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And here's the kicker:
In 2012, the Senate passed the Stop Trading on Congressional Knowledge Act (STOCK Act) by a 93-2 vote.
One of the two who voted against it was Richard Burr.
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There's no indication that the stock sales were made on the basis of any inside information Burr received as a senator, or that he broke any Senate rules by selling the stock. Congress passed the Stock Act in 2012 that made it illegal for lawmakers to use inside information for financial benefit. Burr was one of three senators to vote against the bill.""""
from cnn
stocks were primarily his wifes and were in hotels
now says between half mil -1,6 mil, so they don't really know
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Pro Publica & NPR alleged that to be so.
He also gave a speech about it on Feb 27th to the North Carolina State Society about the corona virus threat.
If it was a personal account, he will likely pay a lot of taxes if he had gains.
Now he has to make the decision of when to get back in and might miss the boat if he doesn't.
What a rat bastard!
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"There's no indication that the stock sales were made on the basis of any inside information Burr received"
Yeah I probably would believe him if he said he never pays attention to the classified briefings he receives. That's probably his best defense.
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This bitch, on the other hand...
"The Senate's newest member sold off seven figures worth of stock holdings in the days and weeks after a private, all-senators meeting on the novel coronavirus that subsequently hammered U.S. equities.
Sen. Kelly Loeffler (R-GA) reported the first sale of stock jointly owned by her and her husband on Jan. 24, the very day that her committee, the Senate Health Committee, hosted a private, all-senators briefing from administration officials, including the CDC director and Anthony Fauci, the head of the National Institutes of Health of the United States, on the coronavirus.
"Appreciate today's briefing from the President's top health officials on the novel coronavirus outbreak" she tweeted about the briefing at the time.
That first transaction was a sale of stock in the company Resideo Technologies worth between $50,001 and $100,000. The company's stock price has fallen by more than half since then"
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If that Senate rule applies, then she should be prosecuted, shunned, ostracized and branded.
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Definitely shady and wrong. Is it illegal?
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Apparently, Sen. Jim Inhofe also dumped $500,000 of his stock on the Monday after his Friday (1/24) briefing.
I can completely understand why they did it. I mean, it would be hard to hold stock when you know it's about to plummet. But even one of the talking heads from Fox News called for Burr's resignation, saying that betraying your country in a time of crisis is the greatest moral crime.
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Martha Stewart went to jail for insider trading which this seems to be.
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Poor fucking Dood can't ever get anything right, lol.
"Martha Stewart was not convicted for criminal insider trading charges, although she later had to pay $195,000 to settle a civil case with the Securities and Exchange Commission. In her criminal case, she was found guilty of conspiracy, obstruction of justice and lying to federal investigators in March 2004. The securities fraud charge (related to boosting the stock of her own company) was dismissed."
Cue the shill monkey music......
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She wasn't convicted of a crime called insider trading but that basically why she was convicted little shill monkey.
Conspiracy: Stewart was found to have conspired with her broker Peter Bacanovic to obstruct justice and make false statements in the ImClone insider trading investigation.
Obstruction of justice: Stewart was found to have tried to hamper the SEC investigation of her stock sale by providing misleading information and attempting to tamper with a phone message from Bacanovic.
Lying: Stewart was found to have lied to the Securities and Exchange Commission, the FBI, and federal prosecutors when she claimed she had prearranged with her broker to sell her ImClone stock when it fell below $60 per share. She was also found to have lied about not recalling being told that the family of ImClone founder Samuel Waksal was selling stock.
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Cue the shill monkey music...... want hear it? Here it goes.........
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^ Nice backpedal.
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No backpedal at all........facts
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one sold his entire net worth...another sold like 1percent (managers sold it)
one said her husband did it
nothing will come from any of this(not quite the same as insider information), just horrible optics.
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