Donald Trump said Rep. Nancy Pelosi (D-CA) should be prosecuted for insider trading.

“Nancy Pelosi has a little problem because her husband sold their Visa stock, they had a lot of Visa stock, one day before Visa was announced that Visa’s being sued by the Department of Justice,” Trump said.

“Nancy Pelosi sold vast amounts of Visa stock one day before the big lawsuit that we all read about a few days ago was brought against Visa,” he continued.

“Nancy Pelosi should be prosecuted for that,” he added.

WATCH:

From the New York Post:

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The former House speaker’s husband, Paul Pelosi, unloaded 2,000 shares of Visa stock worth between $500,000 and $1 million on July 1, financial disclosures show.

On Tuesday, less than three months after the massive transaction, Visa was hit with a DOJ lawsuit alleging that the company illegally monopolized the debit card market.

Trump, 78, suggested that Nancy was aware of the looming lawsuit and tipped off Paul before he dumped the stock.

“Trump called out the story we broke yesterday,” X account ‘Nancy Pelosi Stock Tracker’ wrote.

“To be clear, she sold a couple months before the DOJ lawsuit, not a day before But his point still remains, it’s a very bad look And why we’ll keep calling her out,” it added.

“Christopher Josephs, the tech entrepreneur who runs the ‘Nancy Pelosi Stock Tracker’ on X, posted a screenshot of a congressional filing on July 3 which showed that the former House speaker’s husband, Paul Pelosi, had sold 2,000 shares of Visa worth between $500,000 and $1 million,” the New York Post noted.

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* Image from Nancy Pelosi Stock Tracker X Post *

The New York Post noted:

The disclosure form shows that Pelosi’s transaction is marked “SP,” or spouse — a reference to husband Paul, the San Francisco-based venture capitalist and real estate investor.

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At the time Paul Pelosi sold Visa stock, there was no public indication that an antitrust lawsuit against the company was imminent.

Shares of Visa closed down 5.5% at $272.78.

“Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions,” the congresswoman’s spokesperson told The Post.

Nevertheless, critics have claimed that Nancy Pelosi’s perch in Washington gives her potential access to non-public information that is relevant to the markets.

“At various critical inflection points in history, members of our government have engaged in trading at a time which their conflicts are called into question,” Ron Geffner, a former enforcement attorney with the Securities and Exchange Commission, told The Post.

 

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