Former US House Speaker Nancy Pelosi’s husband was exposed for selling about 30,000 shares of Google stock in December, a new report revealed.
In December, Paul Pelosi allegedly sold 30,000 shares of Google stocks.
According to the reports, the transactions took place a month prior to the lawsuit filed by the US Department of Justice Department and eight states against the tech giant over antitrust violations allegations.
The 82-year old husband of Nancy Pelosi reportedly sold the shares in Alphabet which is Google’s holding company.
Moreover, the report also revealed that Multimillionaire Pelosi, who is currently running an investment and venture capital firm based in San Francisco, sold them in three different transactions that took place from December 20 to 28 of last year.
This came after Fox Business cited congressional disclosure files in its exclusive report on Wednesday.
In the Periodic Transaction Report filing made by Nancy Pelosi on January 12, it was revealed that the amounts ranged between $500,001 and $1 million.
Fox News also claimed that the transactions yielded capital gains of over $200. However, at the time of writing, the total amount is still unclear.
In an exclusive report published by the New York Post, it was revealed that “The Justice Department and eight states announced on Tuesday that they were suing Google for monopolizing the digital advertising market.”
During a news conference, Attorney General Merrick Garland addressed the lawsuit and said, “We allege that Google has used anti-competitive, exclusionary and unlawful conduct to eliminate or severely diminish any threat to its dominance over digital advertising technologies.”
Meanwhile, on Tuesday, Sen. Josh Hawley (R-Mo.), introduced a bill called the “Preventing Elected Leaders from Owning Securities and Investments Act” and targeted the former Democratic leader.
“People have asked why I named my stock trade ban the PELOSI Act. Now you know,” Hawley said in a statement and linked his post to reports about the Google stock.
On Wednesday, Hawley told Fox News that “When voters send members of Congress to Washington, they expect them to do the people’s business, not to be day trading on the stock market, not to be using the information they get from briefings to go and make a quick buck on Wall Street.”
