FOUR Republican Senators allegedly dumped millions in stocks after classified briefings on coronavirus… before the stock market crashed.
Senate Intelligence Committee chairman Richard Burr, Georgia Sen. Kelly Loeffler, Wisconsin Sen. Ron Johnson, and Oklahoma Sen. Jim Inhofe have all been accused of getting rid of large stock holdings that recently lost an ample amount of market value.
Sen. Kelly Loeffler reportedly made 29 transactions between $1.27 million and $3.1 million
Richard Burr, Senate Intelligence Committee chairman, reportedly sold between $628,000 and $1.72million of stocks
The stock market plunged as a result of the deadly coronavirus spread, which has now reached at least 13,678 across America, with the total number of deaths more than 200.
Sen. Kelly Loeffler made 29 transactions between $1.27 million and $3.1 million with her husbands after a private senator briefing, according to the Daily Beast.
The private all-senators meeting – held by the Senate Health Committee on January 24 – also had the president of the National Institutes of Health of the United States, Francis S. Collins, Infectious disease expert, Dr. Anthony Fauci, and the director of the CDC, Robert R. Redfield.
The Georgia Senator tweeted shortly after: “Appreciate today’s briefing from the President’s top health officials on the novel coronavirus outbreak.”
Four GOP Senators allegedly sold large amount of stocks prior to the coronavirus pandemic
She then seemed to minimize the seriousness of the virus and wrote in a March 10 tweet: “Concerned about #coronavirus?
“Remember this: The consumer is strong, the economy is strong, & jobs are growing, which puts us in the best economic position to tackle #COVID19 & keep Americans safe.”
Richard Burr, Senate Intelligence Committee chairman, allegedly sold between $628,000 and $1.72million of stocks in 33 separate transactions, ProPublica reported.
According to a secret recording obtained by NPR, the North Carolina Republican said at a luncheon that COVID-19 was “much more aggressive in its transmission than anything that we have seen in recent history.
“It is probably more akin to the 1918 pandemic.”
Oklahoma Sen. Jim Inhof allegedly sold $450,000 in stocks
Sen. Ron Johnson potentially dropped up to $25million in stocks, according to reports
Accord to ProPublica, Burr told the luncheon attendees that business may need to halt employee travel, close schools, and mobilize the military if hospitals become overcrowded.
The all-senate meeting that took place on January 24, appears to have led Oklahoma Sen. Jim Inhof to sell $450,000 in stocks, according to RAW STORY.
Sen. Ron Johnson potentially dropped up to $25million in stocks on February 11, RAW STORY reported.
US Capitol reporter, Jamie Dupree, tweeted a photo of Johnson’s transaction amount ranging between 5million and 25million.
On Monday, the stock market experienced the third worst percentage drop in market history, falling behind only the 1929 crash that triggered The Great Depression.
Multiple industries have now been severely hit by coronavirus, as people self-isolate, avoid large gatherings, stop traveling, and schools have closed.
On Monday, the stock market experienced the third worst percentage drop in market history
