Posted on 03/20/2020 6:17:06 AM PDT by USA Conservative
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.
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 wasnt directly involved in the sale.
All of Senator Feinsteins assets are in a blind trust, the spokesman, Tom Mentzer, told the Times. She has no involvement in her husbands 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. 112105, 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 963 vote. Later the House of Representatives passed it by a 4172 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.
This is nothing new when it comes to high ranking Democrats.
A few years back a huge scandal burst out but the Dems made a cover-up of everything as always.
Steve Kroft reported that members of Congress can legally trade stock based on non-public information from Capitol Hill and the main star of the show was Nancy Pelosi.
Pelosi and her husband participated in an initial public offering of Visa in 2008, according to CBS. They bought 5,000 shares at the initial price of $44; two days later, shares were trading at $64, CBS said.
The network reported the investment came at the same time a piece of legislation that was opposed by credit-card companies was making its way through the House.
Congress has never done more for consumers nor has the Congress passed more critical reforms of the credit card industry than under the Speakership of Nancy Pelosi, Pelosi spokesman, Drew Hammill, said in a statement few days after the report came out.
CBS said it used as a starting point for its story the research of Peter Schweizer, a fellow at the Hoover Institution, a conservative think tank at Stanford University.
About a year ago, he began work on a book about soft corruption in Washington, CBS reported. The network said it had independently verified the material it used.
Pelosis spokesman criticized the CBS story for failing to note that the legislation in question was reported out of the Judiciary Committee on October 3, 2008 the day the House was consumed in passing TARP and also the last day the House was in session before the November election.
You can watch the preview of the show and the full show below! Preview:
https://www.youtube.com/watch?v=PVcSVs0pdOg&feature=emb_title Video: https://www.youtube.com/watch?v=l3DZh1109W8&feature=emb_title
Democrats leadership are the most corrupt politicians in the history of our country and we the people are being abused by them.
Every time our country makes significant success the Dems are here to ruin that.
Also, dont forget the swamp creatures from the GOP they should all answer for their crimes.
Please share this article wherever you can. It is the only way we can work around their censorship and ensure people receive news about issues that Democrats and the mainstream media suppress.
Thanks Liz...
Whether Fineswine’s assets are in a blind trust or not, she deserves every bit of hell she’s getting for this, having been in the chicoms’ pocket since she was mayor of SF.
Ha. Ha. Ha.
Who among us would have predicted you would be right about this a few months ago, and that it could all come true by about May 1st? People not only accepting socialist style handouts, income guarantees, childcare provided and business takeovers but also wanting the DC leaders to hurry. Not to mention all single payer “free” healthcare along with free masks, tests and vaccines expected first.
A nightmare.
You are making me laugh. These folks are above the laws that apply to you and me. Do you really think the SEC will do anything, c’mon!
How much money does it take for Trump supporters to become socialists?
Apparently $1,000.
Just ask her former long-time Chinese spy limo driver, he'll tell you. Just ask him.
Do we accept the fact her driver knows more about the inner workings and secrets of our intelligence and military strategies now than the government leaders in DC?
What an insult./s
Make it $1,400 per person including retirees and you've got a deal. We'll even wear a Che t-shirt to greet the mail carrier for the checks./s
Well, Trump did throw in that tax day is delayed until July 15th. Will that do?
Uh, I think we were discussing cash payouts here? We were at $1,400 but we might ask a little more if we have to wait until morning. Not much patience.
"Show me the money"--Tom Cruise movie line.
Fine, $1,400 now, and $1,400 off your taxes later.
You undoubtedly acted off of info available to the general public. These assholes had classified briefings. To the extend that they should be punished, maybe Burr should be the only one getting sever punishment. He sold off his stock while reassuring the public that this virus was not a big problem.
Burr. Feinstein was just dumb, given biotech should get a big boost while researching cures for this diseasse.
Thank You for confirming the lack in depth of thoughtfulness many at FR.
This is part of a strategy to take down R Senators. Lose the Senate and kiss remaking the courts goodbye.
Go along with it. Help the Democrats if you wish.
A couple of people (the Ga senator and Inhofe) apparently had other people making the decisions for them. They should be OK.
Maybe throw in an Amazon gift card and a case of toilet paper.
Do we realize our amusing repartee and satirical humor is going on real life between Dem and GOP leaders in DC? And they're serious.
Maybe she hired her old driver to be her portfolio manager? You recall, the nice Chinese gentleman who was working for the Chicomms.
LOL! If they send me any of that money — they really should only send it to unemployed people without retirement plans, since there is now an allowance for a tax-free COVID-19-related emergency withdrawal — I will simply split it between the Salvation Army and Samaritan’s Purse. That is where it is really needed — helping people who really need it.
Sadly, I do. Unfortunately, I cannot promise the toilet paper. I hope that’s not a deal breaker.
Oh please.......figure it out......they need to know WE know.
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