News broke Wednesday that former House Speaker Nancy Pelosi (D-CA) had disclosed the sale of between $1.5 million and $3 million worth of shares in Google’s parent company, Alphabet, just a few weeks before the Department of Justice announced an antitrust lawsuit against the tech giant.
Nancy and her husband Paul, who is often the person actually making the trades, have been accused multiple times in the past of using her position in the federal government to make advantageous moves in the stock market. The couple sold their Nvidia stock, albeit at a loss, right before the U.S. government announced new restrictions on the sale of computer chips to China and Russia, while Paul bought $6 million in tech options as Congress debated antitrust measures against Big Tech companies.
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