Senate Intelligence Committee Chairman Richard Burr sold off a large amount of stocks before the coronavirus market crash, and now the Justice Department is looking into his statements around this time period, NPR can report.
Media outlets including CNN, The Wall Street Journal and The Associated Press have also reported that the FBI has reached out to Burr to assess whether he made stock sales based on nonpublic information.
NPR first broke news of a secret recording in which Burr, R-N.C., privately warned well-connected constituents in February about how bad the coronavirus crisis would become.
ProPublica then reported that the senator dumped up to $1.7 million in stocks, while assuring the public that the U.S. was well positioned to withstand a pandemic.
An insider trading investigation hinges on whether a person made stock transactions based on relevant private information.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
Every single one of these crooks need to be booted from office and prosecuted to the fullest extent of the law. This should be front page news in the biggest font headlines.... and who cares what party they are from, all of those guilty should be tarred and feathered.
ReplyDeleteAgree. Insider trading is unlawful no matter who. Having worked for a fortune 500 we were advised annually of the penalties of insider trading...jail, period. Burr et al abused his/her office.
ReplyDeleteThere's a reason their $100,000.00+ salary suddenly makes them a multi-millionaire.
ReplyDeleteImpose the maximum penalty by law. Now is the time to make the proper examples - regardless what job an individual holds.
ReplyDeleteThey are just going after one Senator??? What about the rest of them that did the same thing?? Even Pelosi did it when she was working on the Visa bill and she sold her stock when it gave her a huge profit. Talk about conflict of interest.
ReplyDeleteThose Dirty Bastards do it all the time & since they are Above the Law not
ReplyDeletea damn thing is ever done !!!
Martha Stewart should be Sueing the Hell out of the Govt !!!!
Congress should not be allowed to hold stock. However, humans are humans and can not "unhear" something. No one in their right mind is going to watch their investments hit zero while doing nothing.
ReplyDeleteHe’s not the only one
ReplyDeleteGreat.
ReplyDeleteThis is bipartisan i think
After a lot of grandstanding for political points, it will quietly go away. Senators don't get punished for doing what they all do. They get outed when they get caught, but never get a serious punishment comparable to what the public would receive for the same crime. What he is accused of is how every single congressperson becomes a millionaire during their first term in office. His colleagues will try to embarrass him, but they will not impose any real punishment. They ALL know how that could bring scrutiny on their back door business dealings.
ReplyDeleteTheir SALARYS should be ALL they get !!! Nothing Else !!!
ReplyDeleteCheck on Pelosi Most of ALL !!! FBI needs to keep an eye on her !!!
ReplyDeleteThis isn't the first time they have been caught trading stocks with inside information. Nothing was done then either. This is one of the reasons they are so scared to death of Trump. That he will find out what they have been doing and expose them. That's why they are working so damn hard to remove him.
ReplyDelete