Democratic senators. but it is worth keeping an eye of republican senators as well. richard burr faced scrutiny last year following conveniently timed stock sales. now, this happened as then president trump was publically down playing the virus saying things like, it is like a miracle. it will disappear. but burr who was part of the senate intelligence committee at the time appeared to see things very differently behind the scenes. in march of last year burr, quote, warned a small group of well connected constituents to prepare for dire economic and societal effects of the coronavirus. so he dumped more than $1.6 million of his own stocks. two months later, we learn that the fbi seized his cell phone as part of a possible insider trading investigation. then he was forced to resign his chairmanship. on january 19th, his justice
After he did so, he called his brother-in-law. that same day. the two men talked for 50 seconds. according to the s.e.c., he had material nonpublic information about the coronavirus. after that, he talked to his brother-in-law. the very next minute, burr s brother-in-law called his own broker. burr liquidates his stock portfolio, calls his broernl. one minute later, his brother-in-law calls his broker too. pro publica previously reported that his brother-in-law had dumped stock the same day burr did, but it was unknown the two men spoke that day, and the contact came just before the brother-in-law was dumping stock himself. the cdc reveals there is also an insider trading investigation on senator burr and his brother-in-law. in its filings, the cdc says he
In stocks. he called his brother-in-law. the two men talked for 15 seconds. according to the sec, he had material nonpublic information about the coronavirus. after that, he talked to his brother-in-law. the very next minute, burr s brother-in-law called his broker. pro publica previously reported that his brother-in-law had dumped stock the same day burr did, but it was unknown the two men spoke that day, and the contact came just before the brother-in-law was dumping stock himself. the cdc reveals there is also an insider trading investigation on
Commission filing, the two men talked for 50 seconds. according to the sec, senator burr had material, non public information regarding the incoming economic impact of coronavirus. the very next minute, after senator burr place that call to his brother in law and they spoke for 50 seconds. the very next minute, burst brother-in-law, called his own broker. burr look dated his stock portfolio, calls its brother-in-law one minute later, his brother-in-law calls his broker to. propublica previously reported that senator byrd s brother in law had dump stocks the same day that senator byrd and. but it was previously unknown that the two men spoke that day, . and that their contact came just before the brother-in-law begin the process of dumping stock himself. in these findings the sec also revealed that there was an ongoing insider trading investigation into both senator burr and his brother-in-law. and it s filing the sec alleges
Nonpublic information, which is sort of the crucial, you know, element to an insider trading investigation. we do know that at the time he was chair of the intelligence committee. he was sitting on the health committee, which was, you know, getting briefings about covid, and more importantly than that, he had staffers who were, you know, former staffers who were in federal agencies who were specifically working on preparing for the coming crisis. and, you know, according to the s.e.c., you know, he was getting information from them. senator burr has announced that he will not be running for reelection. prosecutors decided not to file charges but are he and his brother out of the woods? what liability still is out there potentially? so at the very end of the trump administration, it was announced that the federal criminal investigation by doj