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Posted on 03/20/2020 8:35:52 AM PDT by bitt
This morning news broke out that four Republican senators are being accused of dumping their stocks after being briefed on the coronavirus in private meetings.
Richard Burr of North Carolina, Kelly Loeffler of Georgia, James Inhofe of Oklahoma and Ron Johnson from Wisconsin.
The mainstream media was quick to attack the GOP members as corrupt but it seems they are not alone.
Democratic senator Dianne Feinstein of California is also accused of insider trading.
Feinstein, who serves as ranking member of the Senate Judiciary Committee, and her husband sold between $1.5 million and $6 million in stock in California biotech company Allogene Therapeutics, between Jan. 31 and Feb. 18, Fox News reported.
When questioned by the newspaper, a spokesman for the Democrat from San Francisco said Feinstein wasn’t directly involved in the sale.
“All of Senator Feinstein’s assets are in a blind trust,” the spokesman, Tom Mentzer, told the Times. “She has no involvement in her husband’s financial decisions.”
Under the Stock act, if proven guilty of insider trading she faces up to 20 years in prison. The maximum criminal fine for individuals is now $5,000,000, and the maximum fine for non-natural persons (such as an entity whose securities are publicly traded) is now $25,000,000.
From Wikipedia:
The Stop Trading on Congressional Knowledge (STOCK) Act (Pub.L. 112–105, S. 2038, 126 Stat. 291, enacted April 4, 2012) is an Act of Congress designed to combat insider trading. It was signed into law by President Barack Obama on April 4, 2012. The bill prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees. It confirms changes to the Commodity Exchange Act, specifies reporting intervals for financial transactions.
(Excerpt) Read more at rightjournalism.com ...
p
She faces nothing. Not a single prominent democrat has been prosecuted under Trump for anything.
Not gonna happen.................
LOL! Sure. She and hildabeast can be cell mates. Like that’ll ever happen. We don’t call it the DOH-j for nuthin’.
Right...
This is still the Obamanation, with a two-tiered justice system. Everyone out in the districts serves The Capitol.
Let’s Post this story 100 more times. NO ONE on FR has seen it.
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