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.”
AG aims to retry Alex Murdaugh ‘quickly’; both sides enter courtroom chess match with each other’s game plans
California death row inmates watching porn on taxpayer-funded tablets, evading security controls: report
It never ends: GOP moves to fund border, Democrats blast Trump spending
Howard Lutnick testified he saw Epstein’s massage table as ‘sexual in nature’ during 2005 visit
Video: Ex-Trans Speaker Postpones TPUSA Speech as Antifa ‘Militia … on Cross-Sex Hormones’ Threatens Violence Cops Weren’t Prepared for
Vance turns up heat on states with federal cash threat over Medicaid fraud crackdown
JD Vance’s Fraud Task Force Makes California Pay $1.3 Billion Price for Defrauding Taxpayers
Poll: Thomas Massie Trailing Trump-Backed Primary Challenger After Leading Big Just Weeks Ago
CIA Furious as Active Agent Testifies on Fauci’s Enormous Role in COVID ‘Cover-Up’
Children’s book author sentenced for husband’s poisoning death as judge calls her ‘too dangerous’
Arrest of gang member convicted of murder puts Dem state’s sanctuary policies on blast
Red-State Governor Cancels Special Redistricting Session for Congressional Seats
DHS says two women killed six years apart in Texas should still be alive after illegal immigrant’s arrest
Lawmakers clash over Trump gas tax holiday as Iran war drives prices higher
DHS lawyer focuses blame on Biden judge after illegal immigrant release controversy
“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.
AG aims to retry Alex Murdaugh ‘quickly’; both sides enter courtroom chess match with each other’s game plans
California death row inmates watching porn on taxpayer-funded tablets, evading security controls: report
It never ends: GOP moves to fund border, Democrats blast Trump spending
Howard Lutnick testified he saw Epstein’s massage table as ‘sexual in nature’ during 2005 visit
Video: Ex-Trans Speaker Postpones TPUSA Speech as Antifa ‘Militia … on Cross-Sex Hormones’ Threatens Violence Cops Weren’t Prepared for
Vance turns up heat on states with federal cash threat over Medicaid fraud crackdown
JD Vance’s Fraud Task Force Makes California Pay $1.3 Billion Price for Defrauding Taxpayers
Poll: Thomas Massie Trailing Trump-Backed Primary Challenger After Leading Big Just Weeks Ago
CIA Furious as Active Agent Testifies on Fauci’s Enormous Role in COVID ‘Cover-Up’
Children’s book author sentenced for husband’s poisoning death as judge calls her ‘too dangerous’
Arrest of gang member convicted of murder puts Dem state’s sanctuary policies on blast
Red-State Governor Cancels Special Redistricting Session for Congressional Seats
DHS says two women killed six years apart in Texas should still be alive after illegal immigrant’s arrest
Lawmakers clash over Trump gas tax holiday as Iran war drives prices higher
DHS lawyer focuses blame on Biden judge after illegal immigrant release controversy
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.
AG aims to retry Alex Murdaugh ‘quickly’; both sides enter courtroom chess match with each other’s game plans
California death row inmates watching porn on taxpayer-funded tablets, evading security controls: report
It never ends: GOP moves to fund border, Democrats blast Trump spending
Howard Lutnick testified he saw Epstein’s massage table as ‘sexual in nature’ during 2005 visit
Video: Ex-Trans Speaker Postpones TPUSA Speech as Antifa ‘Militia … on Cross-Sex Hormones’ Threatens Violence Cops Weren’t Prepared for
Vance turns up heat on states with federal cash threat over Medicaid fraud crackdown
JD Vance’s Fraud Task Force Makes California Pay $1.3 Billion Price for Defrauding Taxpayers
Poll: Thomas Massie Trailing Trump-Backed Primary Challenger After Leading Big Just Weeks Ago
CIA Furious as Active Agent Testifies on Fauci’s Enormous Role in COVID ‘Cover-Up’
Children’s book author sentenced for husband’s poisoning death as judge calls her ‘too dangerous’
Arrest of gang member convicted of murder puts Dem state’s sanctuary policies on blast
Red-State Governor Cancels Special Redistricting Session for Congressional Seats
DHS says two women killed six years apart in Texas should still be alive after illegal immigrant’s arrest
Lawmakers clash over Trump gas tax holiday as Iran war drives prices higher
DHS lawyer focuses blame on Biden judge after illegal immigrant release controversy
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
