[Conservative Journal Review] So, we have reported before on how House Speaker Nancy Pelosi’s (D-CA) husband has cashed in on what appears to be insider information. That report focused on the Tesla shares that Paul Pelosi had made.
Today, we found out that Paul Pelosi made another huge stock purchase, conveniently, with a company that landed a huge government contract, making him millions in the process.
BIG PURCHASES, BIG PROFITS
Last month, Paul Pelosi exercised options to buy 15,000 shares of Microsoft at a strike price of $130 per share.
Additionally, his venture capital firm purchased another 10,000 shares of the stock at $140 per share.
Since Pelosi made the purchase, the company’s stock has risen by more than 11 percent, up to roughly $255 per share.
By my math, that is roughly $3 million in profits since he made the purchase.
Conveniently, about two weeks after Pelosi made his purchase, the government announced a massive $22 billion contract going to Microsoft to supply the Army with augmented reality headsets.
Pelosi also purchased 10,000 shares of a company called Roblox Corp.
This purchase was made on March 10, and the stock has since gone up from $64.50 per share to about $80 per share.
Now, Nancy Pelosi can make any statement she wants, but there is simply no way anyone can convince me that Paul Pelosi was not told about the government contract that Microsoft was getting.
This is the utter definition of insider trading and it is a safe assumption that the majority of Congress are making trades like this all the time.
You simply cannot accumulate tens of millions in net worth making $150,000 a year unless you are a virtually perfect trader or you are getting inside information.
I am going to vote for the latter in this case.