Former House Speaker Nancy Pelosi, once again, was caught insider trading after it emerged that the 82-year-old politician sold 30,000 shares of Alphabet for nearly $3 million a month before the Justice Department announced an antitrust lawsuit against Google.
On January 24, the US Justice Department and eight states announced a lawsuit against Google alleging that the tech giant had a monopoly over Internet search traffic and took anti-competitive actions.
Pelosi’s husband also found himself in a similar situation last year when he traded $1 million to $5 million worth of semiconductor stocks days before Congress passed legislation that would provide the industry with $52 million.
Earlier Tuesday, the PELOSI Act was introduced in the Senate, which would ban members of Congress from trading in the stock market.
