Martha Stewart served 5 months in prison for similar insider trading. And Nancy Pelosi has a well-earned reputation for shady stock purchases herself, getting shares in lucrative IPOs and trading on inside information gleaned through Congressional meetings.
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Paul Pelosi Invested in SunEdison Weeks Before First Wind Purchase
WASHINGTON-- House Democratic Leader Nancy Pelosi’s husband bought up to a quarter million dollars of stock in SunEdison, a now financially troubled green energy company just weeks before it announced a major 2014 acquisition that sent its stock price soaring. SunE's 2014 purchase of wind energy company First Wind “further bolstered the reputation of the company,” wrote one market-watcher at the time. “Perhaps unsurprisingly, SunEdison’s stock soared 29% on news of this acquisition alone.”
Pelosi’s husband, Paul Pelosi, had invested just in time. He bought between $100,000 and $250,000 in SunEdison stock on Oct. 24, 2014, according to congressional financial disclosures. The company announced its First Wind acquisition on Nov. 17.
Pelosi has previously been accused of trading stock based on information gleaned through her official duties. A law passed in the wake of that controversy prohibits members of Congress from using nonpublic information for personal gain. Language in that measure was informally dubbed the 'Pelosi Provision.'
Pelosi’s office did not respond to questions about the timing of the purchase and whether she or her husband had any advance knowledge of the deal.
The clip starts automatically at the perfect moment. Pelosi is asked by Steve Croft about getting IPO shares in VISA while fighting a bill in Congress that would hurt VISA.
Full VideoApr 20, 2016 at 1:44 AM | DailyBailSHADY STOCK TRADES DOG PELOSI
Not to pat myself on the back, but this is the most-satisfying sub-headline I have ever written.Apr 20, 2016 at 1:44 AM | DailyBailGreat catch!Apr 20, 2016 at 7:11 AM | johnPaul Pelosi and his son Paul Jr. Marketvisual result: It is amazing who they are associated with….
That market visual link is interesting. I've got the website bookmarked.Apr 20, 2016 at 8:57 PM | DailyBailSAGE
Yeah, someone at the Fed has loose lips. We've seen shit leak repeatedly.Apr 20, 2016 at 9:00 PM | DailyBailWhile we were watching bodies fly at the Boston Marathon, Congress and Obama were repealing the STOCK Act.
In Midst of Boston Bombing, Obama Quietly Repeals Major ...
In Midst of Boston Bombing, Obama Quietly Repeals Major Part of Congressional Insider Trading LawApr 20, 2016 at 9:24 PM | BackgammonGAME-SET- MATCH…Go ahead and light it….
Pelosi to Obama: boost U.S. biofuels program ahead of Paris talks
U.S. House Democratic Leader Nancy Pelosi and three other lawmakers are pressing President Barack Obama not to back-peddle on the country's biofuels program just days ahead of global climate change talks in Paris.
The Democratic Representatives - Pelosi from California, Steny Hoyer from Maryland, Collin Peterson from Minnesota, and David Loebsack from Iowa - asked the administration to rethink a proposal for the controversial Renewable Fuel Standard and to keep the program "robust" in a letter dated Nov. 18.
The push comes just over a week ahead of a Nov. 30 deadline for the U.S. Environmental Protection Agency to finalize mandates for renewable fuels use through 2016. That date coincides with the start of the Paris discussions.
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FogFuels is Pleased to Announce the Addition of Paul Pelosi Jr. as Vice Chairman
ATLANTA, GA--(Marketwired - October 30, 2013) - Paul Pelosi Jr. joins Atlanta based FogFuels as Vice Chairman and a speaker on environmental policies that encourage individuals and local governments to take a more active role in conserving natural resources and reducing carbon footprints.May 8, 2016 at 5:26 PM | johnElected and re-elected by people in rags and flip-flops.Jan 1, 2019 at 11:13 AM | Zed
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