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Trump calls for ‘prosecution’ of Nancy Pelosi over Visa stock trading

Former President Donald Trump said Thursday that he believes Rep. Nancy Pelosi (D-Calif.) “should be prosecuted” for trading her husband’s Visa stock ahead of the Justice Department’s lawsuit against the credit card giant.

“Nancy Pelosi has a little problem because her husband sold their Visa stock – she had a lot of it – the day before they announced that the Department of Justice was suing Visa,” the GOP nominee said during a news conference at Trump Tower in New York.

Financial disclosures show that on July 1, former House Speaker Paul Pelosi’s husband sold 2,000 shares of Visa stock worth between $500,000 and $1 million.

Former President Donald Trump said Thursday that he believes Rep. Nancy Pelosi (D-Calif.) “should be prosecuted” over her husband’s trading of Visa stock. JUSTIN LANE/EPA-EFE/Shutterstock

On Tuesday, less than three months after the massive transaction, Visa received a lawsuit from the Department of Justice accusing it of illegally monopolizing the debit card market.

Trump, 78, suggested that Nancy was aware of the impending lawsuit and let Paul know before he dumped the stock.

“Think about it. “Nancy Pelosi sold huge amounts of Visa stock the day before the big trial we all read about a few days ago,” he said.

“Do you think it was luck? I don’t.”

“She should be prosecuted,” Trump said. “Nancy Pelosi should be prosecuted for this.”

Nancy Pelosi’s husband, Paul Pelosi, sold 2,000 shares of Visa stock on July 1, worth between $500,000 and $1 million, according to financial disclosures. AP
Trump, 78, suggested that Nancy was aware of the impending lawsuit and let Paul know before he dumped the stock. AP

A spokesman for the 84-year-old congresswoman did not immediately respond to The Post’s request for comment.

At the time Paul sold Visa shares, there was no indication that an antitrust lawsuit against the company was imminent.

On the day the lawsuit was announced, Visa’s shares fell by 5.5%.

At the time Paul sold Visa shares, there was no indication that an antitrust lawsuit against the company was imminent. AP

Paul, who survived a brutal hammer attack at their San Francisco home two years ago, is a venture capitalist and real estate investor.

“Speaker Pelosi owns no shares and had no prior knowledge or subsequent involvement in any transactions,” Nancy’s spokesman told The Post earlier this week.