Former president donald trump has called for the prosecution of the former speaker of the House Nancy Pelosi (D-Calif.) for the death of her husband Visa Inc. V stock market operations. Trump suggested Pelosi was involved in insider trading.
What happened: During a press conference at Trump Tower in New York, Trump stated that Paul Pelosiwho is a venture capitalist and real estate investor, sold a significant amount of Visa stock just before the Department of Justice announced a lawsuit against the credit card company.
Financial disclosures show that Paul Pelosi sold 2,000 Visa shares, valued between $500,000 and $1 million, on July 1.
On Tuesday, nearly three months after the sale, Visa faced a lawsuit from the Justice Department for allegedly monopolizing the debit card market. Trump implied that Nancy Pelosi had prior knowledge of the lawsuit and informed her husband.
“Think about that. “Nancy Pelosi sold large amounts of Visa stock one day before the big lawsuit we all read about a few days ago,” Trump said. It should be noted that “Nancy Pelosi Stock Tracker” (an account on mentioned commerce on Tuesday, which is the same day the Department of Justice sued the payment processor.
Account Tracker X described it as a “bad look.”
Trump, 78, firmly stated: “She should be prosecuted. Nancy Pelosi should be prosecuted for that.”
Visa shares fell 5.5% on the day the lawsuit was announced, according to data from Benzinga Pro.
See also: How to make $500 a month with Nvidia stock
Why is it important: The call for judicial action comes amid a heated political climate. Recently, Nancy Pelosi has openly expressed her stance against Trump. On Tuesday, he urged voters to ignore Trump's “insults and conspiracies” and focus on electing the Democratic presidential nominee. Kamala Harris and other Democrats.
Pelosi has also been involved in other major political debates. In August he opposed a bill aimed at regulating the development of artificial intelligence in California, showing his influence in legislative matters.
Additionally, Pelosi has emphasized the importance of unity in the country. In early September, he expressed his commitment to ensuring that Trump is not re-elected, highlighting the ongoing political rivalry between the two figures.
Read next:
Image via Shutterstock
Disclaimer: This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Benzinga editors.
Market news and data provided by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.