Federal law enforcement officials have questioned Senator Dianne Feinstein (D-CA) over stock trades Richard Blum, the senator’s husband, made ahead of the market crash. The senator’s husband reportedly sold between $1.5 million and $6 million in biotech stock from January 31 to February 18.
Tom Mentzer, a spokesperson for Feinstein, told the San Francisco Chronicle on Thursday that the California senator turned over documents that show she wasn’t involved in her husband’s stock trades, and “voluntarily” answered “questions to set the record straight.”
The spokesperson told The New York Times in mid-March, after reports emerged that four senators sold stocks before the market tanked, that Feinstein’s assets are in a blind trust. Feinstein tweeted on March 20 that her assets have been in a blind trust throughout her senate career, which began in 1992.
Nearly One-in-Six Americans Have Acted on AI Medical Advice Without Speaking to Human, Poll Shows
ICYMI: Judge Shuts Down Democrats’ Attempt to Rush in Late Votes After Candidates Drop Out
Top Dem operative brushes off latest scandal plaguing Maine Senate candidate as ‘salacious gossip’
Gun rights gets ‘greatest restoration’ in 100 years with latest Trump DOJ move, lawmaker hails
Democrats realize they love Haley Stevens, just a little too late
Veteran pediatrician hails Medicaid shift ending youth sex-change treatments: ‘This is not denial of care’
Legal expert calls for Smithsonian leadership overhaul over ‘self-loathing’ portrayal of history: ‘It’s bile’
Man charged with assault, hate crimes after allegedly disrupting Shabbat services at NYC synagogue
Shake Shack worker allegedly calls out before robbing own restaurant, returns in uniform 2 days later
California Man Receives Postcard Sent by His Late Parents 26 Years Ago
DFW Airport scraps controversial Islamic foot-washing station plan as Texas Gov Abbott takes aim
California teen faces prison after viral video shows him squaring up, repeatedly kicking sea lion in the face
Delta flight diverted twice after lavatory leak floods cabin, leaves passengers stranded for hours
Reagan National Airport makes drastic change following deadly 2025 midair collision
Watch: Little League Coach Declares, ‘Jesus Is Still Lord’ Live on ESPN
Under Senate rules I report my husband's financial transactions. I have no input into his decisions. My husband in January and February sold shares of a cancer therapy company. This company is unrelated to any work on the coronavirus and the sale was unrelated to the situation.
— Senator Dianne Feinstein (@SenFeinstein) March 20, 2020
Allogene Therapeutics, the biotech company whose shares her husband traded, closed at $21.72 per share on January 31 and $24.25 on February 18. The company is currently trading at $42.55 per share.
Feinstein, the former chair of the Senate Intelligence Committee, disclosed the conversation with law enforcement officials as Senator Richard Burr (R-NC) agreed to step down from his position as Senate Intelligence Chair amidst an investigation into his stock activities on February 13.
In a statement, Senate Majority Leader Mitch McConnell (R-KY) said Burr approached him with the decision on Thursday morning, and they both agreed it “would be in the best interests of the committee.”
As the Los Angeles Times previously reported, the FBI obtained a search warrant for the senator and confiscated his cell phone. Law enforcement officials told the news agency that they were looking at his conversations with his stock broker, and in previous days served a warrant to Apple in order to access information on the senator’s iCloud account.
Nearly One-in-Six Americans Have Acted on AI Medical Advice Without Speaking to Human, Poll Shows
ICYMI: Judge Shuts Down Democrats’ Attempt to Rush in Late Votes After Candidates Drop Out
Top Dem operative brushes off latest scandal plaguing Maine Senate candidate as ‘salacious gossip’
Gun rights gets ‘greatest restoration’ in 100 years with latest Trump DOJ move, lawmaker hails
Democrats realize they love Haley Stevens, just a little too late
Veteran pediatrician hails Medicaid shift ending youth sex-change treatments: ‘This is not denial of care’
Legal expert calls for Smithsonian leadership overhaul over ‘self-loathing’ portrayal of history: ‘It’s bile’
Man charged with assault, hate crimes after allegedly disrupting Shabbat services at NYC synagogue
Shake Shack worker allegedly calls out before robbing own restaurant, returns in uniform 2 days later
California Man Receives Postcard Sent by His Late Parents 26 Years Ago
DFW Airport scraps controversial Islamic foot-washing station plan as Texas Gov Abbott takes aim
California teen faces prison after viral video shows him squaring up, repeatedly kicking sea lion in the face
Delta flight diverted twice after lavatory leak floods cabin, leaves passengers stranded for hours
Reagan National Airport makes drastic change following deadly 2025 midair collision
Watch: Little League Coach Declares, ‘Jesus Is Still Lord’ Live on ESPN
Information about Burr’s stock activities was unearthed in late March by ProPublica, which reported that the senator and his wife “sold off a significant percentage of his stocks” over the course of 33 transactions in a single day. The trades amounted to between $628,000 and $1.72 million, reports the news agency.
Burr told reporters on Thursday that the he has been complying with the investigation since the beginning, and that “everybody ought to let this investigation play out,” reports CNBC. The senator also said he was stepping down as chairman because the ongoing investigation was a “distraction to the hard work of the committee.”
Burr has previously said that he made his financial decisions based on publicly available information, specifically referencing reports at CNBC daily health, according to the Associated Press.
Story cited here.
