(UnitedVoice.com) – It wasn’t that long ago a shocking coronavirus scandal emerged involving several senators and insider trading allegations. On May 13, federal agents served Sen. Richard Burr (R-NC) with a search warrant at his home. It’s part of an investigation into his selling of stocks just before the COVID-19 government shutdown occurred — $1.7 million worth.
The FBI’s search warrant allows for the seizure of Sen. Burr’s phone. They want to review conversations between Burr and his broker.
Earlier this year, it was reported that several senators sold stocks before the pandemic took hold and practically paralyzed the US economy. Burr, who’s the chairman of the Senate Intelligence Committee, attended coronavirus intelligence meetings as early as January.
Burr stated he sold the stocks based on information he received from news reports like CNBC’s daily health and science, based in Asia. He and his wife conducted over 30 transactions between January and mid-February.
In breaking news Thursday, Senate Majority Leader Mitch McConnell (R-KY) announced that Sen. Burr would be resigning as the Intelligence Committee chairman effective immediately.
Full McConnell statement: pic.twitter.com/9ecG7wzOdN
— Kyle Cheney (@kyledcheney) May 14, 2020
Sen. Burr is not alone in selling stocks. According to reports, Sen. Kelly Loeffler (R-GA) and her husband also sold stocks the same day after attending a closed-door meeting with Dr. Anthony Fauci and other members of the Senate Health Committee.
— Doug Collins (@CollinsforGA) May 14, 2020
This is a breaking story and we’re sure there’s more to follow. Stay tuned.
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