by Bob Walsh
You may remember I wrote a while back about several U. S. Senators, including Richard Burr (R-N.C.), chairman of the Senate Intelligence Committee. He sold some stock a while back with very convenient timing just prior to the Covid-19 market drop. This happened right after they received a classified hearing on the Covid-19 bug.
Wednesday evening the FBI paid him a visit, with a search warrant, and took his cell phone. They also served a warrant on Apple related to the senator's ICloud account.
Burr has steadfastly maintained that the timing was a coincidence and had nothing at all to do with the classified briefing. Until 2012 it was perfectly legal for members of congress to use information received in the course of their official duties to make decisions to buy and sell stocks. A lot of them made a shitload of money that way. It is no longer legal. That doesn't mean it no longer happens.
Three other senators, two more Republicans and Diane Feinstein (D) of CA have also faced scrutiny for suspicious timing. Ms. Feinstein says that her assets are held in a blind trust that she has no control over. James Inhofe (R-Ok) says he wasn't even at the briefing and had no knowledge of what took place there. Kelly Loeffler (R-GA) has also caught heat for suspicious timing of a stock dump.
No comments:
Post a Comment