REVEALED: At least four senators offloaded stock after classified briefings in January about threat of coronavirus, including Sen. Kelly Loeffler who dumped $3.1m and Senate Intel chairman Richard Burr who sold $1.5m just BEFORE markets tanked
Georgia Sen Kelly Loeffler (second from left) reportedly sold $3.1million in stock with the first sale in the company Resideo Technologies worth between $50,001 and $100,000 on January 24. That same day Loeffler's committee, the Senate Health Committee hosted a private, all senators briefing with administration officials, including the Centers for Disease Control and Prevention (CDC) director and Anthony Fauci. Earlier on Thursday it was reported that the chairman of the Senate Intelligence Committee, Sen Richard Burr (first left), dumped between $582,029 and $1.56million of his stock holdings as he was getting coronavirus warnings. Dianne Feinstein (center right), who sits on the Intelligence Committee which was also briefed on coronavirus, sold up to $6m in stock. Jim Inhofe (far right) sold up to $400k all on January 27 On February 13 Burr reportedly sold stock holdings in 29 separate transactions. A week later the stock market started its downward trend, now losing about a third of its value.
- Richard Burr, head of the Senate Intelligence Committee which was directly briefed on coronavirus, sold up to $1.7m in stock between January and February
- Dianne Feinstein, on the same committee, sold up to $6m in stock in same period
- Kelly Loeffler, on the Senate Health Committee, sold up to $3.1m in stock starting on the day her committee was briefed by the CDC
- James Inhofe sold up to $400k in stocks including real estate all on January 27
- Coronavirus symptoms: what are they and should you see a doctor?
By Nikki Schwab, Senior U.s. Political Reporter For Dailymail.com and Chris Pleasance for MailOnline
Published: 17:02 EDT, 19 March 2020 | Updated: 10:17 EDT, 20 March 2020
Four senators dumped millions of dollars worth of stock while Capitol Hill was being briefed on the threat of coronavirus but before the markets tanked as infections soared, disclosure records have revealed.
Republicans Richard Burr, Kelly Loeffler and James Inhofe and Democrat Dianne Feinstein collectively offloaded up to $11million in stock between late January and early February, according to records seen by
The Daily Beast,
New York Times and
ProPublica.
Burr, chair of the Senate Intelligence Committee that was directly briefed on coronavirus, sold up to $1.7million in stock including in hotels, according to reporting from ProPublica.
Feinstein, a member of the same committee, sold up to $6million in stock including in a biotech firm.
Loeffler dumped up to $3.1million in investments starting on the day the Senate Health Committee, which she sits on, was briefed by the CDC. Meanwhile James Inhofe sold up to $400,000 in stock including real estate.
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