Some companies owned by wealthy celebrities that received millions from the government-funded Paycheck Protection Program, intend to help small businesses survive the pandemic, will reportedly not have to repay the money.Read More
Nancy Pelosi and her husband Paul “appear to have taken advantage of inside information” in connection with stock trades, a former Federal Reserve Bank president said Thursday.
“Clearly people have taken advantage of inside information forever,” said Richard Fischer, who chaired the Federal Reserve of Dallas between 2005 and 2015, on CNBC’s “Squawk Box.” “I’m sorry to see that Paul Pelosi and Nancy Pelosi and others appear to have taken advantage of inside information. Something needs to be done.”Read More
Paul Pelosi, House Speaker Nancy Pelosi’s husband, purchased between $1 million and $5 million of stock in a semiconductor company ahead of an upcoming vote on legislation containing $52 billion for chipmakers — the latest in a long history of similar purchases.Read More
House Speaker Nancy Pelosi’s husband Paul was charged Thursday with two alcohol-related misdemeanors after a driving collision in May that led to his arrest, according to the Napa County District Attorney’s office.
Pelosi was charged with driving under the influence of alcohol with injury and driving with a .08% blood alcohol level or higher causing injury, the district attorney’s office said Thursday in a press release. The lawmaker’s husband, a venture capitalist living in San Francisco, was arrested and taken to the Napa County Detention Center in late May.Read More
House Speaker Nancy Pelosi’s husband purchased 2,500 shares of Tesla stock amid Democrats’ push for increased green energy spending.
Paul Pelosi, the Democratic House leader’s millionaire husband, purchased the tranche of Tesla stock on Thursday, when the company’s share price reached about $872 per share by the end of day, according to congressional filings published Monday. Pelosi bought the shares, worth roughly $2.18 million at the time, at a strike price of $500 per share.Read More
Peter Schweizer, author of the 2011 book “Throw Them All Out,” said it’s still “very hard” to prove a member of Congress has engaged in insider trading despite the passage of the STOCK Act almost 10 years ago.
Schweizer called on Congress to ban lawmakers from buying and selling individual stocks.Read More