Sen. Dianne Feinstein of California and three of her Senate colleagues sold off stocks worth millions of dollars in the days before the coronavirus outbreak crashed the market, according to reports.
The data is listed on a U.S. Senate website containing financial disclosures from Senate members.
Feinstein, who serves as ranking member of the Senate Judiciary Committee, and her husband sold between $1.5 million and $6 million in stock in California biotech company Allogene Therapeutics, between Jan. 31 and Feb. 18, The New York Times reported.
When questioned by the newspaper, a spokesman for the Democrat from San Francisco said Feinstein wasn’t directly involved in the sale.
“All of Senator Feinstein’s assets are in a blind trust,” the spokesman, Tom Mentzer, told the Times. “She has no involvement in her husband’s financial decisions.”
ICE Chief Calls Out CNN for ‘Willfully Endangering’ Officers with ‘Sickening’ Segment
Rep Dusty Johnson launches bid for South Dakota governor
Police reveal contents of mysterious black packages that washed up on pristine Florida beach
Multibillion-dollar healthcare fraud scheme included giving people ‘unnecessary’ skin grafts: DOJ
Senate Begins ‘Vote-a-Rama’ as Fate of the ‘Big, Beautiful Bill’ Hangs in the Balance
Trump goes scorched earth on AT&T after suffering conference call woes
Former boxing coach says Kohberger never competed despite suspect’s boasts
Trump to sign order lifting sanctions on Syria
House Freedom Caucus targets Trump’s ‘big, beautiful bill’ with concerns about budget deficit
ChatGPT Users Are Being Involuntarily Committed – What Is Going On?
Trump Administration Finds Harvard Violated Federal Law, Floats Major Punishment
DOJ charges hundreds of people in $14.6 billion healthcare fraud takedown
Salena Zito: Trump shooting sparked his ‘urgency of now’
Iranian Cleric Issues Fatwa Against Trump
Key House GOP moderate Don Bacon won’t seek re-election
“All of Senator Feinstein’s assets are in a blind trust. She has no involvement in her husband’s financial decisions.”
Reports identified the three other senators as Richard Burr of North Carolina, Kelly Loeffler of Georgia and James Inhofe of Oklahoma, all Republicans.
Burr, chairman of the Senate Intelligence Committee, used more than 30 transactions to dump between $628,000 and $1.72 million on Feb. 13, according to ProPublica.
The report said the transactions involved a significant percentage of the senator’s holdings and took place about a week before the impact of the virus outbreak sent stock prices plunging to the point where gains made during President Trump’s term in office were largely erased.
“Senator Burr filed a financial disclosure form for personal transactions made several weeks before the U.S. and financial markets showed signs of volatility due to the growing coronavirus outbreak,” a Burr spokesperson said. “As the situation continues to evolve daily, he has been deeply concerned by the steep and sudden toll this pandemic is taking on our economy.”
Burr was an author of the Pandemic and All-Hazards Preparedness Act, a law that helps determine the federal response to situations such as the coronavirus outbreak, ProPublica reported. Burr’s office would not comment on what kind of information Burr might have received about coronavirus prior to his stock sales, the outlet reported.
ICE Chief Calls Out CNN for ‘Willfully Endangering’ Officers with ‘Sickening’ Segment
Rep Dusty Johnson launches bid for South Dakota governor
Police reveal contents of mysterious black packages that washed up on pristine Florida beach
Multibillion-dollar healthcare fraud scheme included giving people ‘unnecessary’ skin grafts: DOJ
Senate Begins ‘Vote-a-Rama’ as Fate of the ‘Big, Beautiful Bill’ Hangs in the Balance
Trump goes scorched earth on AT&T after suffering conference call woes
Former boxing coach says Kohberger never competed despite suspect’s boasts
Trump to sign order lifting sanctions on Syria
House Freedom Caucus targets Trump’s ‘big, beautiful bill’ with concerns about budget deficit
ChatGPT Users Are Being Involuntarily Committed – What Is Going On?
Trump Administration Finds Harvard Violated Federal Law, Floats Major Punishment
DOJ charges hundreds of people in $14.6 billion healthcare fraud takedown
Salena Zito: Trump shooting sparked his ‘urgency of now’
Iranian Cleric Issues Fatwa Against Trump
Key House GOP moderate Don Bacon won’t seek re-election
NPR reported that Burr made ominous comments about coronavirus behind closed doors last month.
“There’s one thing that I can tell you about this: It is much more aggressive in its transmission than anything that we have seen in recent history,” Burr said at a Feb. 27 meeting of business leaders in Washington. “It is probably more akin to the 1918 pandemic.”
Loeffler was appointed to the Senate in December by Georgia Gov. Brian Kemp after incumbent Sen. Johnny Isakson resigned because of health issues – despite allies of President Trump having urged Kemp to select Rep. Doug Collins instead.
Loeffler and her husband, Jeffrey Sprecher, chairman of the New York Stock Exchange, sold stock Jan. 24, the same day she sat in on a briefing from two members of Trump’s Coronavirus Task Force, The Daily Beast reported.
Between that day and Feb. 14, the couple sold stock worth a total between $1.2 million and $3.1 million, the report said. In addition to the sales, they also purchased stock in a maker of software that helps people work at home – just before millions of Americans were forced to leave their offices because of the outbreak, the report said.
Loeffler slammed the Daily Beast report as a “ridiculous and baseless attack” in a pair of late-night tweets.
ICE Chief Calls Out CNN for ‘Willfully Endangering’ Officers with ‘Sickening’ Segment
Rep Dusty Johnson launches bid for South Dakota governor
Police reveal contents of mysterious black packages that washed up on pristine Florida beach
Multibillion-dollar healthcare fraud scheme included giving people ‘unnecessary’ skin grafts: DOJ
Senate Begins ‘Vote-a-Rama’ as Fate of the ‘Big, Beautiful Bill’ Hangs in the Balance
Trump goes scorched earth on AT&T after suffering conference call woes
Former boxing coach says Kohberger never competed despite suspect’s boasts
Trump to sign order lifting sanctions on Syria
House Freedom Caucus targets Trump’s ‘big, beautiful bill’ with concerns about budget deficit
ChatGPT Users Are Being Involuntarily Committed – What Is Going On?
Trump Administration Finds Harvard Violated Federal Law, Floats Major Punishment
DOJ charges hundreds of people in $14.6 billion healthcare fraud takedown
Salena Zito: Trump shooting sparked his ‘urgency of now’
Iranian Cleric Issues Fatwa Against Trump
Key House GOP moderate Don Bacon won’t seek re-election
As confirmed in the periodic transaction report to Senate Ethics, I was informed of these purchases and sales on February 16, 2020 — three weeks after they were made.
— Senator Kelly Loeffler (@SenatorLoeffler) March 20, 2020
