Friday, May 15, 2020

THE STOCK SCAM - RICHARD BURR STEPS DOWN, ETHICALLY DEPRAVED SENATOR DIANNE FEINSTEIN GAMES IT AGAIN

US Senator Richard Burr steps down as intelligence chairman amid investigation into pre-pandemic stock dump


15 May 2020
As part of an ongoing Justice Department and Securities and Exchange Commission’s probe into insider trading conducted by prominent US senators, Federal Bureau of Investigation (FBI) agents have seized the personal cell phone of North Carolina senator Richard Burr.

BLOG: FEINSTEIN, WHO HAS SPENT HER ENTIRE POLITICAL LIFE PUSHING FOR AND VOTING FOR DEALS THAT WOULD FILL HER HUSBAND'S POCKETS HAS ALWAYS FACED SERIOUS ETHICS CHARGES. SHE SIMPLY GAMES THEY CORRUPT SYSTEM AND AS HER PIMP-HUSBAND HANDS OUT BRIBES TO ALL DEMS SO THEY KEEP THEIR MOUTHS SHUT ABOUT FEINSTEIN'S 'DEALS'.
A spokesperson for Dianne Feinstein has also confirmed that FBI agents have questioned the California senator regarding her and her husband's selling of up to $6 million worth of stock between January 31 and February 18. Feinstein has maintained her innocence, pleading ignorance as to her husband’s actions.
It was revealed by several media investigations as well as senate disclosure forms in March, that senators Burr and Feinstein, as well as James Inhofe and Kelly Loeffler, sought to secure their personal wealth at the expense of society by selling millions of dollars in stock, prior to the market’s collapse and after receiving classified intelligence briefings on the emerging threat of the coronavirus beginning on January 24.
Chairman Richard Burr, R-N.C., gives opening remarks at a Senate Intelligence Committee hearing for a nomination hearing for Rep. John Ratcliffe, R-Texas, on Capitol Hill in Washington, Tuesday, May. 5, 2020. (AP Photo/Andrew Harnik, Pool)
As the virus spread unchecked throughout the country, Burr sought to soften the threat of the virus while buttressing the government's preparedness efforts. Burr coauthored an opinion piece for Fox News on February 7 arguing that “the United States today is better prepared than ever before to face emerging public health threats like the coronavirus, in large part due to the work of the Senate Health Committee, Congress and the Trump administration.”
But when speaking to affluent campaign contributors on February 27, Burr made more direct warnings. Members of the Tar Heel Circle, who pay between $500 and $10,000 in dues, were truthfully warned by Burr, that far from being a minor flu,“[COVID-19] is probably more akin to the 1918 pandemic.”
In order for a warrant to be executed on a sitting senator, such as Burr, the signature of Attorney General William Barr is required. As Chair of the Senate Intelligence Committee, Burr oversaw investigations into, and suppressed findings that could shed light on, the murderous and illegal activities of the CIA, FBI and NSA. The purpose of the warrant was to obtain phone records and conversations between Burr and his stockbroker, according to reports.
As of this writing, it does not appear that Inhofe nor Loeffler have been questioned by authorities, nor served any warrants, despite both engaging in similar activity as Burr and Feinstein.
According to Burr’s senate disclosure forms, he and his wife sold 33 different stocks on a single day, February 13, worth between $628,000 and $1.72 million. The sales represent the most stock Burr had sold in over a year and a significant portion of his estimated $3.1 million net worth according to Opensecrets.orgProPublica reported last week that Burr’s brother-in-law, Gerald Fauth, sold between $97,000 and $280,000 worth of shares the exact same day as Burr. Fauth was appointed by Donald Trump to the National Mediation Board, the federal agency that coordinates labor-management relations within the railroad and airline industries, in 2017.
As with his connected brother-in-law, Fauth chose to divest from several businesses that were soon to see a precipitous drop in stock value, including several major oil companies. Fauth sold $50,000 worth of Chevron; between $1,001 and $15,000 of BP and between $15,001 and $50,000 of Royal Dutch Shell stock.
FBI agents served the now-former chair of the powerful Senate Intelligence Committee with a warrant to seize his cell phone at his Washington D.C. home on Wednesday evening. On Thursday, Burr delivered a letter to Senate Majority Leader Mitch McConnell informing him that he would be stepping down as chair of the Intel Committee.
As chair, Burr oversaw the nearly three-year investigation into “Russian interference” that took place during the 2016 election which supposedly benefited Donald Trump. This fact-free conspiracy theory was promulgated by the ruling class and their servants in the intelligence agencies and Democratic party to channel mass popular opposition to Trump behind a right-wing pro-war campaign to demonize Russia and lay the groundwork for internet censorship and war.
Burr earned Trump’s ire by issuing a subpoena for Donald Trump Jr. to testify in front of the committee last year as part of the committee's McCarthyite investigation.
While speaking to reporters on Thursday, Trump insisted that he didn’t know about the warrant, or impending seizure of Burr’s phone. During a press conference Trump stated that he “knew nothing about it.” Upon hearing that Burr had resigned his chair position, Trump dryly replied, “That’s too bad.”


Revealed: Four senators dumped millions in stocks while Capitol Hill was being briefed on the coronavirus threat but BEFORE markets started tanking

 

·         Richard Burr, head of the Senate Intelligence Committee which was directly briefed on coronavirus, sold up to $1.7m in stock between January and February 
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·         Dianne Feinstein, on the same committee, sold up to $6m in stock in same period
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·         Kelly Loeffler, on the Senate Health Committee, sold up to $3.1m in stock starting on the day her committee was briefed by the CDC 
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·         James Inhofe sold up to $400k in stocks including real estate all on January 27 
·         Coronavirus symptoms: what are they and should you see a doctor?

Four senators dumped millions of dollars worth of stock while Capitol Hill was being briefed on the threat of coronavirus but before the markets tanked as infections soared, disclosure records have revealed. 
Republicans Richard Burr, Kelly Loeffler and James Inhofe and Democrat Dianne Feinstein collectively offloaded up to $11million in stock between late January and early February, according to records seen by The Daily BeastNew York Times and ProPublica
Burr, chair of the Senate Intelligence Committee that was directly briefed on coronavirus, sold up to $1.7million in stock including in hotels, according to reporting from ProPublica. 
Feinstein, a member of the same committee, sold up to $6million in stock including in a biotech firm.
Loeffler dumped up to $3.1million in investments starting on the day the Senate Health Committee, which she sits on, was briefed by the CDC. Meanwhile James Inhofe sold up to $400,000 in stock including real estate.
Loeffler and Feinstein have defended themselves, saying their stocks are invested in trusts and portfolios that they have no personal control over. Inhofe has not commented. 
Burr's spokeswoman said in a statement to DailyMail.com that Burr filed his financial disclosure form several weeks before the markets showed 'volatility.'    
The Stop Trading on Congressional Knowledge Act prohibits members of Congress from insider trading based on classified  information they have received in briefings.
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The chairman of the House Intelligence Committee, Sen. Richard Burr, knew of the coming coronavirus crisis three weeks ago and divulged details of the chaos that would ensue to a group of well-heeled constituents 
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Sen Kelly Loeffler (pictured) reportedly sold $3.1million in stock with the first sale made on January 24, the same day her committee was briefed by the CDC
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Sen. Jim Inhofe, a Republican from Oklahoma,  sold up to $400k all on January 27 
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Dianne Feinstein who sits on the Intelligence Committee which was also briefed on coronavirus, sold up to $6m in stock
According to The Daily Beast, Sen Kelly Loeffler and her husband, Jeffrey Sprecher, the chairman of the New York Stock Exchange, sold $3.1million in stock between late January and early February.
The first sale was in the firm Resideo Technologies worth between $50,001 and $100,000 and made on January 24, the same day her committee - the Senate Health Committee - held a briefing with the CDC. 
The stock has since halved in value.
During the same period the couple made just two purchases, one of which was stock in a tele-working company that has seen an increase in price amid office shutdowns. 
Meawnhile Richard Burr, Republican chair of the Senate Intelligence Committee which was being briefed on coronavirus, offloaded between $582,029 and $1.56million of his stock holdings in mid-February.  
Burr later went on to warn people at a meeting in Washington that coronavirus was likely to cause significant disruption to businesses, even as Donald Trump was playing down the threat.
Dianne Feinstein, a Democratic member of the same committee, and her husband also sold between $1.5 million and $6 million in stock in California biotech company between late January and mid-February.
Elsewhere James Inhofe, Republican of Oklahoma, sold stocks totaling $400,000 on January 27 including shares in PayPal, Apple and Brookfield Asset Management, a real estate company. 
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Loeffler's sell-off began the same day the committee she sits on was briefed by the CDC, which she later tweeted about
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Loeffler has defended herself, saying her money is invested in a portfolio she has no control over. Feinstein also said her stocks are held in a blind trust, which she does not control
ProPublica reported that on February 13 Burr sold of stock holdings in 29 separate transactions. A week later the stock market started its downward trend, now losing about a third of its value.  
Burr dumped $150,000 worth of shares of Wyndham Hotels and Resorts stock and $100,000 worth of shares of Extended Stay America. 
The hospitality industry has been one of the worst shattered in this collapse.
Then, on February 27 Burr gave well-heeled constituents from the Tar Heel State a dire warning about the kind of chaos the coronavirus could cause. 
The North Carolina Republican is heard on a secret recording obtained by NPR telling members of the Tar Heel Circle on February 27 that the coronavirus was 'much more aggressive in its transmission than anything that we have seen in recent history.'  
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Burr talked to members of the Tar Heel Circle, a group that charges $500 to $10,000 for membership, at the Capitol Hill Club, a private social club for Republicans located steps away from the Capitol Building 
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At the Capitol Hill Club (pictured), Burr spelled out the anticipated widespread disruptions that would be caused by the coronavirus outbreak, statements he wasn't making publicly 
'It is probably more akin to the 1918 pandemic,' Burr told the group, who pay between $500 and $10,000 for membership of the group, according to NPR's reporting. 
In a series of tweets, Burr pushed back and said he was addressing the membership of the North Carolina State Society. 'The message I shared with my constituents is the one public health officials urged all of us to heed as coronavirus spread increased,' he also said.
A spokesman for Feinstein said that all of her stock holdings are in a blind trust, and that she has no involvement in financial decisions made by her husband.  
The luncheon that was taped was held at the Capitol Hill Club, a social club for Republicans located steps away from the Capitol Building. 
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Rep Alexandria Ocasio-Cortez led the calls for the resignations of both Koeffler and Burr shortly after the news broke on Thursday 
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