PELOSI MADE MILLIONS: After Congressional Coronavirus Meetings, Pelosi Bought $5 Million in Amazon Stock Before U.S. Retailers Were Forced to Close

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Where is the SEC? Where are the prosecutions?

After Congressional Coronavirus Meetings, Pelosi Bought $5 Million in Amazon Stock Before U.S. Retailers Were Forced to Close; And She Already Made Millions – True Pundit

Speaker of the House Nancy Pelosi and her husband are cashing in already on $5 million of Amazon stock purchased during the time frame that closed-door coronavirus meetings were being conducted in Congress.

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As of Tuesday morning, the Pelosi stock purchase had already earned the couple $1.1 million in less than 10 weeks. The Amazon share price climbed close to $2,000 on Tuesday. Paul Pelosi, the speaker’s husband, got in at a price of $1,600 per share and grabbed 3,000 shares on Jan. 17, according to financial disclosure filings.

Nancy Pelosi’s Husband Bought Up Slack, Microsoft, and Alphabet Securities

By Ed Lin, Barrons, April 2, 2020:

In late February, when the U.S. stock market was in the early stages of slipping on news of the coronavirus outbreak, House Speaker Nancy Pelosi’s husband, Paul, began buying up tech stocks and stock options.

Paul Pelosi, a businessman and investor, paid up to $3.3 million in total to buy Alphabet (ticker: GOOGL) and Microsoft (MSFT) stock options, and Slack Technologies stock (WORK), an April 1 regulatory filing from Speaker Pelosi shows. All three stocks have been outperforming the broader market, as measured by the S&P 500 index, although only Slack stock sports a year-to-date gain.

These appear to be recent investments by Paul Pelosi in securities of those companies. Speaker Pelosi’s annual financial disclosure report for 2018, the latest one available, shows no Alphabet or Microsoft investments. (Slack shares didn’t trade publicly until last year.) Her filings since then showed no investments in any of the three companies. Public officials, their spouses, and dependent children are all generally required to report transactions within 30 days, but the deadline can be extended.

Speaker Pelosi and Paul Pelosi didn’t immediately respond to requests for comment on the transactions.

On Feb. 20, Paul Pelosi purchased 10,000 Slack shares, valued at a range of $500,001 to $1 million. Specific values aren’t required for disclosure, only ranges. The shares he purchased that day appear to be showing a small loss, if Paul Pelosi still owns them. Slack stock closed that day at $27.49, and the low for it was $26.52. Shares were trading Thursday morning at $25.64 for a year-to-date gain of 14.1%. The S&P 500 index is down 22.5% for 2020.

From Feb. 21-28, Paul Pelosi paid between $850,003 and $1.75 million for Microsoft stock options. He acquired a total of 150 call-option contracts to buy Microsoft stock at $130 each, and 100 call-option contracts to buy the stock at $140 each. The options expire March 31, 2021.

An option contract is typically for 100 shares each, and call options are financial contracts that give investors the right, but not the obligation, to buy stock at a predetermined price. Microsoft shares, which traded in March for as little as $135.00—within the range of the purchase price of his options—were trading Thursday for $153.63 for a loss of 2.6% year to date.

On Feb. 27, Paul Pelosi paid between $500,001 and $1 million for 40 call-option contracts that give him the right to buy Alphabet’s class A shares at $1,200 each. The options expire June 18, 2021. On the day Pelosi bought the options contracts, the shares traded for as little as $1,314.24 and closed a little higher than that $1,314.95. March saw Alphabet stock slide, and on Thursday shares were trading for $1,110.32, a year-to-date loss of 16.9%.

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Philip
Philip
3 years ago

What can we possibly say? They are our “betters” they are our “elites” of course they will prosper even if we suffer.

Philip
Philip
3 years ago
Reply to  Philip

What chance do we have against those who have insider information? I thought that was supposed to be illegal. Silly me. Lucky them and their extended families. It must be easy to have seven kids and fourteen grandkids when you know more than most folks. Good for them, I hope they all get into politics. Hint: they all will.

Jeff
Jeff
3 years ago

Why aren’t the gutless republican start their own committee to investigate criminal Pelosi???

tituspullo
tituspullo
3 years ago
Reply to  Jeff

because they are doing it too. everyone in DC is corrupt

Drifter
Drifter
3 years ago
Reply to  tituspullo

Overly broad generalities get a lot of upvotes with people that don’t think very much.

tituspullo
tituspullo
3 years ago
Reply to  Drifter

unfortunately, it’s not an overly broad generality, and you are guilty of such with your overly broad generality of the intelligence of people who know that DC stinks. really, why is it that the only place you can find out about pelosi’s obvious criminal conduct is on this website? why is it that everyone in on the illegal coup against trump still has their job in DC? the fact is it would take a diogenes to find an honest man in DC

tituspullo
tituspullo
3 years ago

wow, not a peep about this elsewhere. imagine if ted cruz or tom cotton enriched themselves like this. no wonder crazy aunt nancy has nothing to say about the NC senator who is being crucified for doing this

Mohammed_Goldberg
Mohammed_Goldberg
3 years ago

Congressional members of both parties, and their families and friends, always make money on laws/acts they make into law. It’s on of their perks they keep quiet about. And, it has been going on for decades.

we are not blessed
we are not blessed
3 years ago

retailers???air stewards in oz get all the retail jobs at Coles and woollies..
then when COVID 19 gets eradicated these same air hostess get their old job back. talk about each person that is non air hostess getting a job at Coles Kmart woollies. not fair Jan!!!!

we are not blessed
we are not blessed
3 years ago

retailers????!!
air stewards in Oz get top priority for retail jobs at Coles woollies Kmart to name a few. not fair Jan!!
then when COVID 19 gets eradicated these same air stewards get their old jobs back. zilch for the person who tries to get these retail jobs innit?

WolfNippleChips
WolfNippleChips
3 years ago

Mr. Tar meet Mr. Feather.

Lee
Lee
3 years ago

I made $300.00 on American Airlines. Me they will investigate. Yes, Nancy should be called out for this. She is too much of an asset for the Republican’s to remove her. Joe will not only have to answer for Hunter but now for Nancy….

volksnut
volksnut
3 years ago

now she can take care of all the illegals – as well as all the rest of the crap in her home town –

jerrys
jerrys
3 years ago

Strip the assets of the Pelosies, The obamas and all the other traitors who have sold out America for their personal gain. They should be prosecuted and punished for selling out their country. Forbes magazine listed the assets of the obama’s at almost $3 Billion. Time for vigilanties with the pitchforks.

linda goudsmit
linda goudsmit
3 years ago

Trump derangement syndrome on capitol hill is driven by fear of exposure. Of course Pelosi desperately wants Trump out of office – so do the Bidens, the Kerrys, the Clintons, the Feinsteins, and the Obamas! If the Democrats prevail ALL investigations into their corruption and political malfeasance ends.

Mathew M
Mathew M
3 years ago

Way to go BILL BARR, it’s still on our streets doing all it can do to destroy America, You sit at your desk eating fritos and doing nothing else, Oh’ yes your investigating two Republicans for insider trading. POS…..

Drifter
Drifter
3 years ago
Reply to  Mathew M

Why don’t you enlighten people with a few facts?

John Acord
John Acord
3 years ago

No new news here.Its just SOP for politicians of both parties.

Drifter
Drifter
3 years ago
Reply to  John Acord

Overly broad generalities are what they want to hear because that means that not action will be taken…

Drifter
Drifter
3 years ago

When is this insider trading going to be prosecuted?

Ed Leicht
Ed Leicht
3 years ago

Its all about the money folks, dont let anyone fool you…

dilsin
dilsin
3 years ago

Check your reporting….AMZN hasn’t been at the 1600 level since Mar 2019. On Jan 17, 2020, it was trading in the 1850-1890 range. The pandemic low was 1626 on March 16, 2020.

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