Sen. Burr's brother-in-law sold off stocks before crash on same day as Burr: report - News Summed Up

Sen. Burr's brother-in-law sold off stocks before crash on same day as Burr: report


The same day that Sen. Richard Burr, R-N.C., sold off at least $628,000 worth of stocks before the market crashed, his brother-in-law also dumped a significant amount of shares, according to a new report from ProPublica. The report, citing a public financial disclosure form from Burr's brother-in-law Gerald Fauth -- who serves on the National Mediation Board (NMB) -- reveals that Fauth sold between $97,000 and $280,000 worth of stocks in a total of six transactions on Feb. 13, 2020. Fox News reached out to Fisher, Burr, for additional comment regarding Fauth's transactions, but neither immediately responded. Burr is just one of several senators whose stock sales before the crash raised eyebrows. CLICK HERE TO GET THE FOX NEWS APPThe husband of Sen. Dianne Feinstein, D-Calif., also sold at least $1.5 million in stocks during a similar time frame, and Sen. Jim Inhofe, R-Okla., sold between $230,000 and $500,000 in stocks in January and February.


Source: Fox News May 07, 2020 13:18 UTC



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