March 20, 2020 – It was reported yesterday that several US Senators who were receiving daily briefings on COVID-19, took that information and sold off stocks before the information they had access to was made public.
Senator Richard Burr, the chairman of the Senate Intelligence Committee, received daily briefings on COVID-19. Over the past month, Burr sold between $628,000 and $1.72 million in 33 separate transactions. Based on the transaction dates, Burr sold after learning how deadly the coronavirus could be.
Worst still, Burr was publicly reassuring Americans that the government was well-equipped to handle COVID-19.
Senator Dianne Feinstein also sold $1.5 million to $6 million worth of shares in late and mid-February, Senate records show.
Georgia’s Kelly Loeffler and her husband sold millions of dollars worth of stock in late January and early February as senators began to get briefings on the virus, also according to Senate records.
And Oklahoma Republican Senator James Inhofe sold as much as $400,000 in equities on January 27, disclosure reports show.
“All of these Senators should be investigated by authorities and the Senate Ethics Committee.” said Jeanne Ives, Republican Nominee for Congress IL-06. “If the allegations are true, they used their access to government to enrich themselves at the expense of the health, safety and economic security of the American people, members of their party should demand they resign.”
“Illinoisans know all too well how devastating self-serving politicians can be. I understand how deeply public policy can impact people’s lives, and how important it is to have trustworthy people making that policy. That is why, as a state legislator, I stood up to politicians on both sides of the aisle when they betrayed the people they promised to serve. I will do the same in Congress.”
For more information or to book Jeanne Ives, please contact Kathleen Murphy at 630-329-4680 or [email protected].