Thursday, May 14, 2020

Senator Dumped Up to $1.7 Million of Stock After Reassuring Public About Coronavirus Preparedness


Hearing on the radio and reading on online reports of the investigation of Sen. Richard Burr's selling of stock after his committee received coronavirus briefings, which he claims he did based solely on public news reports. I notice that they are not mentioning what I consider a particular immoral part of the story, which is that at the same time he was selling the stock, he was reassuring the public about coronavirus preparedness. I posted about this back in March.

https://www.propublica.org/article/senator-dumped-up-to-1-7-million-of-stock-after-reassuring-public-about-coronavirus-preparedness

by Robert Faturechi and Derek Willis March 19, 5:01 p.m. EDT

Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading between $628,000 and $1.72 million of his holdings on Feb. 13 in 33 separate transactions.

As the head of the intelligence committee, Burr, a North Carolina Republican, has access to the government’s most highly classified information about threats to America’s security. His committee was receiving daily coronavirus briefings around this time, according to a Reuters story.

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