A new report by The Daily Beast revealed that Sen. Kelly Loeffler (R-GA) sold millions in stock after receiving a private coronavirus briefing, days before the market plunge.
The Georgia Republican is the second senator who has gotten rid of their holdings right as the stock market went bad.
The first was Sen. Richard Burr (R-NC), who pocketed $1.6 million after dumping stocks after the briefing.
“The Senate’s newest member sold off seven figures worth of stock holdings in the days and weeks after a private, all-Senators meeting on the novel coronavirus that subsequently hammered U.S. equities,” The Beast reported Thursday.
“Sen. Kelly Loeffler (R-GA) reported the first sale of stock jointly owned by her and her husband on January 24, the very day that her committee, the Senate Health Committee, hosted a private, all-Senators briefing from administration officials, including the CDC Director and Anthony Fauci, the head of the National Institutes of Health of the United States, on the coronavirus.”
Loeffler tweeted about it at the time.
Appreciate today’s briefing from the President’s top health officials on the novel coronavirus outbreak. These men and women are working around the clock to keep our country safe and healthy. #gapol https://t.co/5866TrrEFc
— Senator Kelly Loeffler (@SenatorLoeffler) January 25, 2020
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