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.”
OpenAI Employees Dropped More Than $296K on Democrats While Republicans Got Nothing, Filings Show
Trump DHS chief under fire from conservatives after immigration speech ignites backlash
Bryan Kohberger’s former defense expert calls for death penalty, says investigators missed key evidence
Would-Be Burglar Picked The Wrong North Carolina House To Break Into
GOP Rep Max Miller pushes back against abuse allegations: ‘I have nothing to hide’
Southern university requires business suits, bans du-rags and other headwear in new dress code
Trump demand puts vulnerable Republicans in impossible spot ahead of midterms
Anti-Violence Activist Allegedly Stabs Woman With Box Cutter
Obama Granted Bill Gates Top Secret Clearance At Energy Department
Fauci’s diary details how his relationship with Trump soured
It’s OK to be nostalgic about Woody Allen’s ‘Midnight in Paris’
Brewing conflict within the anti-Houthi coalition risks blowing up the US strategy in Yemen
The race to replace Gretchen Whitmer in Michigan
Inside the behemoth Smithsonian museum network drawing fire from the Trump administration
Vulnerable Democrat warns party to ‘fight back’ against growing socialist movement
“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.
OpenAI Employees Dropped More Than $296K on Democrats While Republicans Got Nothing, Filings Show
Trump DHS chief under fire from conservatives after immigration speech ignites backlash
Bryan Kohberger’s former defense expert calls for death penalty, says investigators missed key evidence
Would-Be Burglar Picked The Wrong North Carolina House To Break Into
GOP Rep Max Miller pushes back against abuse allegations: ‘I have nothing to hide’
Southern university requires business suits, bans du-rags and other headwear in new dress code
Trump demand puts vulnerable Republicans in impossible spot ahead of midterms
Anti-Violence Activist Allegedly Stabs Woman With Box Cutter
Obama Granted Bill Gates Top Secret Clearance At Energy Department
Fauci’s diary details how his relationship with Trump soured
It’s OK to be nostalgic about Woody Allen’s ‘Midnight in Paris’
Brewing conflict within the anti-Houthi coalition risks blowing up the US strategy in Yemen
The race to replace Gretchen Whitmer in Michigan
Inside the behemoth Smithsonian museum network drawing fire from the Trump administration
Vulnerable Democrat warns party to ‘fight back’ against growing socialist movement
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.
OpenAI Employees Dropped More Than $296K on Democrats While Republicans Got Nothing, Filings Show
Trump DHS chief under fire from conservatives after immigration speech ignites backlash
Bryan Kohberger’s former defense expert calls for death penalty, says investigators missed key evidence
Would-Be Burglar Picked The Wrong North Carolina House To Break Into
GOP Rep Max Miller pushes back against abuse allegations: ‘I have nothing to hide’
Southern university requires business suits, bans du-rags and other headwear in new dress code
Trump demand puts vulnerable Republicans in impossible spot ahead of midterms
Anti-Violence Activist Allegedly Stabs Woman With Box Cutter
Obama Granted Bill Gates Top Secret Clearance At Energy Department
Fauci’s diary details how his relationship with Trump soured
It’s OK to be nostalgic about Woody Allen’s ‘Midnight in Paris’
Brewing conflict within the anti-Houthi coalition risks blowing up the US strategy in Yemen
The race to replace Gretchen Whitmer in Michigan
Inside the behemoth Smithsonian museum network drawing fire from the Trump administration
Vulnerable Democrat warns party to ‘fight back’ against growing socialist movement
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
