Republican Sen. Kelly Loeffler, just three months into her appointment, has come under fire for selling $20 million in stock after a closed-door briefing in the weeks building up to the coronavirus pandemic.
U.S. Sen. Kelly Loeffler, R-Ga., sold $20 million in stock in the weeks building up to the coronavirus pandemic.Al Drago/Bloomberg via Getty Images
Trump and his allies had lobbied heavily for U.S. Rep. Doug Collins to get the vacant seat, but Republican Gov. Brian Kemp appointed Loeffler. Loeffler and her husband, who is the CEO of a company that owns the New York Stock Exchange, dumped millions of dollars in shares after she attended a closed-door Senate briefing on the coronavirus in January. The couple also picked up investments in companies that have benefited in the pandemic.Emory University political science professor Andra Gillespie says the timing couldn't be worse for the senator.
"I have no involvement with the investment activities conducted by third-party advisers," she told Bloomberg News.
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