FBI Serves Warrant on Richard Burr in Investigation Into Stock Sales Tied to Pandemic

The FBI has seized a cellphone belonging to Sen. Richard Burr as it investigates stock trades he made at start of the coronavirus pandemic.

The North Carolina Republican gave his cellphone up to the agents while they served a search on Burr at his residence, an official confirmed to the Los Angeles Times. Authorities are looking into whether Barr purposely dumped stocks on Feb. 13 as part of an insider trading investigation. . .

Burr took bipartisan condemnation after news of the sales was revealed. He is accused of using information he received from daily intelligence community briefings as the Senate Intelligence Committee chairman to inform his trading decisions. After he offloaded as much as $1.72 million of his holdings, Burr reportedly compared the growing health crisis to the 1918 flu pandemic at an exclusive Feb. 27 luncheon.

The Republican senator has maintained that he did nothing wrong and asked for the Senate Ethics Committee to conduct a full investigation into the allegations. He said in a statement after the controversy began that he “relied solely on public news reports” in his decision to sell a large percentage of his portfolio in 33 separate transactions. (Read more from “FBI Serves Warrant on Richard Burr in Investigation Into Stock Sales Tied to Pandemic” HERE)

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