Senator Richard Burr is in hot water after allegations emerged that he may have used inside information to avoid market losses related to coronavirus.
belonging to Sen. Richard Burr as part of an investigation into stock sales the senator made in February as the coronavirus began spreading across the United States. On Thursday, Burr announced that he would step down from his position as Senate Intelligence Committee chairman during the investigation. that Burr, the chair of the Senate Intelligence Committee, sold between $628,000 and $1.
Senator Kelly Loeffler , Senator James Inhofe and Senator Dianne Feinstein were also caught up in the controversy. Per financial disclosures, those senators also sold off large quantities of stock before the pandemic, though it has yet to be determined whether those sales constituted insider trading. Loeffler said April 8 she would liquidate her individual stocks and denied wrongdoing.
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