It’s the latest development in a controversy ignited by stock sales made just before the coronavirus tanked markets.
, federal agents served Burr Wednesday with a search warrant and seized his cell phone at his Washington-area residence, according to an unnamed law enforcement official.said, into whether Burr violated an insider trading law that’s meant to prevent members of Congress from selling stock based on information gained in their work.reported, the agents and prosecutors must convince a judge that they have probable cause to believe that a crime had been committed.
Serving a warrant on a sitting U.S. senator would require approval from the highest ranks of the Department of Justice, according to theTimes reported, and was used to obtain information from Burr’s iCloud account; some of that data was used as evidence to obtain the Wednesday warrant.Forbes over email; “The FBI does not have a comment,” according to a bureau spokesperson, while DOJ spokesperson Peter Carr said “We are declining to comment,” also over email.It’s unclear who will chair the Senate Intelligence Committee moving forward. Burr’s resignation takes effect at the end of the day on Friday.
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