Rantburg

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2020-05-07 -Lurid Crime Tales-
Republican senator Richard Burr's brother-in-law dumped shares on the SAME DAY as the politician - who had just received a secret coronavirus briefing
I seem to recall one of our Rantburg investors saying he had also dumped a bunch of shares in that period, not because of insider information, but just because it was the sensible thing to do.
[Daily Mail, where America gets its news]
  • Gerald Fauth, whose sister Brooke is married to North Carolina Republican senator Richard Burr, revealed to have sold up to $280,000 in shares on Feb. 13

  • That was same day as Burr dumped up to $1.72 million of his shares - after he received a secret briefing on the coronavirus

  • Fauth has a post on the National Mediation Board - thanks to Donald Trump -has to declare his stock dealings

  • Burr is already facing a Justice Department inquiry into the dealings, as is Georgia Republican senator Kelly Loeffler

  • This story was originally published by ProPublica
Posted by Skidmark 2020-05-07 00:44|| || Front Page|| [11129 views ]  Top

#1 "The timing of Burr's stock sales drew widespread outrage, allegations of insider trading, calls for his resignation and an FBI investigation."

Gee, I feel better already.
Posted by Clem 2020-05-07 06:40||   2020-05-07 06:40|| Front Page Top

#2 Blue Horseshoe hates Anacot Steel?
Posted by Raj 2020-05-07 09:29||   2020-05-07 09:29|| Front Page Top

#3 Seems to be de rigueur for many of these congresscritters. That doesn't make it right. It doesn't mean anything will be done about it either. Jail time is for the little people and politically unconnected.
Posted by JohnQC 2020-05-07 09:31||   2020-05-07 09:31|| Front Page Top

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