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.
‘The View’ Floats Dangerous Conspiracy Theory About Trump Days After Assassination Attempt, Draws Response from White House
Why The Supreme Court’s Landmark Elections Decision Is a ‘Game Changer’ for the Midterms and Beyond
Trump EPA chief vows he won’t take ‘morality lessons’ from Dem senator after heated clash
Newsom mocks Trump’s limited-edition passport with fake California driver’s license featuring gov’s portrait
UnitedHealthcare Fires Employee Who Said She Was Sad Trump Assassin Failed: ‘Violence is Never Acceptable’
United Airlines Flight Reportedly Struck by a Drone at 3,000 Feet
Members of heretical Muslim cult arrested in UK accused of sex offenses, forced marriage, and slavery
Prosecutors drop reference to injured Secret Service agent in latest filing amid confusion over Trump assassination case
FBI reveals Brown University mass shooter began plotting massacre as early as 2022, blamed victims
Kohberger defense team says it is ‘appalled’ by former expert’s public comments about Idaho murders case
Rashida Tlaib slams anti-israel Arab group over handling of sexual harassment claims
‘Shark Tank’ star backs Trump’s White House ballroom plan amid security concerns: ‘It’s bipartisan’
Grand Jury Indicts 2 Suspects for Assault on Turning Point USA Journalist
DOJ Releases Mirror Selfie of WHCA Dinner Shooter Donning Red Tie, Weapons Arsenal Just Before Attack
Dems’ ‘No Kings’ rhetoric backfires as critics lambaste ‘confusing’ reaction to actual king
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.
‘The View’ Floats Dangerous Conspiracy Theory About Trump Days After Assassination Attempt, Draws Response from White House
Why The Supreme Court’s Landmark Elections Decision Is a ‘Game Changer’ for the Midterms and Beyond
Trump EPA chief vows he won’t take ‘morality lessons’ from Dem senator after heated clash
Newsom mocks Trump’s limited-edition passport with fake California driver’s license featuring gov’s portrait
UnitedHealthcare Fires Employee Who Said She Was Sad Trump Assassin Failed: ‘Violence is Never Acceptable’
United Airlines Flight Reportedly Struck by a Drone at 3,000 Feet
Members of heretical Muslim cult arrested in UK accused of sex offenses, forced marriage, and slavery
Prosecutors drop reference to injured Secret Service agent in latest filing amid confusion over Trump assassination case
FBI reveals Brown University mass shooter began plotting massacre as early as 2022, blamed victims
Kohberger defense team says it is ‘appalled’ by former expert’s public comments about Idaho murders case
Rashida Tlaib slams anti-israel Arab group over handling of sexual harassment claims
‘Shark Tank’ star backs Trump’s White House ballroom plan amid security concerns: ‘It’s bipartisan’
Grand Jury Indicts 2 Suspects for Assault on Turning Point USA Journalist
DOJ Releases Mirror Selfie of WHCA Dinner Shooter Donning Red Tie, Weapons Arsenal Just Before Attack
Dems’ ‘No Kings’ rhetoric backfires as critics lambaste ‘confusing’ reaction to actual king
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.
