America’s favorite white-collar criminals are back at it. Nancy Pelosi’s husband, Paul Pelosi, invested $5 in NVIDIA stocks just before a vote on subsidies that would increase the manufacturing of computer chips.
The Daily Caller reported that Paul Pelosi purchased 20,000 shares of Nvidia, one of the world’s largest semiconductor companies, on June 17, according to the speaker’s disclosure report released Thursday. Now, senators will convene as early as Tuesday to vote on a bipartisan competition bill, which allocates $52 billion to boost domestic semiconductor manufacturing and gives tax credits for production, Reuters reported Thursday.
“It certainly raises the specter that Paul Pelosi could have access to some insider legislative information,” said Craig Holman, a government affairs lobbyist for Public Citizen
Paul Pelosi has an inside track and a deep understanding of the sentiment on Capitol Hill. His wife is the speaker of the House of Representatives and likely knows what will happen before it does.
With this inside track, assuming that his wife tells him about her work life Paul Pelosi is practicing insider trading, and Nancy is benefiting from his financial gain.