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Senator Kelly Loeffler dumped $3.1m in
stock and Senate Intel chairman Richard
Burr sold $1.5m while getting classified
briefings on coronavirus before market
plunged—then she invested in firm that*

Original Article

Posted By: Ribicon, 3/20/2020 12:30:07 AM

A Georgia senator has become the second lawmaker to have reportedly dumped millions in stock just weeks before the coronavirus pandemic as she was getting coronavirus warnings. According to The Daily Beast, Sen Kelly Loeffler and her husband, Jeffrey Sprecher, the chairman of the New York Stock Exchange, reportedly sold $3.1million in stock with the first sale in the company Resideo Technologies worth between $50,001 and $100,000 on January 24. That same day Loeffler's committee, the Senate Health Committee hosted a private, all senators briefing with administration officials, including the Centers for Disease Control and Prevention (CDC) director and Anthony Fauci.

Comments:

*profited from crisis
Mere coincidence.

Post Reply

Reply 1 - Posted by: Omen55 3/20/2020 12:37:10 AM (No. 351623)
Yeah,honey. You are so primary by Doug Collins. Good job picking this loser,Gov.
25 people like this.

Reply 2 - Posted by: Rumblehog 3/20/2020 12:42:53 AM (No. 351627)
I believe there is a law against "insider trading."
27 people like this.

Reply 3 - Posted by: caljeepgirl 3/20/2020 12:44:07 AM (No. 351628)
Wow, talk about an inside track.....she had it in spades!
22 people like this.

Reply 4 - Posted by: JediJerry 3/20/2020 12:46:36 AM (No. 351630)
I wonder how Schumer and Pelosi made out on this.
41 people like this.

Reply 5 - Posted by: Grounded 3/20/2020 1:13:17 AM (No. 351634)
How do you think Harry Reid got rich?
33 people like this.

Reply 6 - Posted by: DVC 3/20/2020 1:29:32 AM (No. 351636)
And nothing whatsoever will be done about it. Senators are free to break whatever laws they want, apparently.
29 people like this.

Reply 7 - Posted by: rtwngprof 3/20/2020 1:42:02 AM (No. 351639)
After very publicly removing their exemption from insider trading laws, congress quietly put the exemption back several years ago. You would go to jail for this, but they can do it with impunity.
27 people like this.

Reply 8 - Posted by: RedWhite&Blue2 3/20/2020 1:43:02 AM (No. 351640)
So many crooked liar politicians Swampy bastids $$$$$ and power Aren’t we all sick of this? Double-standards They prosper We’re the peons And they wonder why we arm ourselves?
22 people like this.

Reply 9 - Posted by: John C 3/20/2020 1:55:00 AM (No. 351643)
Didn't sell, no real loss but my pension plan value is down 20 %. It sure fells like I have lost a lot of money. Go Doug!
14 people like this.

Reply 10 - Posted by: spinpilot 3/20/2020 2:37:41 AM (No. 351650)
I dont care what party they belong too. hang them in this time of crisis.
21 people like this.

Reply 11 - Posted by: anniebc 3/20/2020 2:50:55 AM (No. 351656)
If this is getting out about Republicans, you know there are plenty of dems guilty of the same. Pelosi.
23 people like this.

Reply 12 - Posted by: Brendacross 3/20/2020 3:07:27 AM (No. 351661)
Calling Marha Stewart, maybe msnbc,cnn,and all can invite her on to ask her thoughts.
8 people like this.

Reply 13 - Posted by: Trigger2 3/20/2020 3:43:18 AM (No. 351677)
They profited from insider trading. Period. It's illegal everywhere except in Congress who always has the insider information. Sprecher isn't in Congress so how did he get away with it? Let's have some FBI investigations and prosecutions or are they too busy making up republican charges again.
19 people like this.

Reply 14 - Posted by: JL80863 3/20/2020 3:45:10 AM (No. 351678)
Congressional insider trading misbehavior has gone on far too long. Insider Trading penalties should be far more severe for members of congress and their staffs than the average bear. How much info was spread by her hubby among friends? If she doesn't resign she should be impeached and her hubby investigated until attorney fees eat up any possible benefit they received. That's what they do to us regular people.
12 people like this.

Reply 15 - Posted by: Muncsdad 3/20/2020 4:16:37 AM (No. 351684)
Burr is a RINO NeverTrumper. But NC has a Marxist Democrat governor, so we would be screwed if he resigns or is removed before we get a GOP goveror. Burr allowed the Russia Russia Russia hoax to go on for years too because he hates Trump so much. POS!
28 people like this.

Reply 16 - Posted by: judy 3/20/2020 5:01:29 AM (No. 351696)
How many dems did the same thing? After all the fake media Is famous for one sided reporting.
9 people like this.

Reply 17 - Posted by: judy 3/20/2020 5:12:32 AM (No. 351700)
Soooo Kelly’s husband is head of the stock exchange...no wonder her governor & McConnell support her!! DM should publish a before & after chart of everyone’s wealth in the senate & house to show us why they love their $$$ jobs.
15 people like this.

Reply 18 - Posted by: judy 3/20/2020 5:31:51 AM (No. 351705)
Feinstein sold over a million in stock, Inhofe sold too! DM did selective reporting!
16 people like this.

Reply 19 - Posted by: WhamDBambam 3/20/2020 6:32:54 AM (No. 351732)
IIRC, Congress exempted itself from the insider-trading laws. This has been known and criticized for some time. Shame to see "Republicans" behaving dishonorably and at the expense of their constituents, who did not have their secret knowledge.
9 people like this.

Reply 20 - Posted by: Gruntmedic 3/20/2020 6:34:07 AM (No. 351733)
Looking at the new drug regimen she may have been to soon,the stock will probably start taking off in a few weeks. She needs to go to jail like Congressman Collins of NY.
5 people like this.

Reply 21 - Posted by: DCGIRL 3/20/2020 6:47:01 AM (No. 351743)
I'm calling her office today and leave a message. That she needs to go to jail for insider trading. Go Collins.
7 people like this.

Reply 22 - Posted by: hoosierblue 3/20/2020 6:48:40 AM (No. 351744)
I'm still waiting for Hillary to go to prison.
7 people like this.

Reply 23 - Posted by: zephyrgirl 3/20/2020 7:17:22 AM (No. 351757)
These corrupt [expletive deleted] will cost us control of the Senate. The Dems (like Feinstein) will get reelected because their voters don't know or care, but Republicans will care in spades and either stay home or vote third party as a protest.
7 people like this.

Reply 24 - Posted by: Falconer 3/20/2020 7:42:56 AM (No. 351774)
So Burr and Loeffler must resign immediately, but Feinstein is ok. That's perfectly democratic. Collins was going to win the Senate seat over Loeffler in GA anyway........this will make it a cakewalk.
6 people like this.

Reply 25 - Posted by: judy 3/20/2020 7:54:42 AM (No. 351793)
Thank you Kelly.... you helped Collins campaign more than $$$$ could help.
6 people like this.

Reply 26 - Posted by: Hermoine 3/20/2020 8:13:31 AM (No. 351824)
Loeffler and Feinstein have their funds in blind trusts -- in Loeffler's case, her transactions are made by third parties. She didn't even stocks were sold until three weeks after the fact when trust submitted the transaction report to the Senate Ethics committee. Richard Burr's case, on the other hand, looks a bit more suspicious.
1 person likes this.

Reply 27 - Posted by: MDConservative 3/20/2020 8:18:42 AM (No. 351832)
What? Someone do something wrong? In Washington? Can't imagine that...
2 people like this.

Reply 28 - Posted by: Venturer 3/20/2020 8:43:35 AM (No. 351884)
They don't spend Millions to get elected to a $175.000 dollar salary for nothing.
5 people like this.

Reply 29 - Posted by: pinger 3/20/2020 8:52:08 AM (No. 351894)
I'm a NC resident who has voted for Burr. If this is proven to be insider trading...he's proven to be no better than the asshats on the other side of aisle. Throw him out.
3 people like this.

Reply 30 - Posted by: ARKfamily 3/20/2020 8:57:43 AM (No. 351903)
Dianne Feinstein, Nancy Pelosi, and Adam Schiff, if I remember correctly, also had Ukrainian connections. Given all of this corruption etc, I am led to one belief: this swamp is so infiltrated it stinks to high heaven. . .
1 person likes this.

Reply 31 - Posted by: chumley 3/20/2020 9:12:19 AM (No. 351920)
Politicians are never held to account for their crimes. All the talk and bluster from POTUS and DOJ is just to keep everyone entertained while nothing happens. Meanwhile, my retirement investments have been set back ten years. Yeah. Winning. I'm not tired of it, I'm still waiting for it.
1 person likes this.

Reply 32 - Posted by: DVC 3/20/2020 11:49:39 AM (No. 352111)
Illegal for you and me, apparently legal for Senators. "Do you know who I am?" applies.
1 person likes this.

Reply 33 - Posted by: TXknitter 3/20/2020 6:51:42 PM (No. 352569)
Loeffler’s husband is Chairman of NY Stock Exchange. Come on folks.
0 people like this.

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