Shortly after assuring the American public that the government was fully prepared to battle the coronavirus outbreak, the powerful chairman of the Senate Intelligence Committee, Richard Burr, decided to sell a significant percentage of his stocks, unloading between $582,029 and $1.56 million of his holdings on Feb. 13 in 29 separate transactions.
According to NPR, Burr had told the American public that the coronavirus outbreak would be handled. Yet, he told a VIP group at an exclusive social club a much more dire preview of the economic impact of the coronavirus than what he had told the public.
“Senator Burr filed a financial disclosure form for personal transactions made several weeks before the U.S. and financial markets showed signs of volatility due to the growing coronavirus outbreak,” his spokesperson said. “As the situation continues to evolve daily, he has been deeply concerned by the steep and sudden toll this pandemic is taking on our economy.”
According to the NPR report, Burr told attendees of the luncheon held at the Capitol Hill Club: “There’s one thing that I can tell you about this: It is much more aggressive in its transmission than anything that we have seen in recent history … It is probably more akin to the 1918 pandemic.”
According to Reuters, Burr was receiving the government’s most highly classified information about the outbreak during the same time he was telling Americans not to worry while he was making money from his stocks.
You can read more on the report HERE via Rawstory.