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Richard Burr brother-in-law Gerald Fauth dumped stock when Burr did - Business Insider

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GOP Sen. Richard Burr's brother-in-law, a Trump appointee, dumped up to $280,000 in stocks the same day Burr did before the market plunged

Gerald Fauth, the brother-in-law of GOP Sen. Richard Burr of North Carolina and a Trump appointee, dumped up to $280,000 in stocks on February 13, the same day Burr unloaded up to $1.72 million in his own shares,Burr is the chairman of the powerful Senate Intelligence Committee, which has access to the federal government's most classified and sensitive information.

Fauth also has a position on the National Mediation Board and was tapped for the post in 2017 by President Donald Trump. The Senator unloaded up to $1.72 million in stocks on February 13, days after reassuring the public that the Trump administration was well prepared to handle the outbreak of the novel coronavirus.

Burr defended his actions the day after ProPublica first reported on the stock sales, saying in a statement, "I relied solely on public news reports to guide my decision regarding the sale of stocks on February 13. Specifically, I closely followed CNBC's daily health and science reporting out of its Asia bureaus at the time."

 

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Just a coincidence of course! Nothing to see here move along

Plunged?

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