Legalized Insider Trading
It is OK for members of Congress to trade on inside information including government contracts before deals are announced.
House Speaker Nancy Pelosi did just that, rather, her husband did.
Purchase of Stock Via Call Options
Barron’s reports Nancy Pelosi’s Husband Bought Roblox, Microsoft Stock
The Barron’s article is behind a paywall. Fox News also reports the same thing: Pelosi’s Husband Bought $10M in Microsoft Shares Through Options.
House Speaker Nancy Pelosi’s husband purchased millions of dollars worth of Microsoft (MSFT) and Roblox (RBLX) shares last month, new financial disclosures form reveal.
Paul Pelosi exercised call options and paid $1.95 million to buy 15,000 shares of Microsoft at a strike price of $130 on March 19, according to an April 9th filing with the House clerk. That same day, Pelosi, who owns and operates a California venture capital investment and consulting firm, paid $1.4 million for 10,000 shares valued at $140 apiece.
Since Pelosi made the purchase, Microsoft share prices have climbed from about $230 to roughly $255 – an increase of close to 11% – after the company secured a lucrative government contract worth nearly $22 billion to supply U.S. Army combat troops with augmented reality headsets. The deal was announced on March 31.
Black Lives Matter issued a statement Tuesday asserting that any accusations of wrongdoing against co-founder Patrisse Khan-Cullors misusing funds are yet another example of white supremacy.
As details continue to emerge of the property spending splurge that the self proclaimed marxist activist has been on, as well as details of yet more grifting activities, and even as other leaders call for investigations, the organisation claimed that the whole thing is a “false and dangerous story” being pushed by “right wing forces” and “white supremacists”.
In other words, they injected race into the issue… again.
A police oversight commission promised by US President Joe Biden during his election campaign has been put on hold, as the move was considered “not the most effective” against police brutality, Domestic Policy Council Director Susan Rice told Politico.
Biden pledged to establish a police watchdog within the first 100 days of his presidency last June, in the wake of the death of African-American citizen George Floyd while being arrested by a white police officer. The incident sparked mass protests against racially-motivated police brutality.
“Based on close, respectful consultation with partners in the civil rights community, the administration made the considered judgement that a police commission, at this time, would not be the most effective way to deliver on our top priority in this area, which is to sign the George Floyd Justice in Policing Act into law,” Rice said in a statement late on Sunday.
The authorities held consultations with police unions as well and concluded that an oversight commission would likely be redundant.
According to a recent investigation by the state of New Hampshire’s attorney general’s office, a state-run youth detention center has been ground zero for an utterly horrifying child torture and sex abuse ring spanning the course of decades. According to officials and a recent lawsuit, hundreds of victims have come forward alleging the abuse by over 100 government employees, and multiple arrests have been made.
The abuse took place at the Sununu Youth Services Center, formerly known as the Youth Development Center. In 2019, the taxpayer funded center became the subject of an investigation after two staffers were arrested. The two former staffers were charged with 82 counts of child rape.
According to investigators, however, those charges were all temporarily dropped in order to expand the investigation. Now, two years later, the original two staffers have been re-arrested as well as six others for their roles in the child rape and torture ring which spanned decades
Though, according to the AP, the attorney general’s office didn’t comment on the possibility of further arrests, they did announce that this was “merely a step forward” and that the investigation will continue — implying that there are many more abusers to go after.
“Today’s arrests make clear that this administration is committed to holding these perpetrators accountable for their detestable actions,” said Gov. Chris Sununu — the facility’s namesake. “This is not over, and we will continue to investigate these horrific allegations.”