Nancy Pelosi’s husband reportedly sold over $500,000 worth of Visa stocks months before DOJ’s antitrust charges
September 25, 2024 | Vivek Saxena
Former House Speaker Nancy Pelosi’s husband reportedly sold over $500,000 worth of Visa stocks months before Visa was hit with federal antitrust charges.
Visa was hit with the charges on Tuesday for allegedly “illegally maintain[ing] a monopoly over debit network markets by using its dominance to thwart the growth of its existing competitors and prevent others from developing new and innovative alternatives,” according to a DOJ press release.
https://twitter.com/TheJusticeDept/status/1838660311584285007Visa specifically allegedly used its market dominance to punish customers and merchants who dared to try and use alternate payment processors.
Following the filing of the charges, Visa shed five percent of its stock market value.
Here’s where Pelosi’s husband, Paul, enters the picture. According to a report from tech entrepreneur Christopher Josephs, who runs the “Nancy Pelosi Stock Tracker” account on X, Paul sold 2,000 shares of Visa earlier this summer.
https://twitter.com/PelosiTracker_/status/1808491044905926848more
https://www.bizpacreview.com/2024/09/25/nancy-pelosis-husband-reportedly-sold-over-500000-worth-of-visa-stocks-months-before-dojs-antitrust-charges-1490051/