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.”
Teen mass killer pleads guilty to NC rampage that left five dead, including brother, police officer
Jury reaches verdict in trial of ex-Uvalde school police officer accused of failing to confront gunman
Appeals court hands Trump admin ‘victory’ in Minnesota ICE force restrictions case
Backfire: TDSing European Parliament Member Gets Shut Down in Assembly When His Anti-Trump Fit Goes Way Too Far
Somali-born activist praises Trump’s stark warning at Davos speech: ‘Priority No. 1’
Alert: Bill and Hillary Clinton Found to Be in Contempt of Congress by House Oversight Committee in Bipartisan Vote
Newsom claims Trump administration blocked his Davos speaking engagement
‘An Uphill Battle’ – ‘Ant Man,’ ‘Lost’ Actress Reveals Struggle with Traumatic Brain Injury
Fed’s Cook doubles down on her role after SCOTUS wraps
Mayor Frey shares highly produced video speaking on Latino radio station: ‘You’re brave and you’re tough’
Qatar and Turkey join ‘Board of Peace’ despite Israeli protest, highlighting Trump’s autocratic approach
Breaking: Trump Announces ‘Framework’ of a Greenland Deal Has Been Reached with NATO Chief
600,000 residents flee Ukraine’s capital over destruction of energy infrastructure: Kyiv mayor
Luigi Mangione case: If stalking and assault aren’t ‘crimes of violence,’ death penalty vanishes
Oklahoma man charged with threatening to kill ICE agents, MAGA Republicans online
“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.
Teen mass killer pleads guilty to NC rampage that left five dead, including brother, police officer
Jury reaches verdict in trial of ex-Uvalde school police officer accused of failing to confront gunman
Appeals court hands Trump admin ‘victory’ in Minnesota ICE force restrictions case
Backfire: TDSing European Parliament Member Gets Shut Down in Assembly When His Anti-Trump Fit Goes Way Too Far
Somali-born activist praises Trump’s stark warning at Davos speech: ‘Priority No. 1’
Alert: Bill and Hillary Clinton Found to Be in Contempt of Congress by House Oversight Committee in Bipartisan Vote
Newsom claims Trump administration blocked his Davos speaking engagement
‘An Uphill Battle’ – ‘Ant Man,’ ‘Lost’ Actress Reveals Struggle with Traumatic Brain Injury
Fed’s Cook doubles down on her role after SCOTUS wraps
Mayor Frey shares highly produced video speaking on Latino radio station: ‘You’re brave and you’re tough’
Qatar and Turkey join ‘Board of Peace’ despite Israeli protest, highlighting Trump’s autocratic approach
Breaking: Trump Announces ‘Framework’ of a Greenland Deal Has Been Reached with NATO Chief
600,000 residents flee Ukraine’s capital over destruction of energy infrastructure: Kyiv mayor
Luigi Mangione case: If stalking and assault aren’t ‘crimes of violence,’ death penalty vanishes
Oklahoma man charged with threatening to kill ICE agents, MAGA Republicans online
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.
Teen mass killer pleads guilty to NC rampage that left five dead, including brother, police officer
Jury reaches verdict in trial of ex-Uvalde school police officer accused of failing to confront gunman
Appeals court hands Trump admin ‘victory’ in Minnesota ICE force restrictions case
Backfire: TDSing European Parliament Member Gets Shut Down in Assembly When His Anti-Trump Fit Goes Way Too Far
Somali-born activist praises Trump’s stark warning at Davos speech: ‘Priority No. 1’
Alert: Bill and Hillary Clinton Found to Be in Contempt of Congress by House Oversight Committee in Bipartisan Vote
Newsom claims Trump administration blocked his Davos speaking engagement
‘An Uphill Battle’ – ‘Ant Man,’ ‘Lost’ Actress Reveals Struggle with Traumatic Brain Injury
Fed’s Cook doubles down on her role after SCOTUS wraps
Mayor Frey shares highly produced video speaking on Latino radio station: ‘You’re brave and you’re tough’
Qatar and Turkey join ‘Board of Peace’ despite Israeli protest, highlighting Trump’s autocratic approach
Breaking: Trump Announces ‘Framework’ of a Greenland Deal Has Been Reached with NATO Chief
600,000 residents flee Ukraine’s capital over destruction of energy infrastructure: Kyiv mayor
Luigi Mangione case: If stalking and assault aren’t ‘crimes of violence,’ death penalty vanishes
Oklahoma man charged with threatening to kill ICE agents, MAGA Republicans online
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









