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DOJ Begins Investigating Lawmaker Stock Transactions After Richard Burr Scandal (Talking Point Memo)

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WASHINGTON, DC - JUNE 13: Committee Chairman Sen. Richard Burr (R-NC) listens to U.S. Attorney General Jeff Sessions testify before the Senate Intelligence Committee on Capitol Hill June 13, 2017 in Washington, DC. Sessions recused himself from the Russia investigation and he was later discovered to have had contact with the Russian ambassador last year despite testifying to the contrary during his confirmation hearing. (Photo by Chip Somodevilla/Getty Images)

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.

Continue to article: https://talkingpointsmemo.com/news/justice-department-investigate-lawmaker-stock-transactions-richard-burr-coronavirus

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