Outrageous.
Senators Richard Burr and Kelly Loeffler had inside information about the likely impact of the coronavirus -- and it appears they used it to profit off the global pandemic crisis even as they and other powerful Republicans downplayed the impact of the virus. And Burr and Loeffler may not be the only ones.
The Guardian: "US senators accused of coronavirus insider trading are a symbol of moral bankruptcy."
Alexandria Ocasio-Cortez, Rashida Tlaib, and over a dozen other organizations are also pressuring pandemic profiteers in Congress to resign. The more people sign, the more the media will continue to report on this -- and the more pressure we'll build.
ProPublica: Senator Dumped Up to $1.7 Million of Stock After Reassuring Public About Coronavirus Preparedness
"Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading between $628,000 and $1.72 million of his holdings on Feb. 13 in 33 separate transactions.
"As the head of the intelligence committee, Burr, a North Carolina Republican, has access to the government’s most highly classified information about threats to America’s security. His committee was receiving daily coronavirus briefings around this time, according to a Reuters story.
"A week after Burr’s sales, the stock market began a sharp decline and has lost about 30% since.
The Daily Beast: Sen. Kelly Loeffler Dumped Millions in Stock After Coronavirus Briefing
"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."
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-- The PCCC Team
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