Was This Stock Purchase by Pelosi Corrupt? – DC Watchdog

Was This Stock Purchase by Pelosi Corrupt?

A watchdog group has called out House Speaker Nancy Pelosi for a very profitable Tesla stock deal shortly before the Biden administration released plans to make the federal automobile fleet electric,” according to The Washington Times.

Last month, Paul Pelosi, a wealthy venture capitalist and husband of the California Democrat, bought up to $1 million worth of Tesla stock when the price was roughly $640.34 a share. The price had shot up to $838 a share by Thursday on the Nasdaq exchange. [emphasis added]

“Tesla stock has been a darling of Wall Street for years, and the company stands to reap huge profits if the federal government moves to an all-electric fleet. [emphasis added]

“‘It’s corrupt and unacceptable for members of Congress, particularly the speaker, to trade stocks in companies affected by their votes in Congress,’ said John Pudner, executive director of TakeBack.org, a conservative political reform organization focused on pay-to-play corruption.”

For more on this story, go to The Washington Times.

We value free speech. Please share your opinion in the comment section. Do you believe Nancy Pelosi is corrupt? Why or why not?