Paul Pelosi, husband of former Speaker of the House Nancy Pelosi, recently offloaded more than $500,000 in Visa stock, mere weeks before the Department of Justice (DOJ) filed an antitrust lawsuit against the financial powerhouse.

As reported by The New York Post, this timing raises eyebrows, as Visa, a leading player in the debit card industry, now faces accusations of monopolizing the market.

The DOJ’s antitrust division alleges that Visa leveraged its overwhelming market share to suppress competition, forcing financial technology companies to rely on its services.

BREAKING 🚨:

The DOJ plans to open up a lawsuit against Visa saying they illegally monopolized the US debit card market

Pelosi sold ~$1 Million dollars of Visa $V just 2 months ago

Wild.

— Nancy Pelosi Stock Tracker ♟ (@PelosiTracker_) September 24, 2024

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Their dominance, as the DOJ claims, prevents smaller competitors from gaining a foothold in the market. According to the complaint, Visa processes over 60% of U.S. debit transactions, pocketing more than $7 billion annually in fees.

The lawsuit further accuses Visa of insulating itself from competition by locking merchants and banks into restrictive contracts. These agreements discourage customers from exploring alternative payment systems by imposing penalties for those who opt for other networks.

Visa’s strategy, as the DOJ asserts, involves not only maintaining its stronghold but also co-opting potential competitors by offering them generous financial incentives. In doing so, Visa has allegedly stifled innovation and choice in the debit card industry.

While the DOJ built its case, Paul Pelosi was busy offloading his stock. On July 3rd, he sold 2,000 shares of Visa, valued between $500,000 and $1 million, just months before the DOJ’s lawsuit went public.

Nancy Pelosi’s office was quick to issue a statement denying any impropriety, insisting that the former Speaker has no involvement in her husband’s financial dealings. “Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions,” a spokesperson told The New York Post.

pic.twitter.com/ixUImNlale

— Not Jerome Powell (@alifarhat79) July 3, 2024

Visa’s stock took a nosedive, dropping 5.5% after the lawsuit became public knowledge. However, Paul Pelosi’s timely sale allowed him to sidestep the losses, leaving many wondering just how much insider knowledge the Pelosi household had.

Paul and Nancy Pelosi sold ($500K) of visa stocks just before the DOJ anti-trust lawsuit

Here's Steve Kroft in 2008 asking her if she thinks it's a conflict of interest for a Speaker to have such a lucrative investment from Visa

This video wins X today and it's still early pic.twitter.com/ZYMHsyfUsx

— @Chicago1Ray 🇺🇸 (@Chicago1Ray) September 25, 2024

Was Paul Pelosi’s sale purely coincidental, or did his wife’s position in the Democratic leadership give him a tip-off? Public records show a pattern of well-timed stock moves by Pelosi.

In December 2022, Paul Pelosi dumped 20,000 shares of Google stock, weeks before the DOJ slapped Alphabet with an antitrust lawsuit, as reported by the Gateway Pundit.

Similarly, he sold all his NVIDIA stock in 2022, right before Congress voted on a bill to boost semiconductor production. It begs the question: how much did Nancy Pelosi know, and did her husband capitalize on her connections?