Home Covid-19 Covid-19 News FBI serves warrant on Sen. Burr over coronavirus-related stock sales

FBI serves warrant on Sen. Burr over coronavirus-related stock sales

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FBI brokers reportedly seized the cellphone of a North Carolina senator Wednesday as a part of a Justice Department investigation into the lawmaker’s eyebrow-raising stock trades on the start of the coronavirus disaster.

Sen. Richard Burr, the North Carolina Republican who chairs the Senate Intelligence Committee, handed over his telephone to the brokers after they served him with a search warrant at his Washington-area residence, an nameless official told Yahoo News.

The Justice Department started probing Burr’s stock transactions on the finish of March to gauge whether or not he violated a legislation stopping members of Congress from buying and selling on insider data they obtained by means of their jobs.

Burr had offered off $1.7 million in publicly traded shares every week earlier than the intensifying unfold of COVID-19 led the market to crash. He was amongst a handful of lawmakers who obtained confidential briefings on the virus from US health officers.

Burr dumped his shares whereas publicly downplaying the dangers of the virus in media appearances and op-eds.

The senator has claimed his transactions had been based mostly solely on media experiences and has invited the Senate Ethics Committee to evaluation the sales.

Burr’s workplace declined to remark on the report Wednesday evening.

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