On Saturday night, Paul Pelosi, the husband of House Speaker Nancy Pelosi, was arrested in Napa County, California, for allegedly driving while inebriated. At 11:44 p.m. PT on Saturday, the 82-year-old was apprehended and arrested at 4 a.m. on Sunday. Paul was charged with misdemeanors for allegedly driving with a blood alcohol content of 0.08 percent or above, according to the Napa County Criminal Justice Network’s records.
Paul’s bond was set at $5,000, according to the records, and he was freed on Sunday morning. Pelosi was not in California when her husband was arrested, according to her office. She was in Rhode Island to receive an honorary doctorate from Brown University and to deliver the commencement address to the graduating class.
“The Speaker will not be commenting on this private incident that occurred while she was on the East Coast,” said Drew Hammill, the House speaker’s spokeswoman.
Nancy Pelosi wasn’t with husband when he was booked
The blood alcohol content level of Paul Pelosi’s breath alcohol test was 0.08 or above (Source: Napa County Criminal Justice Network)
Last July, the Pelosis were in the spotlight for their highly profitable transactions, particularly Paul’s. Paul’s trading actions made headlines when he made $5.3 million by executing call options that allowed him to purchase 4,000 shares of Alphabet, Google’s parent company, and he also invested between $100,001 and $250,000 in Disney.
The transaction was fraught with controversy. That’s because it happened right before the House Judiciary Committee was set to vote on antitrust legislation, which wasn’t considered as posing a significant danger to the tech giants in the end. Nancy opposed a restriction on parliamentarians investing in the stock market, and her husband, Paul Pelosi, immediately purchased shares worth millions. Speaker Pelosi’s spokesperson said at the time that she was unaware of the acquisitions and that she does not own any stock.
Paul’s detention has elicited no response from Pelosi or their children. Paul has been married to Nancy, a San Francisco native, since 1963. They have a total of five children together.
Paul is said to be a wealthy individual. His net worth is estimated to be in the $120 million range, and he runs Financial Leasing Services, Inc, a real estate and venture capital investment and consulting organization.
