Senator sold off stock before market losses from virus began

  • 📰 AP
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Senate Intelligence Committee Chairman Richard Burr, R-N.C., sold as much as $1.7 million in stocks just before the market dropped in February amid fears about the coronavirus epidemic.

Sen. Richard Burr, R-N.C., speaks with reporters on Capitol Hill, Tuesday, Feb. 4, 2020 in Washington.

Senate records show that Burr and his wife sold between roughly $600,000 and $1.7 million in more than 30 separate transactions in late January and mid-February, just before the market began to fall and as government health officials began to issue stark warnings about the effects of the virus. Several of the stocks were in companies that own hotels.

Burr’s remarks were much more dire than remarks he had made publicly, and came as President Donald Trump was still downplaying the severity of the virus.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

All of the senators who did that (and I do mean all) need to be publicly tried. Nobody should be above the law. And “I didnt know anyone traded on the information I got” needs to be heard in court, if only so those saying it can hear how it sounds.

I am even more interested in who’s behind the three companies that bought so much of Gilead (about the time of the closed door senate meeting on China coronavirus) on the same day, the company that produces Remdesivir, the drug the WHO is pushing ahead of what Drs’ve been using.

arrest him, jail him

many people did the same thing...I even thought about it. It's called planning.

Wow

He knew what was coming.

Insider Trading 101

Unbelievable. Yet so believable. Hopefully, SleazyDon sold his stock holdings, too, before the crash — I would hate to see the presidency cost him any money.

Off with his head!

Unbelievable. But so believable.

He is a typical politician.

Lock him up!

JayGam7 Time for SenatorBurr to resign and await his insider trading trial.

thisiscwelch Their not stupid.

JonLemire Grifter.

JonLemire Martha Stewart paid a price for this. Why shouldn’t he?

JonLemire Imagine it’s the same ole same ole IOKYAR, amirite? 🙄 This shit 💩 Is really getting old

Good job, Dick

Shameful!

These are the very same guys that voted to acquit Trump.

I'm glad he isn't running for Senate again. He's a damn crook who should be jailed

Selling stocks based on common sense isn't insider trading. Nor was there a guarantee it would even pay off long-term (or that it will) given the factors yielding the unpredictable nature of the current market situation. Sorry, Dems.

This should be illegal, and any congress members that vote against it should be thrown out. How is this not insider trading?

badhog52 members of governments all over the world use inside knowledge to gain wealth its nit right but not that unusual jail him or not it will not slow down the process but donot be shocked by it

'If you stand for nothing, Burr, what'll you fall for?

Martha Stewart went to prison for selling a lot less. Lock him up!

Drain the swamp, huh Donnie? Lock him up!

Lock him up!

UnEthical. Immoral. Greedy

... I wish I sold with him 🤔

Sounds like a tip to me.

TubbsShow Hmmmmmm

Ok this is kind of a baller response though

Get him out of office with trump

Senator Kelly Loeffler sold even more! And, she’s the wife of the ICE ceo and founder! Expose her please.

Where the fuck he get 1.7 million in stock?

It is truly stunning to see the extent to which they will go to fuck up the lives of their fellow citizens. Pardon the bluntness.

He is conservative, 'especially with your money' 🤔

Drain the swamp!!! Investigate NOW!!! Republican or Democrat this is not ok!!!

Is his action illegal ?

Dirty

Someone needs to check Fox news (Hannity, Ingaham, etc) to see if they made similar moves. Their reporting at the time makes me think they may have been a part of this cover-up

Insider trading anyone?

*cough* insider trading *cough*

Insider trading?

He's not the only one. AP is still trash.

LOCKHIMUP

Abolish the senate!

POS lock him up!

Corruption comes in all flavors. Have we all realized we really don’t have a democrat vs republican party system anymore? It really should be America vs Globalism. You need to choose where you stand. AmericaFirst DrainTheSwamp

Trump is about to throw him under the corona boat, in order to make himself look good.

Lock him up!

CorruptGOP

And JimInhofe And SenatorLoeffler

It that me throwing up on these bastards? Yes. Yes it is.

This fucker has it coming to him

Insider trading or at least a severe ethics violation.

Politicians = Corruption

Congress is pretty much these guys 👇🏼

Why isn’t he and his wife not in jail yet?

Beginning to think that the coronavirus is here to expose the evil people and their evil deeds. Whether they are punished or not, it’s in the hands of the majority.

Lock him up

Criminal

Gotcha games aren't going to work.

Asshole.

This is the GOP today.

Lock him up!

Lock him up

Lock him up for a very long time.

Jail time. No politician should benefit directly or indirectly from insider information.

Hang him.

CROOK! GREED! REPUBLICAN!

Where do they get this kind of money from?

Hearing more and more of this... We are paying a big price for this Virus.

Insider trading (which is what he did) is a felony. Arrest him.

The NYSE Chairman’s wife did too... Senator Kelly Loeffler Remember when they went after Martha Stewart for insider trading, even put her in jail for months? Yet ignored George W. Bush for the same crime? He was let off for selling his Harken oil stock,media told to back off

Ooooops

I like well-dressed criminals. It's just more dignified than the normal tattooed guy.

LOCK him up LOCK him up LOCK him up!!

Did he trade on inside/confidential information? Probably yes. Is it possible to claw back the profits that he got from those trades?

Conservative here. Burr should be jailed as well as any other politician profiting off this crisis

Anybody notice the irony of his name being Richard?

Criminality..... It's in Republicans DNA

Stringing this guy up by his balls won't make any of us any better right now. Should still do it though

Hope he gets what Collins got

Recall the motherfucker.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US STOCKS SNAPSHOT-Wall St extends recent sell-off, Dow erases 'Trump-bump'U.S. stocks deepen sell-off as Dow erases all gains made since Trump's inauguration MediaCrat scum I guess there will be less Teslas on the road this year. Shareholder-value And Bald-speculation Operating near-zero regulation eras ALWAYS result in shitshow markets. Humans are irrational under stress. Traders are 30x more irrational
Source: Reuters - 🏆 2. / 97 Read more »

Stock market live updates: Stocks rebound after early losses, S&P jumps 1%, Dalio concernedA conversation about the latest market-moving events, including more central bank action and a jump in U.S. coronavirus cases. Keep it going America! You can't kill freedom...... Is this uptick of fed funds into the market a HeadFake? What happens when it gets eaten up and absorbed into the abyss? Markets are clearly in a state of panic and forced liquidations !!!📉
Source: CNBC - 🏆 12. / 72 Read more »

U.S. Stocks Claw Back Some Losses As Oil Prices ReboundU.S. stocks recovered some losses today and oil prices soared, however, the modest gains were not enough to offset the damage done by a weeks-long sell-off by theothersarahh theothersarahh Lets hope it keeps crashing. The only way normal people will ever get help is if trump is still scared of the stock market
Source: Forbes - 🏆 394. / 53 Read more »