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Sen. Kelly Loeffler sold at least $18 million more in stocks before the coronavirus crash than previously reported
vox.com ^ | 4/1/20 | Katelyn Burns

Posted on 04/01/2020 4:49:44 PM PDT by Liz

Loeffler is one of many lawmakers under fire for suspicious stock-trading activity following a coronavirus intel briefing.

Sen. Kelly Loeffler (R-GA) benefited from stock trades worth millions of dollars shortly before the general public was alerted to the severity of the Covid-19 crisis, selling off shares in industries that have been adversely affected by the coronavirus pandemic and buying shares of companies that have benefited, according to an Atlanta Journal-Constitution (AJC) report published late Tuesday.

Loeffler, who sits on the Senate Health Committee, first began selling stocks on January 24 — the same day that committee held a private all-members Sen. Kelly Loeffler (R-GA) benefited from stock trades worth millions of dollars shortly before the general public was alerted to the severity of the Covid-19 crisis, selling off shares in industries that have been adversely affected by the coronavirus pandemic and buying shares of companies that have benefited, according to an Atlanta Journal-Constitution (AJC) report published late Tuesday.


TOPICS: Crime/Corruption; Government; News/Current Events; Politics/Elections
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1 posted on 04/01/2020 4:49:44 PM PDT by Liz
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To: Liz

Senator Collins says hello.


2 posted on 04/01/2020 4:50:18 PM PDT by FlipWilson
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To: FlipWilson
yep

Don't see how she survives this.

Doesn't reflect to well on Kemp who seems to have otherwise done ok in Georgia.

3 posted on 04/01/2020 4:52:00 PM PDT by ealgeone
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To: Liz

WOW!!!

1 million and it was like..ok..maybe it was just a good call.

18 million!!?? She knew all heck was about to break loose!


4 posted on 04/01/2020 4:52:16 PM PDT by dp0622 (Radicals, racists dont point fingers at me I'm a small town white boy Just tryin to make ends meet)
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To: Liz

Didn’t Jeff Bezos sell off billions in Amazon stock as well in January? This virus is stinking more and more as deliberate and a lot of people here in the US knew about it not that anything will be done about it.


5 posted on 04/01/2020 4:52:23 PM PDT by GrandJediMasterYoda (As long as Hillary Clinton remains free equal justice under the law will never exist in the USA)
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To: Liz

Loeffler is but one, she obviously needs to go, she’s worth north of 500 million, Richard Burr should be gone, Feinstein gone, in fact I would like to see the stock transactions of ALL Senators and Congressmen and Women who sold off stock just before the meltdown....it would be a great way to get rid of a bunch of criminals


6 posted on 04/01/2020 4:53:19 PM PDT by srmanuel
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To: dp0622

“””””’18 million!!?? She knew all heck was about to break loose!”””””””

A lot of us knew that. Some pretend this is just the flu and there is nothing to worry about.


7 posted on 04/01/2020 4:53:52 PM PDT by shelterguy
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To: Liz

I hope she goes to prison.


8 posted on 04/01/2020 4:54:25 PM PDT by servantboy777
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To: GrandJediMasterYoda

So instead of being worth 168 billion, he’s now worth 100 billion....he could ride out any stock meltdown....I doubt the got caught up in all the get out before it all burns down theory


9 posted on 04/01/2020 4:54:51 PM PDT by srmanuel
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To: srmanuel

Except it would only get rid of Republicans.


10 posted on 04/01/2020 4:55:32 PM PDT by calljack (Sometimes your worst nightmare is just a start.)
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To: srmanuel

“You little people...you should just go away. Away with you, now...”


11 posted on 04/01/2020 4:56:15 PM PDT by gathersnomoss (Welcf theome to North Mexico, Gringo's it...)
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To: GrandJediMasterYoda

J. Bezos’ divorce is pretty convenient too.


12 posted on 04/01/2020 4:59:22 PM PDT by ptsal ( Bust the NVIA)
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To: Liz

She needs to resign immediately and let the Governor appoint Collins as her replacement. Then she needs to find a country that doesn’t extradite for white collar crimes and retire.


13 posted on 04/01/2020 5:00:56 PM PDT by P-Marlowe (Freep mail me if you want to be on my Fingerstyle Acoustic Guitar Ping List)
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To: Liz

“her largest transaction involved the sale of $18.7 million in Intercontinental Exchange stock in three separate deals dated February 26 and March 11”

By Feb 26, even well before then, everyone in the world knew the threat of coronavirus to the markets as it was in free fall.It was the only news.What possible “inside information” could she have? I sold a chunk of stock then out of caution. So did others out of caution. Do we all get indicted?


14 posted on 04/01/2020 5:02:30 PM PDT by chuckee
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To: calljack

Who cares who it gets rid of....I know I don’t care..

Feinstein is a Democrat and I’m sure a few more exist....get rid of anyone regardless of party who sold their stock with inside information.


15 posted on 04/01/2020 5:05:53 PM PDT by srmanuel
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To: All

Sixty-five y/o NYSE president Sprecher has been married to U.S. Senator Kelly Loeffler since 2004.

Their home.


16 posted on 04/01/2020 5:05:55 PM PDT by Liz (Our side has 8 trillion bullets; the other side doesn't know which bathroom to use.)
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To: All

Sixty-five y/o NYSE president Sprecher has been married to U.S. Senator Kelly Loeffler since 2004. They reside in Tuxedo Park, Atlanta in a $10,500,000, 15,000 square foot estate called Descante.

On March 19, 2020, the public release of federal financial-disclosure documents revealed that Sprecher and his wife, U.S. Senator Kelly Loeffler (R-Georgia), dumped millions of dollars of stock the couple owned in companies vulnerable to the COVID-19 pandemic.

The sales began the same day Loeffler and other senators received a private briefing from federal officials about the looming crisis.[10]The documents also showed that the couple purchased stock in a company that would potentially benefit from the shelter-in-place orders that have since been implemented throughout the United States to prevent the spread of the virus.

The company, Citrix, specializes in teleworking software.

The Stop Trading on Congressional Knowledge Act (STOCK Act) prohibits members of Congress from using nonpublic information they receive as part of their official duties to buy or sell securities.[11] At least some of the stocks that Loeffler sold were owned jointly with Sprecher and would have required his knowledge and authorization to sell, documents show.

On March 20, 2020, the consumer advocacy group Common Cause filed complaints against Sprecher and Loeffler with the SEC, the Senate Ethics Committee, and the DOJ, requesting from the latter a criminal investigation of the couple for violations of the STOCK Act.


17 posted on 04/01/2020 5:07:23 PM PDT by Liz (Our side has 8 trillion bullets; the other side doesn't know which bathroom to use.)
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To: shelterguy

Nice and classy.

BFL.


18 posted on 04/01/2020 5:17:49 PM PDT by treetopsandroofs
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To: Liz

She is everything Mitch McConnell and the GOP want in a Senator.


19 posted on 04/01/2020 5:18:13 PM PDT by Lurkinanloomin (Natural Born Citizens Are Born Here of Citizen Parents_Know Islam, No Peace-No Islam, Know Peace)
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To: Liz

18 million illegal inside trading deal.
She should resign her seat.


20 posted on 04/01/2020 5:20:30 PM PDT by tennmountainman (eThe Liberals Are Baby Killers)
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