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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSen. Kelly Loeffler Dumped Millions in Stock After Coronavirus Briefing
The Senates 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.
Sen. Kelly Loeffler (R-GA) reported the first sale of stock jointly owned by her and her husband on Jan. 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.
Appreciate todays briefing from the Presidents top health officials on the novel coronavirus outbreak, she tweeted about the briefing at the time.
That first transaction was a sale of stock in the company Resideo Technologies worth between $50,001 and $100,000. The companys stock price has fallen by more than half since then, and the Dow Jones Industrial Average overall has shed approximately 10,000 points, dropping about a third of its value.
It was the first of 29 stock transactions that Loeffler and her husband made through mid-February, all but two of which were sales. One of Loefflers two purchases was stock worth between $100,000 and $250,000 in Citrix, a technology company that offers teleworking software and which has seen a small bump in its stock price since Loeffler bought in as a result of coronavirus-induced market turmoil.
https://www.thedailybeast.com/sen-kelly-loeffler-dumped-millions-in-stock-after-coronavirus-briefing
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dhol82
(9,352 posts)Burr dumped 1.5 million in stock and now this one!
Sincerely hope they will be brought up on insider trading charges but I am often a fool.
dweller
(23,628 posts)of living under a criminal regime
😣
✌🏼
Bernardo de La Paz
(48,999 posts)Ilsa
(61,694 posts)for insider trading. Fuck them all.
Response to RandySF (Original post)
democratisphere This message was self-deleted by its author.
Doodley
(9,088 posts)take action and warn the public. Worst case explanation: She knew she could personally benefit by cashing the stock and, among others, let the virus spread happen.
Cicada
(4,533 posts)The chumps who bought her shares were cheated. They didnt have access to her secret info.