Speaker of the House Nancy Pelosi found herself in the center of a firestorm following one of her husband’s most recent stock purchases, but his stock purchases have caught the media’s attention and come under scrutiny for quite some time.
Pelosi’s latest headache ignited after her husband Paul, who owns a San Francisco investment and consulting firm, bought more than $1 million in Nvidia, a computer chip company, just weeks before a congressional vote that would provide massive subsidies to the industry.
Pelosi said that Paul has never made stock purchases based on information she gave him when pressed by Fox News Digital on July 21. Her office also put the California Democrat at arm’s length away from Paul’s financial decisions.
“The Speaker does not own any stocks,” Drew Hammill, Pelosi’s communications director, told FOX Business. “The Speaker has no prior knowledge or subsequent involvement in any transactions.”