According to the SEC, Sen. Richard Burr of North Carolina, then chairman of the Senate Intelligence Committee, had material nonpublic information about coronavirus impact. He and his brother-in-law dumped stock before the market dropped in March 2020.
Burr’s resignation comes after the FBI seized his cellphone Wednesday. The Republican from North Carolina is being investigated for selling stock ahead of the market crash due to coronavirus fears.
The Republican of North Carolina, who is under investigation for his stock trading, regularly flips health care stocks even as he pushes for legislation to help the industry.
The investigation comes after ProPublica reported that the North Carolina lawmaker unloaded a significant portion of his total stock holdings before the coronavirus sell-off in the stock market.
The brother-in-law, a Trump appointee, sold between $97,000 and $280,000 worth of stock. Burr is under federal investigation over whether he traded on non-public information gathered through his work in the Senate.
Some Afghan children at a Chicago shelter have hurt themselves or others, leaving workers overwhelmed. Employees say the shelter has never experienced this level of chaos and isn’t equipped to provide kids with services they need.
From Facebook to LinkedIn to Indeed, ads are popping up that promise well-paying jobs — if applicants provide their Social Security numbers and other details up front. Scammers then use the information to apply for unemployment benefits.
Several companies, including one backed by Peter Thiel, are fighting a proposal to curb giant retirement accounts and tighten rules for IRA investments.
The school founded by evangelist Jerry Falwell ignored reports of rape and threatened to punish accusers for breaking its moral code, say former students. An official who says he was fired for raising concerns calls it a “conspiracy of silence.”
by Hannah Dreyfus, photography by Sarah Blesener for ProPublica
After prosecutors flagged hundreds of cops caught fixing tickets for friends and family a decade ago, the officers’ work was supposed to get an extra level of scrutiny. Some cases fell apart anyway.
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