, “She should be prosecuted.” “Nancy Pelosi should be indicted for that.”
Nancy Pelosi’s husband, Paul Pelosi, sold 2,000 shares of Visa stock worth between $500,000 and $1 million on July 1, according to financial disclosures. Mr. Trump, 78, of the Associated Press, suggested that Mr. Nancy was aware of the impending lawsuit and tipped off Mr. Paul before parting with the stock. AP
A spokesperson for the 84-year-old congressman did not immediately respond to The Post’s request for comment.
At the time Paul sold his Visa shares, there was no public indication that an antitrust case against the company was imminent.
On the day the lawsuit was announced, Visa’s stock price closed down 5.5%.
At the time Paul sold his Visa shares, there was no public indication that an antitrust case against the company was imminent. AP
Paul, who survived a brutal hammer attack inside the couple’s San Francisco home two years ago, is a venture capitalist and real estate investor.
“Chair Pelosi owns no stock and has no prior knowledge of or subsequent involvement in any transaction,” a spokesperson for Nancy told the paper earlier this week.
