China Fund News reporter Taylor
A bombshell appeared in the American political arena, and people across the country were angry.
We all know that the US stock market has experienced four epic circuit breakers due to the new crown pneumonia epidemic during this period, plummeting from more than 29,000 points to 20,000 points.
Results Today, the US media exposed a big melon. Richard Burr, chairman of the U.S. Congress Senate Intelligence Committee, said to the public that the epidemic in the United States is preventable and controllable, but he also sold out a large number of stocks... He has publicly stated many times that the public does not need to worry, but privately warned entrepreneurs that the epidemic is serious.
Republican senator publicly downplayed the risk of coronavirus
sold up to $1.72 million
According to reports, North Carolina Republican Senator Richard Burr unloaded hundreds of thousands of dollars in stock shortly after publicly underestimating the huge risk of the novel coronavirus.
According to the survey, Burr sold $628,000 to $1.72 million shortly after assuring the public that the United States is fully prepared for the coronavirus.
Bar is the chairman of the Senate Intelligence Committee, which has the right to access the most confidential and sensitive information of the federal government. According to Reuters , Burr's committee was informing him about the threat of the coronavirus every day when he sold his stock.
February 7, Burr told the public: "Thank you very much, today the United States is more prepared than ever to face emerging public health threats such as the coronavirus, thanks in large part to the work of the Senate Health Committee, Congress and the Trump administration."
When he said the epidemic in the United States is preventable and controllable, on February 13, the Senate financial disclosure showed that he sold 33 shares he and his spouse held, with an estimated price of between $628,033 and $1.72 million. Records show that it is the largest stock sold in one day since at least 2016.
htmlOn 19, the National Public Radio Station of the United States (NPR) released an exclusive report, and the report disclosed a secret recording. According to reports, the recording comes from a speech by Republican Senator Richard Burr, chairman of the Senate Intelligence Committee, at a private luncheon on February 27.
NPR report mentioned that the message Burr conveyed that day was terrible and even more worrying.
According to reports, Burr said on the same day, "What I can tell you about this is: it (the new coronavirus) is more aggressive in transmission than anything we have seen in modern history." He also said, "This may be more similar to the 1918 pandemic."
The 1918 flu claimed the lives of 600,000 Americans.
, on the same day, there were only 15 local cases in the United States (as of February 27), and the Trump administration was trying hard to eliminate the public's "fear" in front of the camera, suggesting that the virus may be seasonal. "It will disappear. One day, it will be like a miracle (disappear). He will disappear." Trump said at the time. "It can get worse before things get better. (But) it may disappear, and let's see what happens next." After
, on March 3, Burr commented on the coronavirus outbreak in his North Carolina, and was still insisting on claiming that "the United States is better prepared than other countries in response to a public health emergency like the new coronavirus outbreak."
As a result, with the current circuit breaker and collapse of the US stock market, Burr downplayed the threat of the new coronavirus epidemic on February 7, and the fact that he suddenly sold out all stocks on February 13, coupled with his identity as chairman of the US Senate Intelligence Committee, he could get access to a large amount of sensitive intelligence information at the first time. The US media and the public began to strongly doubt whether he had obtained some "insider" news in advance, so he threw out a large amount of stocks in advance, but concealed the truth from the public.
However, Burr does not seem to be the first person to be accused of "downplaying the threat externally but selling stocks internally" on the epidemic information in the United States. According to the Associated Press, at least four senators from the of the U.S. Republican are suspected of engaging in this "loose outside and tight inside" routine, and Americans are still not aware of the severity of the epidemic and sell their stocks before the stock market collapses.
According to U.S. federal law, federal officials are not allowed to use non-public information learned in their posts to seek personal gain. Under a 2012 legislation, the U.S. insider trading ban applies to all members of Congress, congressional staff and other federal officials. The law also stipulates that officials must publicly disclose the transaction within 45 days of stock trading. Burr was one of three senators who voted against the bill at the time.
Another U.S. senator revealed that he sold stocks before the outbreak
Not only one congressman made such a slutty operation. After the media revealed that Republican Senator Richard Burr sold $1.72 million before the stock market plummeted, The Daily Beast revealed that Republican Senator Kelly Loeffler and her husband conducted 29 stock transactions from January 24 to mid-February. A total of $1.2 million to $3.1 million were sold. Loeffler, the second Republican senator, was found selling a large amount of stocks weeks before the stock market crash.
Daily Beast survey shows that between January 24 and February 14, Loeffler sold shares between $1.275 million and $3.1 million. And since her selling, the average value of these 15 stocks has shrunk by more than one-third.
htmlOn January 24, the Senate Health Committee where Loeffler was located presided over a closed-door briefing on COVID-19. The officials attended the meeting include the CDC director of the Centers for Disease Control and Prevention and the Director of the Institute of Allergy and Infectious Diseases of the National Institutes of Health.
In addition, Loeffler purchased Citrix stocks from $100,000 to $250,000, Citrix, a technology company that provides remote office software. Its stock price has risen slightly since Loeffler purchased it.
The Daily Beast notes that Loeffler has been expressing optimistic messages about the upcoming pandemic. "Democrats have been dangerously and purposely misleading the American people in the preparatory state of coronavirus." Her husband Jeffrey Sprecher is chairman of New York Stock Exchange .
Loeffler slams the "ridiculous and unfounded attack" in a pair of late-night tweets. "This is a ridiculous and unfounded attack. I will not make investment decisions for my portfolio. Investment decisions are made by multiple third-party consultants without me or my husband's understanding or participation." "As confirmed in the periodic trading report submitted to the Senate Ethics Committee, I learned about these transactions on February 16, 2020 - three weeks after the transaction was completed."
As confirmed in the periodic trading report submitted to the Senate Ethics Committee, I learned about these transactions on February 16, 2020-three weeks after the transaction was completed."
This move was slammed for the day, Democratic Rep. Alexandria Ocasio-Cortez (Alexandria) Ocasio-Cortez) bombarded Burr on Twitter, "As chairman of the intelligence committee, Burr got a private briefing about the coronavirus a few weeks ago. Burr knew how bad it would be. He told his wealthy donors the truth while reassuring the public that we were safe and sound. He then sold $1.6 million worth of stocks before the stock market fell." "He needs to resign."
000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 He sold the stock to avoid losing money. ” “Then he remained silent. Carlson said if Burr doesn't explain himself, "he must resign from the Senate and face insider trading indictments.”
Carlson added: “In times of crisis, there is no greater moral crime than betraying your country. ”
