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April 20, 2016
Is Pelosi's husband guilty of insider trading?
In late October 2014, Nancy Pelosi's husband Paul purchased between $100,000 and $250,000 in stock from green energy company Sun Edison. Just three weeks later, the company acquired First Wind, a wind power company. The purchase caused Sun Edison's stock to soar 29%. Coincidence? Or did Paul Pelosi act on information that came to his wife in her duties as House minority leader? Washington Free Beacon: Pelosi’s office did not respond to questions about the timing of the purchase and whether she or her husband had any advance knowledge of the deal. Pelosi has previously been accused of trading stock based on information gleaned through her official duties. She participated in Visa’s initial public offering as the company fought a House bill to subject credit card companies to increased regulation. The measure failed to pass. A law passed in the wake of that controversy prohibits members of Congress from using...(Read Full Post)