Paul Pelosi Sold $500,000 Visa Stock Weeks Before DOJ Antitrust Lawsuit

Sep 24, 2024, 08:35 PM

Paul Pelosi, husband of Nancy Pelosi, sold nearly $1 million worth of Visa stock on July 1, just weeks before the Department of Justice (DOJ) announced an antitrust lawsuit against the payment merchant. The DOJ's lawsuit accuses Visa of monopolizing the debit card market and affecting the price of nearly everything. Paul Pelosi sold 2,000 shares of Visa, valued between $500,000 and $1 million, within the last three months. The stock sale has drawn significant attention due to its timing relative to the DOJ's legal action.