USA: Paul Pelosi, husband of House Speaker Nancy Pelosi (D-CA), recently bought up to $5 million in stocks in a semiconductor company.
This comes right before the Senate is set to vote on a competition bill next week that would give a $52 billion subsidy to the semiconductor industry, Reuters reported.
Paul Pelosi exercised 20,000 shares worth between $1 million to $5 million in Nvidia, a semiconductor company based in Santa Clara, California, which was revealed in a disclosure that Nancy Pelosi filed to the House of Representatives on Thursday.
The same disclosure also revealed that Paul Pelosi sold 10,000 shares worth between $1 million to $5 million in Visa and 50 call options worth between $100,000 to $250,000 in Apple.
In June 2021, Paul Pelosi also purchased up to millions of dollars in Nvidia stocks, the Daily Caller reported. It appears this purchase occurred around the same time the Senate would pass a more expanded version of the semiconductor subsidy bill; however, the House never took up the legislation.
“Obviously Speaker Pelosi would be aware of the timing of this legislation over in the Senate,” Rep. Ralph Norman (R-SC) told the Daily Caller. “On the heels of that vote, for anyone in her orbit to purchase seven-figures worth of stock of an U.S.-based chip manufacturer just reeks of impropriety.”
Nancy Pelosi is among the highest-earning members in the House regarding trading stocks and has stated that she opposes a ban on congressional members trading stocks.
In July 2021, Paul Pelosi netted $4.8 million in options with Alphabet, the parent company of Google, Breitbart News reported. Nancy Pelosi has denied that she owns any of the stocks her husband trades.
Paul Pelosi was recently charged with two DUI misdemeanors after he crashed his Porsche into a Jeep on Highway 29 in Napa Valley on May 28. “His blood alcohol level stood at .082 percent; the California legal limit is .08 percent,” Breitbart News reported.
by ETHAN LETKEMAN
Join: 👉 https://t.me/acnewspatriots
The opinions expressed by contributors and/or content partners are their own and do not necessarily reflect the views of AC.NEWS
Disclaimer: This article may contain statements that reflect the opinion of the author. The contents of this article are of sole responsibility of the author(s). AC.News will not be responsible for any inaccurate or incorrect statement in this article www.ac.news websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner. Reprinting this article: Non-commercial use OK. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.
Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.
Discussion about this post