WOW: Two US Senators Unload Stocks After CoronaVirus Briefing in January to Avoid Big Losses

Two Republican Senators have been caught selling off $Millions of dollars in stocks after a closed-door Senate-only meeting forecasting the impact of the coronavirus pandemic, unbelievable.

The following is from our friends at The Daily Caller:

Two Republican senators were caught selling off millions of dollars worth of stocks shortly after a closed-door Senate-only meeting forecasting the impact of the coronavirus pandemic, the Daily Beast reported Thursday.

Republican Georgia Senator Kelly Loeffler sold roughly $3.1 million in stocks she jointly held with her husband between January 24 and February 14, just before the disease put the stock market into freefall. Her colleague and fellow Republican North Carolina Senator Richard Burr sold off roughly $1.5 million of his own stocks in February as well, shortly before hosting a private meeting with wealthy constituents where he detailed to them the potential impacts of the virus, according to NPR.

Burr tried to deflect the NPR story on Twitter, and Loeffler has yet to comment on the matter.

This is a developing story.

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Brenda Barbeck
Brenda Barbeck
1 year ago

Insider trading???

Roger Stanley
Roger Stanley
1 year ago

Burr is a big tobacco pig. He was meeting with his best pals at Altria/Reynolds collecting more checks for keeping America smoking.

johnnycab23513
johnnycab23513
1 year ago

Totally legal for Congress critters and Senators! Immoral maybe, but legal!.