Tag: insider trading

Pelosi raked in millions last year — and her portfolio out-performed every large hedge fund with stunning returns

She might be the She-Wolf of Wall Street.

Rep. Nancy Pelosi (D-California) raked in between $7.8 and $42.5 million in 2024 — meaning her estimated net worth with venture capitalist hubby Paul Pelosi could now top out at $413 million, new financial disclosures showed.

The staggering sum is an eye-popping jump from 2023, when financial disclosures showed the couple’s net worth topping out at a possible $370 million.

Pelosi’s exact net worth is not known because lawmakers are only required to disclose ranges.

Market research firm Quiver Quantitative, which estimates a single figure based on daily stock values it tracks, placed the pair’s 2024 worth at $257 million — up $26 million from a year earlier.

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Bill Proposes Ban on Stock Trading for Congress Members

U.S. Senator Mark Kelly from Arizona has put forward a bill that aims to put an end to congressional stock trading. This legislation, known as the Ban Congressional Stock Trading Act, would require all members of Congress, along with their spouses and children, to place their stocks into a blind trust or sell them off. Kelly’s office insists this move is necessary to prevent any use of insider information for personal gain.

Kelly emphasized that as Americans struggle with rising living costs, they should not have to worry about their elected officials making money through insider trading. He was clear in his statement, “The only way to stop insider trading in Congress is to stop members of Congress from trading stocks. Period.” Kelly seems confident that the American public is on his side with this issue.

Backing up his stance, Kelly referenced a survey conducted by the Program for Public Consultation at the University of Maryland. The survey found that a staggering 86% of Americans support such legislation. This includes a solid majority across political lines: 88% of Democrats, 87% of Republicans, and 81% of Independents.

Kelly is hopeful that this bill will help restore trust in the government and address some of the issues plaguing Washington. Senator Jon Ossoff from Georgia has also taken up the cause, introducing the bill alongside Kelly. Ossoff pointed out that members of Congress have unique access to confidential information, which they could potentially exploit for financial gain.

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Stock market watchdog claims Nancy Pelosi raked in $4.7M in single day of trading

Stock market watchdog Quiver Quantitative announced Monday that Rep. Nancy Pelosi, D-Calif., had made millions in the market since that day’s opening bell.

The representative allegedly raked in $4.7 million, according to Quiver’s estimates. It claimed that figure inflated her overall net worth to $261.9 million.

An X account dedicated to tracking Rep. Pelosi’s stock market activity added the sum amounted to 26 times her annual salary.

A representative of Rep. Pelosi’s office told The National News Desk Tuesday the former House speaker does not own any stocks, adding that the tracked account belongs to her husband Paul Pelosi.

“Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions,” they wrote via email.

The findings come as lawmakers are renewing a push to ban members of Congress from trading stocks. Sens. Josh Hawley, R-Mo., Bernie Sanders, I-Vt., and John Fetterman, D-Pa., in 2024 voiced support for legislation to require lawmakers release control of their money by placing it in a blind trust.

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Sen. Josh Hawley: The Pelosis Beat Every Hedge Fund with Their Stock Trading

Former House Speaker Nancy Pelosi (D-CA) and her husband, Paul, have made hundreds of millions of dollars off Nancy’s insider knowledge, but Sen. Josh Hawley (R-MO) has a plan to stop it, he told Breitbart Editor-in-Chief Alex Marlow on Thursday’s episode of The Alex Marlow Show.

Hawley reintroduced the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act in April to ban members of Congress and their family members from being able to trade or hold stocks.

The bill’s namesake, former Speaker Nancy Pelosi (D-CA), has made “hundreds of millions” – despite a salary never higher than just over $200,000 – since her election to Congress. Hawley said that cannot be done following the law.

“You don’t do it legally,” Hawley said of Pelosi’s acquisition of wealth. “And here’s the thing, Nancy Pelosi and her husband last year, in 2024, beat every hedge fund in the nation, practically. So, either Nancy Pelosi is a mathematical and financial analyst genius… or maybe, maybe the information that she’s privy to turns out to be pretty darn valuable.”

“And everybody knows it’s the second thing. It’s just outrageous,” he added.

Hawley’s nonpartisan bill would be enforced for both Republicans and Democrats, but Pelosi is the most notorious offender.

Hawley said for her to have that success without breaking the law and using insider information, Nancy would have to be “a total financial genius, the likes of which comes along once every I don’t know, 1,000 years.”

Hawley believes elected officials staying in elected office longer than the founders intended is connected with the problem of members exploiting the office to enrich themselves. Its “no coincidence” that “the longer they’re here, the more ways they find to make money off of their jobs,” he told Marlow.

“Members of Congress are paid a salary. That’s fine, obviously, but we’re not talking about that,” he said. “We’re talking about millions and millions and millions of tens of millions of dollars – hundreds of millions, in the Pelosi case that they’ve made while she has been in office.”

Members of Congress “leveraging the office” to get rich is “the farthest thing from what the Founders intended,” Hawley said. “And really it’s a disaster for our system if it’s allowed to continue without any kind of check.”

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Can the PELOSI Act bring accountability to Congress?

Sen. Josh Hawley (R-Mo.) has reintroduced the aptly named PELOSI Act in Congress, which aims to ban members of Congress from engaging in insider trading.

The bill’s title, the PELOSI Act, stands for “Preventing Elected Leaders from Owning Securities and Investments” — which is essentially calling out former House Speaker Nancy Pelosi for the questionable way she made millions in the stock market.

“Most members of the public think it’s already banned,” Hawley explained in a statement regarding the proposed act. “And when I say, ‘Actually, it’s 100% legal,’ they say, ‘Why?’ And there’s no good answer to that question.”

“Nancy Pelosi is the poster child for all of this,” Sara Gonzales of “Sara Gonzales Unfiltered” comments. “I mean, you’ve seen her estimated net worth — $250 million.”

$175,000 a year in Congress for the 289 years that she’s been alive somehow ends up with a net worth of $250 million,” she continues.

The act would not completely ban elected officials from investing, as they could still invest in mutual funds, ETFs, and U.S. treasuries.

However, Gonzales isn’t hopeful things will change.

“The problem here is that I don’t think this will ever happen, because there are too many people on both sides of the aisle who are doing this right now,” Gonzales says. “They are profiting off of their position, and it just feels like there’s no end in sight.”

“You’ve got a couple of good guys like Josh Hawley who’s like, ‘Hey, we should do this.’ You’ve got a couple of good guys like Ted Cruz who are like, ‘Hey, we should have term limits.’ And the rest of them are like, ‘Nah, let’s just do this forever and get really rich,’” she adds.

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Senator Adam Schiff: I Will Investigate to Determine If Members of the White House Were Involved in Insider Trading Before Trump’s Tariff Announcement

Moonbat Senator Adam Schiff (D-CA) has gone completely crazy after President Trump proved once again why it’s unwise to doubt him about the art of the deal.

As The Gateway Pundit’s Cassandra MacDonald reported, Trump today announced an immediate tariff increase on China to 125%. He also granted a 90-day pause and tariff reduction to 10% for over 75 other countries.

Trump announced the tariff change on Truth Social, writing that it was due to China’s “lack of respect for the World’s Markets.”

An angry Schiff lashed out a few hours after Trump announced his new tariff policy. After receiving a question from a leftist ‘reporter’ regarding whether members of the White House were benefiting from “market fluctuations,” Schiff vowed to investigate whether Trump’s White House officials were involved in insider trading before Trump announced his new tariff policy.

“I’m writing to the White House to demand who knew in advance the president was going to flip-flop on tariffs and if people are cashing in,” Schiff said. “There is just all too much opportunity for people in the White House and the administration to be insider trading, and you can’t put it past them for a minute.”

“So we’re gonna try to find out,” he added.

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Look Out Pelosi! Elon Musk Announces Investigation into “Strangely Wealthy” Members of Congress During Wisconsin Rally

Several unjustly wealthy members of Congress, including one infamous far-left politician from San Francisco, may soon find themselves completely exposed by Elon Musk.

During a Sunday night town hall in Green Bay, Wisconsin, Musk revealed that he had noticed an inordinate number of multimillionaires in America’s legislative branch. He then vowed that he and DOGE would launch an investigation to stop this corrupt activity.
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“A lot of strangely wealthy members of Congress…Where I’m just trying to connect the dots of how did they become rich,” Musk told the audience. “How’d they get $20 million if they’re earning $200,000 a year?”

“No can explain that,” he added. “We’re gonna try to figure it out and certainly stop it from happening.”

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Elon Musk Drops Truth Bomb on Washington’s Corrupt Money Machine: “This is Really Going to Get Me Assassinated”

Elon Musk just dropped a bombshell on the Joe Rogan Experience, confirming what many Americans have long suspected—Washington, D.C. is a cesspool of corruption, and the Democrats are the primary beneficiaries.

“I think maybe three-quarters of the graft is Democratic. I think there’s maybe 20–25% that’s Republican,” Musk revealed, exposing how the system is rigged for political elites.

“Most of the graft is going to the Democrats, but they throw some bones to the Republicans too, so then they’re in on it.”

In a shocking but unsurprising exchange, Musk and Rogan discussed the absurd wealth accumulation of members of Congress, who are somehow able to transform their modest $170,000-a-year salaries into multimillion-dollar fortunes.

Musk didn’t hold back, stating, “It’s literally impossible” for these politicians to legally amass such wealth.

The conversation inevitably turned to one of the most notorious examples of Washington corruption: former House Speaker Nancy Pelosi and his husband Paul Pelosi.

It can be recalled that Paul Pelosi dumped over $500,000 worth of Visa stock just weeks before the Department of Justice slapped the financial giant with an antitrust lawsuit.

Following the lawsuit’s announcement, Visa’s stock price plummeted by 5.5%, leading to speculation about the timing of Pelosi’s stock sale.

Former President Donald Trump has publicly called for Nancy Pelosi to face prosecution over the transaction, suggesting that the sale was not coincidental.

“Nancy Pelosi sold vast amounts of Visa stock one day before the big lawsuit that we all read about a few days ago,” Trump said. “She should be prosecuted… Nancy Pelosi should be prosecuted for that.” 

This incident is not isolated. The Pelosis have a history of fortuitously timed trades that have consistently outperformed the market, leading to widespread speculation about the use of nonpublic information for personal gain.

For instance, in 2023, their investment portfolio reportedly achieved a 65% return, significantly surpassing the S&P 500’s 24% gain. ​

Moreover, in 2022, Paul Pelosi purchased over $1 million in Nvidia call options just weeks before a congressional vote on substantial subsidies to the chip manufacturing industry, raising further eyebrows about potential conflicts of interest.

In the same year, Paul Pelosi dumped 20,000 shares of Google stock in December—a month before the Department of Justice and Merrick Garland filed their antitrust lawsuit.

Nancy Pelosi has consistently denied any wrongdoing, asserting that she does not own any stocks and has no involvement in her husband’s financial transactions.

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Grant Cardone Calculates Nancy Pelosi Would Have To Be ‘1500 Years Old’ To Earn Her $120 Million Net Worth On Current Salary

Grant Cardone recently gave his take on Nancy Pelosi’s impressive $120 million net worth during a DJ Vlad interview and as usual, it came with his signature bluntness.

Cardone, a well-known real estate investor, didn’t hold back when he questioned how someone making a public servant’s salary of $179,000 could amass such a fortune. “Can’t do the math on it,” he said, calculating that Pelosi would have to be over 3,300 years old to build up that wealth if she lived solely on her paycheck.

But then he did the actual math using a calculator. After deducting taxes in California, he divided Pelosi’s net worth by her salary and determined she’d have to be 1500 years old to earn $120 million.

Now, Cardone’s tongue-in-cheek comment about Pelosi needing to be “1500 years old if she never spent one penny” may have raised eyebrows. Still, it highlights something people have been curious about for a while: how does a person in a position like hers achieve such financial success? It’s not a secret that Pelosi has a substantial stock portfolio and her trades are closely watched. Some even claim she’s one of the savviest investors in Congress.

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Nancy Pelosi’s husband sold more than $500K worth of Visa stock — just weeks before DOJ’s antitrust lawsuit

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.

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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