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What A Coincidence! Same Day Senator Burr Dumped His Stock, So Did His Brother-in-Law!

What A Coincidence! Same Day Senator Burr Dumped His Stock, So Did His Brother-in-Law!

4 years ago
Anonymous $pSba0tWIcA

https://www.techdirt.com/articles/20200507/16432744456/what-coincidence-same-day-senator-burr-dumped-his-stock-so-did-his-brother-in-law.shtml

Senator Richard Burr's potential insider trading issues, for which he's being investigated, may have gotten quite a bit worse this week. A new report notes that on the same day Burr sold off a "significant percentage" of his stock holdings (while also telling the public not to worry about COVID-19), it turns out his brother-in-law just coincidentally decided to dump a bunch of stock too. Amazing!

Sen. Richard Burr was not the only member of his family to sell off a significant portion of his stock holdings in February, ahead of the market crash spurred by coronavirus fears. On the same day Burr sold, his brother-in-law also dumped tens of thousands of dollars worth of shares. The market fell by more than 30% in the subsequent month.

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