<p>Former Speaker and current House Minority Leader Nancy Pelosi came under fire a few years ago when she used nonpublic information to make stock trading decisions. Now, her husband Paul is ;being accused of the same thing. ;</p>
<p>On November 17th of last year, green energy company SunEdison (SUNE) announced it would be purchasing the wind energy company First Wind. ;&ldquo;Perhaps unsurprisingly, SunEdison&rsquo;s stock soared an astounding 29% on news of this acquisition alone,&rdquo; wrote a market-watcher. ;</p>
<p>What <em>is surprising</em> is that Paul Pelosi had invested nearly a quarter of a million dollars in SUNE stock just a few weeks earlier, on October 24th. ;<em>Is he guilty of insider trading? ;</em></p>
<p>Paul&rsquo;s office refused to answer any questions regarding his timely investment with SunEdison, but as I mentioned above, this isn&rsquo;t the first time a Pelosi has made a very &#8220;lucky&#8221; investment. ;</p>
<p>Nancy was accused of trading based on information gathered through her official duties as representative a few years ago as she was busy fighting a House bill involving credit cards &#8211; and simultaneously busy buying up Visa stock when the company went public. ;</p>
<p>Nancy&rsquo;s unscrupulous actions influenced the passing of a law that prohibits all members of Congress from using nonpublic information for trading and other personal gains. The bill was termed the &ldquo;Pelosi Provision.&rdquo; ;It seems she is now using her husband for such trades. <em>But, as they say, what comes around goes around: ;</em></p>
<p>As reported by USA Today on April 21st, SunEdison has filed for Chapter 11 bankruptcy. As it turns out, the First Wind acquisition was part of a larger expansion that left the company in considerable debt. ;Things were okay until the botched Vivint Solar merger last summer. SunEdison had ;&#8220;no ;option but to file for bankruptcy after the Vivint merger fell through and it became clear no additional sources of liquidity were forthcoming,&#8221; explains Max Frumes, senior editor of Reorg Research. ;</p>
<p>Throughout its financial decline, SunEdison has maintained a presence in Washington with over $1 million spent on lobbying. ;In recent years, SunEdison has employed lobbyists with Podesta Group and green-energy focused lobbying firm 38 North Solutions in an attempt to preserve federal tax credits for the renewable energy sector. ;</p>
<p>Unsurprisingly, Pelosi fought to extend those tax subsidies. ;</p>
<p>Even more interesting is the incestuous relationship between Podesta Group and the Clintons Foundation: Podesta&rsquo;s cofounder currently chairs Hillary Clinton&rsquo;s presidential campaign and both SunEdison and the Clinton Foundation have donated to each other in years past. ;</p>