Pelosi Stuffs Her Pockets With Another Tell-Tale Scandal

Just as the House Judiciary Republicans announced a move to introduce a series of bills that seek to harness the power of Big Tech monopolies, House Speaker Nancy Pelosi and her husband earn millions.

How you might ask?

Nancy’s husband made a risky $6 million wager against Google’s parent company Alphabet, Amazon, Apple, and NVIDIA just as the Republicans unveiled their agenda to bolster antitrust legislation and potentially remove Section 230 from the Communications Act of 1996.

Paul Pelosi cashed on his Alphabet call options, which gave him the ability to buy over 4,000 shares of the company at $1,200 a share, adding up to nearly $5 million in revenue. In may he spent six figures on 50 call options for Apple, and nearly $1 million for the same deal at amazon. Both call options expire June 17, 2022 and if cashed in will make the Pelosi family happy millionaires.

Nancy Pelosi’s office immediately broke the silence after reports emerged of Paul’s financial endeavors.

“The speaker has no involvement or prior knowledge of these transactions. The speaker does not own any stock.”

Former Democratic House Representative Jill Long Thompson argued that Nancy Pelosi’s husband likely didn’t violate the STOCK Act, claiming that information regarding the legislation is publicly available and — despite his marriage to the House Speaker — he probably wouldn’t “have any information that someone else wouldn’t.”

Paul Pelosi in March exercised $1.95 million worth of Microsoft call options less than two weeks before the tech stalwart secured a $22 billion contract to supply U.S. Army combat troops with augmented reality headsets,” Fox explained.

In January, he purchased up to $1 million of Tesla calls before the Biden administration delivered its plans to provide incentives to promote the shift away from traditional automobiles and toward electric vehicles.

The effort by a number of House Members to introduce legislation to break up Big Tech giants Apple, Amazon, Google, and Facebook passed an initial hurdle in June, with a House committee approving the legislative move.

Author: Nolan Sheridan