Is Nancy Pelosi Involved in Insider Trading?

Nancy Pelosi has been serving in Congress for close to 34 years. She has now risen to the post of Speaker of the House of Representatives. This post sure comes with a lot of power and money. However, her current position doesn’t justify the type of money she has.

Pelosi earns six figures in salaries as the Speaker of the House of Representatives; yet, she has a net worth running into hundreds of millions of dollars.

How did she accumulate this wealth? Jesse Watters of Fox News dived into her financial dealings with his “Watters’ World” investigation.

What’s the Secret to Her Wealth?

According to Watters, the short answer is her husband. Paul Pelosi, the husband of Nancy Pelosi, was instrumental in helping Nancy get elected to Congress in 1987 through his numerous strong connections.

Watters noted the couple always has the perfect timing for investments over the years. Their impeccable investment timing played a massive role in how Nancy and her husband amassed their wealth.

In 2018, the couple’s wealth went the roof. Nancy’s financial disclosure report for the year showed a net worth of more than $114 million. 2019 also saw Pelosi’s assets worth around $271 million. By 2020, Pelosi now has a total net worth of over $315 million.

Questionable Deals

Watters explained the deals that have gotten Nancy and her husband millions of dollars. He mentioned that in 2007, Visa was worried the new Democrat Congress would come for their swipe fees, which would have cost the company billions of dollars.

The firm then hired some lobbyists to go after Pelosi. She had a series of meetings with them, including a personal meeting with Visa’s CEO. In fact, she also got huge donations from Visa.

Luckily for Paul Pelosi, he got a call from his broker offering him a pre-screened invite to Visa’s $18 billion IPO. Fantastic luck and coincidence, right? As you might have guessed, the Pelosis jumped on the offer and bought between $1 million and $5 million of Visa stock.

Interestingly, bills that would have tanked Visa’s stock price were also blocked while Pelosi was Speaker of the House. With Visa’s shares going up by more than 200% during the time, the Pelosis made a lot of money from that ‘lucky’ information from the broker.

Jesse Walters also revealed another occasion where Nancy and her husband made ’incredible’ investment decisions. According to Watters, Paul exercised $2 million worth of Microsoft options in March. In unsurprising events, two weeks later, Microsoft got a $22 billion contract to equip the Army with advanced headsets.

Although Nancy Pelosi and her husband have never been indicted for insider trading, can all these financial investments be luck…or were they privy to information nobody else had?

What do you think about this? Kindly let us know if you think the Pelosis are involved in insider trading.