Sen. Burr: I sold off stocks because of TV reports, not inside info about coronavirus

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The North Carolina Republican and three other senators who sold off stocks after coronavirus briefings denied any wrongdoing.

The amount of stock that was sold was likely most of Burr's holdings — Roll Call estimated his net worth at $1.7 million in 2018. The market started falling by more than 30 percent a week after Burr's sale.A number of other senators who'd sold off stocks after coronavirus briefings also denied wrongdoing Friday.

Disclosure records reviewed by NBC News show that three other senators sold major holdings around the same time, including Sens. Dianne Feinstein, D-Calif., Kelly Loeffler, R-Ga., and James Inhofe, R-Okla. Asked about the stock sales Friday, President Donald Trump singled out Feinstein, a Democrat, and then said he knew all the senators involved and"I find them to be honorable people."

Feinstein and her husband shed up to $6 million worth of stock in Allogene Therapeutics, a biotech company, between the end of January and Feb. 18, disclosure records show. A Feinstein spokesman told NBC News on Friday that she"did not sell any stock. The transactions you're referencing were made by her spouse. All of Senator Feinstein's assets are in a blind trust, as they have been since she came to the Senate. She has no involvement in any of her husband's financial decisions."on Friday morning, Loeffler denied using insider information, and said the trades were carried out by"a third-party adviser.

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If he sold off before market decline then it could not have been due to TV reports. He needs to be investigated. StockMarketCrash2020

Hahahaha

We’ve heard this before.

crickets chirping...

🤣🤣🤣🤣

Diane Feinstein sold 6 million with back in January, can you get an article written on that or is this just a leftist propaganda media outlet?

‘The bill aimed at prohibiting stock trading based on nonpublic information gleaned on Capitol Hill and overwhelmingly passed in the Senate by a 96-to-3 vote. Burr was one of the 3 senators to vote against the measure.’

If you have nothing to hide then let the investigation start.

Buuuullllshiiiiitt

Cough cough. Bullshit. Cough cough

liar

Yeah, Right! Crook.

I swear all these republicans do is lie

Liar

LOL!

lol right, I'm sure he just followed a Robinhood tip

Sure you did!

ResignBurr

Blatant LIAR! TV reports? LOL!

Yeah sure!

This is laughable

That’s the same story Obama told us about when he heard about Hillary’s email server. Same lie different guy.

If you believe that BS, I have a bridge to sell you. Come on SenatorBurr the gop must think ALL Americans are just plain stupid. Burrisma

😆😆😆😆😆

BS!!!

😆😆😆 ok boomer

Politicians are all corrupt but it is true this information was publicly available at that time. I started shorting the market at that same time.

The problem is that he took extreme action on the information he received for his personal benefit while downplaying the danger to his constituents. RESIGN NOW!

really? Do you think Americans are that dumb?

Ya, right

Liar

Good luck with that.

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

liar liar pants on fire

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Fox News Tucker Carlson demands Sen. Richard Burr's resignation - Business Insider'He must resign from the Senate': Fox News host demands Richard Burr's ouster after bombshell report suggests he dumped $1.72 million in stocks before coronavirus crisis He should resign for having a brain and not being as stupid as Republicans who thought the Coronavirus was little bit of nothing and wasn't going to bring on the 2nd Great Depression, all while saying China shoulda done more long long before Republicans had a clue? 👌 What is worse...dumping stock or not standing up and telling the American public about the dangers of an potential pandemic early to save more lives? What is priority here? coronavirus
Source: BusinessInsider - 🏆 729. / 51 Read more »