DOJ Closes Insider Trading Investigations Into 3 Senators, Burr’s Trades Still Being Probed – By Rachel Cruise (IB Times) / May 26 2020
- KEY POINTS
- The DOJ was probing senators Dianne Feinstein, Kelly Loeffler and James Inhofe
- These lawmakers were investigated in February for insider trading
- Investigation continues into Sen. Richard Burr’s trading
The Department of Justice (DOJ) is ending its investigations into the alleged insider trading involving three senators who sold off some stocks shortly before the coronavirus pandemic affected the market. The DOJ, however, will keep pursuing a related investigation into Sen. Richard Burr, R-N.C.
Senators Dianne Feinstein, D-Calif.; Kelly Loeffler, R-Ga.; and James Inhofe, R-Okla., were informed by the prosecutors Tuesday (May 26) of the DOJ’s decision.
“Today’s clear exoneration by the Department of Justice affirms what Senator Loeffler has said all along — she did nothing wrong,” Stephen Lawson, the spokesperson for Loeffler said in a statement. “This was a politically-motivated attack shamelessly promoted by the fake news media and her political opponents. Senator Loeffler will continue to focus her full attention on delivering results for Georgians.”
The probe began two months after the Federal Bureau of Investigation (FBI) received reports that several lawmakers, their spouses and their investment advisers were actively trading stocks shortly after the Centers for Disease Control and Prevention (CDC) and National Institute of Allergy and Infectious Diseases director Dr. Anthony Fauci held a confidential Congress briefing about the threats of the novel coronavirus on Jan. 24.
Continue to article: https://www.ibtimes.com/doj-closes-insider-trading-investigations-3-senators-burrs-trades-still-being-probed-2983062
