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Thu Mar 19, 2020, 05:24 PM

Richard Burr Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus

Senator Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus Preparedness
Intelligence Chair Richard Burr’s selloff came around the time he was receiving daily briefings on the health threat.

by Robert Faturechi and Derek Willis March 19, 5:01 p.m. EDT

https://www.propublica.org/article/senator-dumped-up-to-1-6-million-of-stock-after-reassuring-public-about-coronavirus-preparedness



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.

On Thursday, Burr came under fire after NPR obtained a secret recording from Feb. 27, in which the lawmaker gave a VIP group at an exclusive social club a much more dire preview of the economic impact of the coronavirus than what he had told the public.

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Reply Richard Burr Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus (Original post)
Miles Archer Mar 19 OP
Roland99 Mar 19 #1
sop Mar 19 #2

Response to Miles Archer (Original post)

Thu Mar 19, 2020, 05:25 PM

1. He must resign now!

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Response to Miles Archer (Original post)

Thu Mar 19, 2020, 05:29 PM

2. How much did Jared, Don Jr. and Eric sell off? Forget Hunter, we need to investigate these kids.

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