Why was Paul Pelosi arrested? Nancy Pelosi wasn't with husband when he was booked
UPDATE: Paul Pelosi was involved in a car crash on Saturday, May 28 night of his arrest in a drunk driving case. According to the California Highway Patrol and court records, Pelosi, 82, was driving a 2021 Porsche that was hit by a 2014 Jeep as Pelosi's car tried to cross a state road in Napa County. No one was hurt and the Jeep's driver wasn't arrested, CHP added. Pelosi was booked into the Napa County Detention Center on two DUI-related counts. He was released Sunday morning on $5,000 bail, court records show. According to a statement from a representative for Pelosi, he was attending a dinner party in Oakville and left the party at 10:15 pm.
Read the original story below:
House Speaker Nancy Pelosi's husband, Paul Pelosi, was arrested in Napa County, California, on Saturday night for allegedly driving under the influence. The 82-year-old was arrested at 11.44 pm PT Saturday and booked at 4 am Sunday. Paul was charged with misdemeanors for allegedly driving with a blood alcohol content of 0.08% or higher according to the Napa County Criminal Justice Network's records.
Paul's bail was set at $5,000 and he was released on Sunday morning, the records show. Pelosi's office said she was not in California at the time of her husband's arrest. She was in Providence, Rhode Island, where she received an honorary degree from Brown University and delivered the commencement address to the graduating class. "The Speaker will not be commenting on this private matter which occurred while she was on the East Coast," Drew Hammill, spokesperson for the House speaker said.
Earlier, last year in July, the Pelosis were in highlights of their highly successful trades, specifically Paul's. Paul's trading activities became the highlight of the news when he made a cool $5.3 million by exercising call options that let him buy 4,000 shares of Google's parent company Alphabet and he also invested between $100,001 and $250,000 in Disney. The trade was highly controversial. That's because it came just before the House Judiciary Committee voted on antitrust regulation, which ultimately wasn't seen as a big threat to the tech titans. Nancy opposed a ban on lawmakers from trading in the stock market, and her husband Paul Pelosi bought shares worth millions right after that. Spokespeople for Speaker Pelosi told media outlets at the time that she had no knowledge of the purchases and that she owns no stock herself.
Pelosi or their children has not given any statement regarding Paul's arrest. Paul, a native of San Francisco, has been married to Nancy since 1963. The two have five children together. Paul is reportedly a wealthy man. It has been said that his net worth is a whopping $120 million and he owns his own company called Financial Leasing Services, Inc, a real estate and venture capital investment and consulting firm.