Posted on 03/20/2020 5:05:12 AM PDT by USA Conservative
Anti-Trump GOP Senator Richard Burr is in deep trouble on Thursday after it was discovered the powerful chairman of the Senate Intelligence Committee dumped as much as $1.72 million in hotel stocks before the coronavirus panic hit the US while reassuring the public about coronavirus preparedness.
On Thursday, ProPublica reported on Burr’s decision on February 13 to sell somewhere between $628,000 and $1.72 million of his holdings in 33 different transactions; at the time, he was receiving daily COVID-19 briefings as the chairman of the Senate Intelligence Committee. The deals included a sale of $150,000 worth of shares of Wyndham Hotels and Resorts, which has since lost two-thirds of its stock price. He also sold up to $100,000 in shares of Extended Stay America — the value of those shares have since halved.
https://twitter.com/ossoff/status/1240761133218304005?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1240761133218304005&ref_url=https%3A%2F%2Fconservativeus.com%2Ffour-senators-dumped-millions-in-stock-after-closed-door-coronavirus-briefings-they-face-up-to-20-years-in-prison%2F
There was another case where a GOP senator was caught selling stocks.
Sen. Kelly Loeffler (R-GA), whose husband is the chairman and CEO of the New York Stock Exchange, began selling off more than a million dollars in stocks on the same day as the closed-door Senate meeting on Friday, Jan. 24, reports The Daily Beast.
“Appreciate today’s briefing from the President’s top health officials on the novel coronavirus outbreak. These men and women are working around the clock to keep our country safe and healthy.” Loeffler tweeted on January 24, 2020 — Loeffler reported her first stock sale (jointly with her husband) this very same day.
https://twitter.com/SenatorLoeffler/status/1220910430115241984?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1220910430115241984&ref_url=https%3A%2F%2Fconservativeus.com%2Ffour-senators-dumped-millions-in-stock-after-closed-door-coronavirus-briefings-they-face-up-to-20-years-in-prison%2F
Ron Johnson, the senior senator from Wisconsin, reportedly sold over $5 million in stock on March 2 and the number could be as high as $25 million.
The fourth senator being accused is Oklahoma’s Jim Inhofe, who reportedly sold up to $450,000 in stock in late February.
The senators were reportedly part of private briefings on the coronavirus pandemic and decided to sell their shares before the market crashed. They are being accused of insider trading and people are calling for them all to resign.
It doesn’ matter which party you support yous should answer for this crime.
They have to face justice for insider trading!
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.
The bill was introduced by Joe Lieberman, independent United States Senator for Connecticut, on January 26, 2012, and passed in the Senate by a 96–3 vote. Later the House of Representatives passed it by a 417–2 vote. The bill was supported heavily by vulnerable incumbents and signed into law by President Obama. According to the current United States Senate Select Committee on Ethics, “A member, officer, or employee of the Senate shall not receive any compensation, nor shall he permit any compensation to accrue to his beneficial interest from any source, the receipt or accrual of which would occur by virtue of influence improperly exerted from his position as a member, officer, or employee.”
The maximum prison sentence for an insider trading violation is now 20 years. 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.
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Nonsense, Obama passed law that allows all the insider trading this guys want. Just msm going after Reps. Dont get on that train. And by the way this has been going on since ......... MSM going for the Senate. Wakeup.
We need to start a pool.
How many out of 535 members of Congress broke insider trading laws?
I’ve got 535.
Insider trading is when critical information about a corporation affecting its stock value is about to be made and is withheld from the public view then released after executing a stock sale or purchase.It didn’t happen here. If any of the critics here were an elected somebody.In that position after learning in a public discussion they could lose big money and they’re expected to do so because they are an elected somebody, is expecting a bit too much.
Yes, I believe your right .
Couldn’t happen to a nicer group of people.
If their cronies don’t somehow get them out of it.
Maybe there's some legal technicality they can get off on here on earth.
But facing God's court is going to be a whole different matter.
Their day of reckoning is coming, but I do have to say that it would be nice to actually see some justice down here on earth, too.
Congress impeaches with a simple majority. The Senate convicts/removes the impeached with 2/3 majority.
I think it would be doubtful to remove these senators through the House impeachment and Senate conviction/removal process. However, the scenario you described is plausible and disturbing.
it would be harder to prove against Imhofe….he sold his in late February along with everyone else.
They face nothing. They are part of a larger plan that everyone in government is doing.
Phase 1 was gaslighting the sheeple into thinking they will die without government intervention.
Phase 2 is control the people and shutdown their businesses.
Phase 3 is government providing payment for business rents and payroll.
Phase 4 is the government simply stating that since the government already pays for everything that the government now owns the businesses.
Communism complete: Total control of the sheeple and a complete takeover of commerce.
Did you know that James Comey prosecuted Martha Stewart?!? I heard that this past weekend and my jaw dropped.
Their families got exempted, not the politicians themselves with the insider trading bill. And there you have the rub.
They will face great pressure to resign and I’m not so sure the immunity from prosecution while in office will hold. If they decide to resign to cut their losses, the DOJ may still decline to prosecute knowing that that they’ll have to look at “everyone” and half the congress and the senate would be found to be guilty of something and would have to leave....which might not be a bad thing.
I wonder how many presstitutes did the same thing...
How many members of the media engaged in WuFlu-related insider trading?
Inquiring minds want to know.
Congresscritters largely exempted themselves from insider trading laws.
Yes, i remembered that.
I wonder how many people in Wisconsin who voted for Ron Johnson knew that he had possibly $25 Million in stock holdings?
That is pretty rich for Wisconsin standards.
Well how do you think they all become millionaires in the first place?
campaign donations and insider trading
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