DOJ Begins Investigating Lawmaker Stock Transactions After Richard Burr Scandal – By Cristina Cabrera (Talking Point Memo) / March 30 2020
The Department of Justice has begun investigating stock transactions lawmakers had made after a series of closed-door briefings on the imminent COVID-19 outbreak, which dealt a major blow to the stock market before the meetings.
News of the probe, per CNN, came less than two weeks after a ProPublica investigation revealed that Sen. Richard Burr (R-NC), chair of the Senate Intelligence Committee, had dumped $1.6 million in stocks after regularly receiving the briefings. The stock market took a nosedive about a week after the senator sold the stocks.
Burr insisted that the transactions were based “solely on public news reports” after revelations of his sales emerged.
According to CNN, the FBI has already reached out to the North Carolina Republican in the DOJ’s investigation.