Sen. Richard Burr sold roughly $1.6M in stock before coronavirus crippled stock market, report finds

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Senate Intelligence Committee Chairman Richard Burr, R-N.C., may have cashed in before the stock market was in free fall due to the coronavirus outbreak, according to a new report.

ProPublica alleged on Thursday that Burr “sold off a significant percentage of his stocks, unloading between $582,029 and $1.56 million of his holdings on Feb. 13 in 29 separate transactions” in filings listed in the U.S. Senate Financial Disclosures website as he was regularly being briefed on the rising threat of the virus.

“Senator Burr filed a financial disclosure form for personal transactions made several weeks before the U.S. and financial markets showed signs of volatility due to the growing coronavirus outbreak. As the situation continues to evolve daily, he has been deeply concerned by the steep and sudden toll this pandemic is taking on our economy. He supported Congress’ immediate efforts to provide $7.8 billion for response efforts and this week’s bipartisan bill to provide relief for American business and small families.

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source Fox news

Sen. Richard Burr (R-NC) wears a mask during the Senate Committee for Health, Education, Labor, and Pensions hearing to examine COVID-19 and Safely Getting Back to Work and Back to School on May 12, 2020 in Washington,DC. (Photo by Win McNamee / POOL / Getty Images) (Photo by WIN MCNAMEE/POOL/AFP via Getty Images)

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