Senator Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus Preparedness
By News
Published 4 years ago on
March 19, 2020
Share
[aggregation-styles]
ProPublica
Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading between $582,029 and $1.56 million of his holdings on Feb. 13 in 29 separate transactions.
As the head of the intelligence committee, Burr, a North Carolina Republican, has access to the government’s most highly classified information about threats to America’s security. His committee was receiving daily coronavirus briefings around this time, according to a Reuters story.
A week after Burr’s sales, the stock market began a sharp decline and has lost about 30% since.
Read More →
ProPublica
Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading between $582,029 and $1.56 million of his holdings on Feb. 13 in 29 separate transactions.
As the head of the intelligence committee, Burr, a North Carolina Republican, has access to the government’s most highly classified information about threats to America’s security. His committee was receiving daily coronavirus briefings around this time, according to a Reuters story.
A week after Burr’s sales, the stock market began a sharp decline and has lost about 30% since.
Read More →
By Robert Faturechi and Derek Willis | 19 Mar 2020
RELATED TOPICS:
Fresno Trash Hauler’s Response to Overpayments: We Followed the City’s Rules
Politics /
1 hour ago
Which Six QBs Were Selected in the Top 12 of the NFL Draft?
Sports /
1 hour ago
Nuggets Close to Sweeping Lakers After Game 3 Win
Sports /
2 hours ago
Jose Ramirez: ‘I Want to Make a Statement and Put on a Show’
Sports /
2 hours ago
Yoshinobu Yamamoto’s 6 Shutout Innings Help Dodgers Finish Sweep, Defeat Nats 2-1
Sports /
3 hours ago
The 49ers Add Florida Receiver Ricky Pearsall With the 30th Draft Pick
Sports /
3 hours ago
Political Stunt, Egg on His Face, Personal Vendetta. Who’s Fresno DA Talking About?
Politics /
3 hours ago
Fresno Oops? Garbage Hike Protest Vote Delayed by Error
A mistake by the city of Fresno in the process to approve residential garbage rates will delay a vote.
When a city government proposes rate ...
Politics /
18 mins ago
Categories
Latest
Videos
Politics /
18 mins ago
Fresno Oops? Garbage Hike Protest Vote Delayed by Error
Politics /
31 mins ago
Trump’s Potential VP Pick Boasts About Executing Puppy
Opinion /
43 mins ago
Trita Parsi: Blind Support for Israel Erodes Western Democracies
Politics /
1 hour ago
Fresno Trash Hauler’s Response to Overpayments: We Followed the City’s Rules
Sports /
1 hour ago
Which Six QBs Were Selected in the Top 12 of the NFL Draft?
Sports /
2 hours ago
Nuggets Close to Sweeping Lakers After Game 3 Win
Sports /
2 hours ago