FBI serves warrant on Senator Burr

[George K]

@jon-nyc said in FBI serves warrant on Senator Burr:

From WaPo:

His brother-in-law also sold off significant shares in February, ProPublica reported last week.

Lock 'em up.

[jon-nyc]

Wonder if the wife passed along the info. That counts.

[Copper]

[GKMode]Lock 'em up.[/GKMode]

[Improviso]

@jon-nyc said in FBI serves warrant on Senator Burr:

Wonder if the wife passed along the info. That counts.

Could be...

He tells his wife about the coming shit-storm and she calls her brother.

[George K]

FBI questions DiFi about her husband.

Sen. Dianne Feinstein has turned over documents to the FBI and answered questions from law-enforcement officials about her husband’s controversial stock trades, a spokesman for the California Democrat said on Thursday.

Feinstein, a former chair of the Senate Intelligence Committee, spoke with the agency “voluntarily” and “provided additional documents to show she had no involvement in her husband’s transactions,” the spokesman added.

Feinstein has denied any wrongdoing in connection with the transactions.

Her husband, Richard Blum, is an investment banker who reportedly sold his shares in a biotech company in January before the coronavirus crisis sent the stock market into a tailspin. The transaction was reported in Feinstein’s routine Senate financial disclosure forms, and her spokesman said at the time the senator has no involvement in her husband’s stock trades.

The issue has come to the forefront in recent weeks as other senators have come under scrutiny for their stock trades, prompting allegations of insider trading. The 2012 STOCK Act prohibits lawmakers and aides from buying and selling stocks based on information obtained through their official duties.

On Thursday, Sen. Richard Burr (R-N.C.) stepped down from his post as chairman of the Intelligence Committee a day after the FBI served a warrant for his cellphone in connection with the agency’s investigation into Burr’s own stock trades, which came around the same time he was receiving briefings about the coronavirus pandemic.

Burr sold his stock right after a Senate briefing. I wonder what the timing of Blum's transactions is.

[jon-nyc]

How big was the sale relative to their holdings? This describes one holding. How big was it? Aren’t they really wealthy?

I find that measure exculpatory in the case of the woman from Georgia married to Sprecher. They sold stock that was 0.6% of their portfolio. Not exactly what someone would do if they were trying to avoid a coming crash.

[George K]

@jon-nyc good question.

[jon-nyc]

The N.Y. post said her sale was 500k-1MM in Jan and her husbands was 1-5MM in Feb.

[jon-nyc]

Google says Blum is a billionaire.

[jon-nyc]

The stock they sold is at an all time high now. lol

Yet Blum is a huge investor in commercial real estate (CB Ellis), which obviously got whacked, but didn’t sell any of that.

Doubt there’s anything here.

[Mik]

I think we might see some censures but probably nothing more.

[George K]

Note which name is not included:

[George K]

Ethics committee also closes investigation into Loeffler:

https://www.reuters.com/article/us-health-coronavirus-usa-senator/insider-trading-investigation-against-u-s-senator-dismissed-idUSKBN23O2MZ