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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Yeah man we can’t LOL or YAWN regarding what will likely happen.
We have to push for something to happen.
I just have NO IDEA how.
“They Face Up To 20 Years In Prison”
Right. Just like hillary is facing life.
There is more than 4. This is the tip of the iceberg!!
The criminals BEGAN the stock market crash.
THEY BEGAN IT AND PROFITTED FROM IT.
But they are above all Law, as they make
Law for others.
HEY DOJ, do your job you bunch of ingrates.
Oh please. We know RATS did this too. Lets hear about who they are.
Maybe I’m wrong...but don’t house and senate members have immunity when it comes to purchasing or selling stock? I believe they do. They can take any information they receive to buy or sell stocks with no ramifications at all.
Holy crap. I wouldn’t want to be revealed to be just another corrupt politician in the same week there is a rising clamor for scalps.
I don’t trust Pro Publica. Not at all.
Don’t they receive Soros funding?
This B.S. has been going on for decades.
Throw these crooks in prison.
If these people are still in the Senate at the end of the
day it will be to the country’s disgrace.
Burr and Loefler must go immediately. Same for anybody
else who profited from this crisis.
Off with their heads! But it will never happen. There’s a different set of laws for those guys.
AG Barr should have already had them All ARRESTED, Assets Seized and they would be in Orange Jumpsuits if we were talking about Donald Trump Jr, Ivanka, Jared,....
TERM LIMTS.
I believe Feinstein was involved as well.
Feinstein need here doing same thing.
I think they are exempt from insider trading laws...in fact pretty sure they are
Go look at their staffs as well....I bet all of the staffs dumped stock. Same for ‘friends’ of the Senators. We need a massive investigation and jail-time for insider trading. Trump ought to come out and say it’s bad behavior.
They have a choice. Throw the corrupt under the bus themselves or the National Razor.
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