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Showing Original Post only (View all)Sen Burr Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus Preparedness [View all]
GOP Senator Dumped Stock Before Coronavirus Crisis
March 19, 2020 at 5:19 pm EDT By Taegan Goddard Leave a Comment
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 governments most highly classified information about threats to Americas security. His committee was receiving daily coronavirus briefings around this time, according to a Reuters story.
A week after Burrs 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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https://www.propublica.org/article/senator-dumped-up-to-1-6-million-of-stock-after-reassuring-public-about-coronavirus-preparedness
UPDATE HERE:
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