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September 24, 2024 at 5:41 pm

SHOT: Nancy Pelosi’s Husband Sold More Than $500k Worth of VISA Stock — Just Weeks Before DOJ’s Antitrust Lawsuit…

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by Ariel Zilber at New York Post

Nancy Pelosi’s husband unloaded more than $500,000 worth of Visa stock — less than three months before the credit card giant was slapped with federal antitrust charges, public documents show.

Visa was hit with a lawsuit on Tuesday that alleged the company has illegally monopolized the debit card market — the culmination of a years-long review conducted by the Justice Department’s antitrust unit.

Visa allegedly used its dominant market position to penalize customers and merchants who use competing payment processors, according to court papers.

Former House Speaker Nancy Pelosi's husband sold shares of Visa in early July -- weeks before the Justice Department was reportedly set to file an antitrust lawsuit against the company.
Former House Speaker Nancy Pelosi’s husband sold shares of Visa in early July — weeks before the Justice Department was reportedly set to file an antitrust lawsuit against the company.Getty Images for The Atlantic

Antitrust cops also allege that Visa forces financial tech firms to work with it by threatening to penalize those who don’t.

The Post has sought comment from Visa.

Meanwhile, Christopher Josephs,  the tech entrepreneur who runs the “Nancy Pelosi Stock Tracker” on X, posted a screenshot of a congressional filing on July 3 which showed that the former House speaker’s husband, Paul Pelosi, had sold 2,000 shares of Visa worth between $500,000 and $1 million…
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