WASHINGTON —Two reports on Thursday revealed that Republican Sens. Richard Burr, N.C., and Kelly Loeffler, Ga., sold off significant amounts in stocks shortly before financial markets plunged because of the coronavirus pandemic.
The senators are reported to have had knowledge about the spread of coronavirus ahead of their sales.reported that Burr, who chairs the Senate Intelligence Committee, dumped somewhere between $628,000 and $1.72 million of stocks, much of which came from the hospitality industry. The sales were made in 33 separate transactions on Feb. 13. Records of the transactions areJust days before, Burr penned a Fox News op-ed with Sen.
“Senator Burr filed a financial disclosure form for personal transactions made several weeks before the U.S. and financial markets showed signs of volatility due to the growing coronavirus outbreak,” Burr's spokesperson told ProPublica. “As the situation continues to evolve daily, he has been deeply concerned by the steep and sudden toll this pandemic is taking on our economy.”
The Intelligence Committee has received briefings on the coronavirus, but Burr's office wouldn’t say what kind of briefing materials, if any, about coronavirus he had at the time of the sales, according to ProPublica.
You wonder why we don’t trust the media? You say you are fair? Why are you not mentioning the Democrat also No, you’re not as clever as you think you are...
shame
They deserve to go to prison. Dems or Republicans... doesn’t matter, lock them up. They’re supposed to represent us, not lie to us
The sophisticated capitalists of capitalist society are very skilled at deceiving the lower classes
Any Senator that took advantage of that privileged information and profited from it should be put in jail.
VoteThemAllOut2020
Political leaders in Congress cashing in while Americans die.... ... THIS is why I vote. SenatorBurr SenatorLoeffler SenFeinstein GOP DNC Burrisma
As well as diane Feinstein
Vote out ALL incumbents. That is only choice we have.
If convicted, SenatorLoeffler should spend DECADES behind bars. She tweeted out nonsense for weeks about how Trump had everything under control while she allegedly profited. The FTC should look at GovKemp’s recent transactions. I wonder if Kelly tipped him off as a ‘thank you’
Does not surprise me.
Loeffler had money prior to taking office so I kinda know where she got the money to buy her stock. But Burr is basically a career politician, where did he get the money to buy $1.5M in stock?
Resign
You forgot to put diane feinstein in the title... I am sure that wasn't on purpose or anything.
Insider trading, what’s that?
JoyVBehar
Inside dealing
🤑🤑🤑😐😐😐😐
Me too. And many others. In fact, that is precisely why it goes down.
Prison for all
They need to resign. I doubt they are the only two that did this
Utterly disgusting that Senators would use their insider knowledge to put themselves before the American People. If they had such knowledge they should have worked to save lives instead of profiting from such despicable behavior.
dawnsaffron Add Diane Feinstein to that list now.
There is more... Keep digging don't let up.
Any person paying attention could have seen this coming..
Will they be prosecuted?
insider trading
dawnsaffron Many elderly Americans will suffer and die because of their greed and malfeasance.
France Circa 1789.
Of course, he’s a member of GOP and a realDonaldTrump puppet
Lock em up
Confiscate all their assets and give to the American people...sound fair to me....
Well start buying stocks now that it’s down and buy more if it goes lower. Stocks don’t stay down forever