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laylalex

Burr to step down as Senate Intelligence chair amid insider trading probe

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Senate Majority Leader Mitch McConnell (R-Ky.) announced Thursday that Sen. Richard Burr (R-N.C.) is stepping down from his position as chairman of the Senate Intelligence Committee pending an investigation into possible insider trading.

Why it matters: The news comes one day after reports that the FBI seized Burr's phone as part of the investigation. Burr, who had access to classified briefings about the coronavirus, dumped between $582,029 and $1.56 million in March just prior to the market crash. He has denied wrongdoing.

 

https://www.axios.com/richard-burr-steps-down-senate-intelligence-46161f4d-526a-4157-884f-da0b32e420fb.html

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Makes sense.  

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1 hour ago, laylalex said:

This is big news for the state. There are people already lining up for his job if he resigns

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I wonder if all the folks suspected of insider trading are receiving the same treatment?

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Agree. I think here in Gawga Kellu Loeffler got some splaning to do.

 

Of course no connection with Feinstein and her husbands massive sell off 

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