Trump Comments On Report About Pelosi

Former President Donald Trump issued a fiery demand on Thursday for the prosecution of former House Speaker Nancy Pelosi, accusing her of insider trading related to a recent Visa stock trade. Speaking from Trump Tower in Manhattan, Trump zeroed in on Pelosi and her husband, Paul Pelosi, after a report surfaced about a stock sale involving Visa—one that occurred shortly before the Department of Justice announced a lawsuit against the financial giant.

“Nancy Pelosi has a little problem because her husband sold Visa stock… one day before it was announced Visa is being sued by the Department of Justice. Think of that!” Trump said during his address.

He emphasized the timing of the trade, suggesting it was more than coincidence. “Nancy Pelosi sold vast amounts of Visa stock one day before the big lawsuit that we all read about… You think it was luck? I don’t think. She should be prosecuted.”

Trump’s remarks stem from a trade Paul Pelosi made on July 3, selling approximately half a million dollars’ worth of Visa stock. Nearly three months later, the Department of Justice filed a civil antitrust lawsuit accusing Visa of monopolizing the debit card market, which caused the stock to fall by 5%. Trump’s allegations imply that Pelosi may have had advance knowledge of the lawsuit, though no evidence has been presented to support that claim.

Pelosi’s office quickly denied the accusation. A statement to the New York Post clarified that the former Speaker does not own any stocks herself and had no involvement in her husband’s transactions. “Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions,” the statement read.

Legal experts have weighed in, cautioning against jumping to conclusions. Ron Geffner, a former securities attorney, told the New York Post that insider trading accusations require more than just the timing of a sale. “Before public opinion judges Pelosi unfairly, it is important to determine who engaged in the transaction on her behalf as well as whether it was part of a broader change of her portfolio,” Geffner explained.

Trump’s critique of Pelosi didn’t stop at the stock trade. He also reiterated claims that she should be held accountable for allegedly refusing to authorize National Guard troops to protect the U.S. Capitol during the events of January 6, 2021. Trump has long argued that Pelosi’s decision played a role in the chaos that ensued during the Capitol riot.

The controversy over Paul Pelosi’s stock trades is not new. The Pelosis have faced scrutiny in the past for other timely transactions, leading to broader calls for legislation banning members of Congress and their families from trading individual stocks—a proposal that Nancy Pelosi herself resisted while serving as House Speaker.

Despite these accusations, there is no formal investigation into Pelosi or her husband regarding insider trading at this time. Nonetheless, Trump’s demand for prosecution adds to the ongoing political tension between the two and highlights the renewed focus on the financial dealings of lawmakers and their families.

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