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Originally posted by mjsuax13Enjoy.
FBI seizes millionaire Senator Richard Burr’s
cell phone over coronavirus ‘stock-dump’
- Updated: 14 May 2020, 6:08
THE FBI has seized the cellphone of NC Republican senator Richard Burr as part of an investigation into stock trades he made as the coronavirus pandemic broke out in the US.
Millionaire Burr turned his phone over to federal agents after they served him with
a search warrant at his home in Washington DC, it was revealed on Wednesday.
The search warrant on Burr, who is the chairman of the Senate Intelligence Committee,
would have required approval from the highest ranks of the Justice Department The Republican senator sold off large amounts of stock in February, ahead of the market crash, which was spurred by coronavirus fears.
The disclosure, which was first published by ProPublica, revealed that Burr sold
up to $1.72 million shortly before the market plummeted by 30 percent.
Burr's brother-in-law also dumped tens of thousands of dollars worth of shares.
Burr and other senators on the intelligence committee
received daily briefings from public health officials
before he sold the stock,
which he offloaded in 33 different transactions on February 13.
Burr had also come under fire after audio was leaked to NPR which involved Burr
telling a VIP group at an exclusive social club a considerably more dire preview
of the economic impact of the coronavirus than what he had told the public.
But the audio recording revealed Burr warning the group
that the virus could stop travel, shutter schools, overwhelm
the healthcare system, and result in military mobilization.
Gerald Fauth, who is married to Burr's sister, Mary Fauth, sold between $97,000
and $280,000 worth of shares in six companies on the same day as Burr.
ProPublica notes that several of these businesses
were pummeled during the resulting crisis
which saw the market sink by 30 percent
Fauth (Burr's brother-in-law) avoided between $37,000 and $118,000 in losses,
according to Luke Brindle-Khym, who is a partner and general counsel of
investigative firm QRI in Manhattan.
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What's the big deal? What politician DOESN'T use the office for personal gain? We should lock 'em ALL up!Comment -
Accurate statement.Originally posted by rkelly110Comment -
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Lock him up !!!!!Comment -
The RINO hunters are out today.
I wish you good hunting.Comment -
InterestingOriginally posted by rkelly110
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