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Senators Dump Stocks After Briefings on Coronavirus From China | Declassified | Gina Shakespeare

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At least five U.S. Senators’ stocks were sold after receiving sensitive briefings on the CCP virus in the early weeks of what ultimately became a pandemic.

The Epoch Times refers to the novel coronavirus, which causes the disease COVID-19, as the CCP virus because the Chinese Communist Party’s coverup and mismanagement allowed the virus to spread throughout China and create a global pandemic.

Stocks held by Sens. Richard Burr (R-N.C.), Dianne Feinstein (D-Calif.), Kelly Loeffler (R-Ga.), Jim Inhofe (R-Okla.), and David Purdue (R-Ga.) were sold around the time they were receiving closed-door briefings on the CCP virus in January.

Burr, the chairman of the Senate Intelligence Committee, sold between $628,000 and $1.7 million of his stocks on Feb. 13, according to Senate financial disclosures. A week later, the stock market began to decline.

Stock market transactions from senators are reported in ranges.

The biggest sales from Burr included stocks from Wyndham Hotels and Resorts, a company that has lost significant value amid the pandemic, and shares of Extended Stay America, a hospitality chain that has also seen a decrease in value amid the spread of the CCP virus.

Burr on Feb. 7 penned an op-ed with Sen. Lamar Alexander (R-Tenn.) telling Americans the country “is better prepared than ever before to face emerging public health threats, like the coronavirus.” At a private meeting on Feb. 27, Burr told business leaders that the new illness created a situation “akin to the 1918 pandemic,” according to a recording obtained by NPR.

Burr called the NPR article about the recording “a tabloid-style hit piece.”

Original article: https://www.theepochtimes.com/senators-sold-stocks-after-receiving-briefings-on-new-virus-from-china_3279573.html

Written by Zachary Stieber

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