Senators Loeffler And Burr Caught Dumping Their Stocks After Private Meeting On Coronavirus Impact

Written by Anders Hagstrom | Source: The Daily Caller Politics | March 19, 2020 10:02 PM

Two Republican senators were caught selling off millions of dollars worth of stocks shortly after a closed-door Senate-only meeting forecasting the impact of the coronavirus pandemic, the Daily Beast reported Thursday.

Republican Georgia Senator Kelly Loeffler sold roughly $3.1 million in stocks she jointly held with her husband between January 24 and February 14, just before the disease put the stock market into freefall. Her colleague and fellow Republican North Carolina Senator Richard Burr sold off roughly $1.5 million of his own stocks in February as well, shortly before hosting a private meeting with wealthy constituents where he detailed to them the potential impacts of the virus, according to NPR.

Loeffler has yet to release comment on the issue, but Burr addressed the NPR story on Twitter. (RELATED: McConnell Introduces Text For Phase Three Coronavirus Stimulus Bill)

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