Anonymous ID: eb6627 March 19, 2020, 6:47 p.m. No.8482773   🗄️.is 🔗kun

Sen. Richard Burr sold roughly $1.6M in stock before coronavirus crippled stock market, report finds

 

well I hope WARNER sold a ton of stocks too, these two DS have to go from the senate. But they’ll probably just get a slap in the wrist

 

Senate Intelligence Committee Chairman Richard Burr, R-N.C., may have cashed in before the stock market was in free fall due to the coronavirus outbreak, according to a new report.

 

ProPublica alleged on Thursday that 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" in filings listed in the U.S. Senate Financial Disclosures website as he was regularly being briefed on the rising threat of the virus.

 

A spokesperson for Burr told Fox News, "Senator Burr filed a financial disclosure form for personal transactions made several weeks before the U.S. and financial markets showed signs of volatility due to the growing coronavirus outbreak. As the situation continues to evolve daily, he has been deeply concerned by the steep and sudden toll this pandemic is taking on our economy. He supported Congress’ immediate efforts to provide $7.8 billion for response efforts and this week’s bipartisan bill to provide relief for American business and small families.”

 

HOW TO PREVENT THE SPREAD

 

This followed another report from NPR, which alleged that Burr warned "a small group of well-connected constituents" at a luncheon in late February about the potential impact of the virus, according to a secret recording of the conversation that was obtained.

 

"There's one thing that I can tell you about this: It is much more aggressive in its transmission than anything that we have seen in recent history," Burr said in the recording. "It is probably more akin to the 1918 pandemic."

 

Burr hit back at NPR's "tabloid-style hit piece" in a lengthy Twitter response.

 

"In a tabloid-style hit piece today, NPR knowingly and irresponsibly misrepresented a speech I gave last month about the coronavirus threat," Burr said. "This lunch was hosted on Feb. 27 by the North Carolina State Society. It was publicly advertised and widely attended. NPR knew, but did not report, that attendees also included many non-members, bipartisan congressional staff, and representatives from the governor’s office.

 

https://www.foxnews.com/politics/sen-richard-burr-sold-stock-stock-market-coronavirus