When I saw the Fox News alert that someone in Congress had been indicted for insider trading, I was hoping beyond hope that they were finally going after House Speaker Nancy Pelosi (D-CA).
Unfortunately, that was not the case.
Instead, it was former GOP congressman Stephen Buyer.
Somehow, Pelosi keeps avoiding heat for her husband’s blatant insider trades.
Buyer was in Congress from 1993 to 2011.
His charges are in relation to the Sprint-T-Mobile merger.
Buyer had made a significant purchase of Sprint stock just before the merger.
The former congressman netted a tidy $126,404 for his efforts.
He is now facing four counts of fraud tied to the purchase.
Buyer will be fighting the charges, claiming complete innocence.
His attorney stated, “Congressman Buyer is innocent. His stock trades were lawful. He looks forward to being quickly vindicated.”
Left or right, I could care less, everyone involved in these insider deals needs to be prosecuted.
I will not pass judgment on this case until it all plays out, but I will say this is small potatoes compared to the nonsense Pelosi has been pulling.
Eye on the prize, folks… how about we start looking at Paul Pelosi next?
Source: New York Post