"The Stock God of Capitol Hill" works wonders again: Sold Visa before antitrust accusations
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Paul Pelosi, the husband of Nancy Pelosi, sold over $500,000 worth of Visa stock before Visa was charged by the US Department of Justice. This move has raised concerns as it coincided with the timing of the antitrust investigation. A spokesperson for Pelosi stated that Speaker Pelosi does not own any stocks and was unaware of this transaction. Visa's stock price has recently dropped by 7.41%. A former SEC enforcement lawyer pointed out that transactions by government officials often raise questions of conflicts of interest and the need to clarify the representatives and their backgrounds
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