posted March 22, 2020 12:13 AM            

They received early congressional briefings about how bad the Coronavirus was going to be in the US...and sold their stocks before the stock markets crashed.

Senators Accused Of Insider Trading, Dumping Stocks After Coronavirus Briefing
Jack Kelly
Mar 20, 2020

Our elected officials in Congress are supposed to look out for our best interests. In a shocking revelation, it's been reported that a number of senators sold their stock holdings after being briefed about the coronavirus and the massive impact it will have upon the economy, jobs and the stock market. While telling the American public that there wasn’t much to worry about, they bailed out of their stock holdings to avoid large losses.................

posted March 22, 2020 02:20 PM            

It was a personal judgement --- in my mind.

posted March 24, 2020 12:42 PM            

quote:

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Originally posted by BlueRoamer:
Note the ratio of republican to democrat, and indicator of the overall corruption levels of each party.

Both have corruption, but republicans 3x as bad

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posted March 26, 2020 12:59 PM            

quote:

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Originally posted by StubbornVirgo:
Not surprised by Burr's behavior...we've been trying to vote him out of N.C. for years now.

Charge em all with insider trading violations.

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North Carolina Poll: Majority of Voters Say Burr Should Resign for Coronavirus Stock Selloff
Haris Alic
25 Mar 2020

A majority of Republican Senator Richard Burr's constituents in North Carolina believe he should resign for selling upwards of $1.72 million in stock ahead of the coronavirus pandemic...........

posted March 30, 2020 07:33 PM            

The Department of Justice (DOJ) has launched an investigation into Sen. Richard Burr’s (R-NC) unloading of upwards of $1.72 million in stock ahead of the Chinese coronavirus pandemic.

CNN reported on Monday the DOJ, along with the Securities and Exchange Commission, has begun examining Burr’s decision to dump thousands of dollars worth of stocks on Feb. 13—less than a week before the stock market sharply dropped because of the coronavirus threat. The timely decision to sell occurred as the Senate Intelligence Committee, which Burr chairs, was receiving daily briefings on the pandemic.

Most of the shares were in hospitality companies, like Wyndham Hotels and Resorts and Hilton, that took an especially hard hit as coronavirus travel restrictions went into place. Many are now worth a fraction of the price of when Burr opted to sell.

In total, the senator’s quick action on February 13 netted him between $628,000 and $1.72 million..............

posted May 07, 2020 07:45 PM            

Sen. Richard Burr's Brother-in-Law Also Dumped Stock Amid Coronavirus Pandemic
Haris Alic
6 May 2020

Sen. Richard Burr's (R-NC) brother-in-law sold upwards of $280,000 in stock on the same day the GOP lawmaker dumped investments worth upwards of $1.72 million in companies that would be impacted heavily by the novel Coronavirus outbreak.

Gerald Fauth, who apart from being Burr's brother-in-law is also a political appointee on the National Mediation Board, ditched between $97,000 and $280,000 in six companies, according to ProPublica. The stock selloff, which averted Fauth a loss of somewhere between $37,000 and $118,000, came as Burr, the chairman of the Senate Intelligence Committee, was privy to confidential information about the pandemic.

Fauth's stock dump came on February 13, the same day Burr, himself, sold off thousands of dollars worth of stock in hospitality companies, like Wyndham Hotels and Resorts and Hilton. Those transactions, numbering 33 in total, netted him between $628,000 and $1.72 million.

The timely decision to sell occurred as Burr's committee was receiving near-daily briefings on the Coronavirus outbreak. As such, soon after the stock sale become public, speculation stirred that Burr had acted on inside information to protect his assets. If true, the senator could potentially be found in violation of the STOCK Act, which prohibits the use of non-public information for private profit by lawmakers.....

posted May 14, 2020 10:43 AM            

FBI Seizes Richard Burr's Cell Phone as Part of COVID Stock Selloff Probe
Haris Alic
13 May 2020

Agents with the Federal Bureau of Investigation (FBI) seized Sen. Richard Burr's (R-NC) cellphone on Wednesday as part of an ongoing investigation into the lawmaker's decision to unload upwards of $1.72 million in stock ahead of the Coronavirus outbreak.

Burr, who serves as chairman of the Senate intelligence committee, was reportedly served a warrant for his cellphone at his Washington, D.C., residence on Wednesday, according to the Los Angeles Times. Law enforcement officials purportedly seized the phone in order to examine any communication the senator may have had with his stockbroker over the past few months.....

posted May 14, 2020 07:24 PM            

Federal agents questioned Sen. Dianne Feinstein (D-CA) in recent days over her husband's decision to sell stock ahead of the coronavirus outbreak............