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.
As Senate Intel Chair Richard Burr was privately warning about the dangers of coronavirus, he was offloading between $500k and $1.5M in stocks that plummeted in value weeks later https://t.co/NXDqNd0Q1m
— Lachlan Markay (@lachlan) March 19, 2020
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)