Reports: Pelosi's husband made huge Tesla buy prior to Biden's electric vehicle announcement
Move raises ethics concerns, watchdog claims.
The Facts Inside Our Reporter’s Notebook
Ethics watchdogs say the timing of large purchases of Tesla stock by House Speaker Nancy Pelosi's husband Paul raises ethics concerns due to an appearance of insider trading.
Paul Pelosi reportedly purchased up to $1 million in stock from electric car giant Tesla last month. President Joe Biden, meanwhile, announced this week that his administration intends to take the entire federal fleet of automobiles electric.
The move by Pelosi was "corrupt and unacceptable," TakeBack.org Executive Director John Pudner claimed in an interview with the Washington Times this week.
"Even if the actual charges are not provable beyond a reasonable doubt or trigger SEC action, the timing of trades with potential insider information always looks bad," a former federal prosecutor told the publication.
A spokesman for the speaker said that "her husband, not the speaker, made the Tesla bets and the speaker's political relationships were irrelevant," the Times reported.
News, Not Noise
- CIA shocker: Obama fundraiser says he was U.S. intel asset, alleges spy agency 'abuses'
- Gov. Pete Ricketts signs proclamation declaring Nebraska a 'Second Amendment Sanctuary State'
- Trump celebrates possibility that Murkowski may not seek reelection: 'Wouldn't that be great?'
- Graham calls Biden 'one of the most destabilizing presidents on foreign policy in modern history'
- Guatemalan government pushes back on U.S. claim of agreement to surge forces at Guatemalan border