PELOSI MADE MILLIONS: After Congressional Coronavirus Meetings, Pelosi Bought $5 Million In Amazon Stock Before U.S. Retailers Were Forced To Close
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.
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
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.
https://dcdirtylaundry.com/pelosi-made-millions-after-congressional-coronavirus-meetings-pelosi-bought-5-million-in-amazon-stock-before-u-s-retailers-were-forced-to-close/