FBI seizes Richard Burr phone in investigation of possible insider trading - Business Insider

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FBI seizes Richard Burr phone in investigation of possible insider trading - Business Insider
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The FBI seized Republican Sen. Richard Burr's cell phone as part of an investigation into potential insider trading related to coronavirus

Burr was served with a search warrant at his home near Washington, DC, the LA Times reported, citing an anonymous law enforcement official.

According to Reuters, Burr's committee was getting daily briefings on the threat of the coronavirus around the time he dumped his stock. The senators added, however, that "Thankfully, 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.", he started dumping stock on February 13, six days after writing that op-ed.

He added: "Understanding the assumption many could make in hindsight, however, I spoke this morning with the chairman of the Senate Ethics Committee and asked him to open a complete review of the matter with full transparency." it had obtained a recording that features Burr raising dire concerns about the coronavirus to members of a private Washington club.

After ProPublica published its report, it surfaced that several other US senators had also dumped millions in stocks right before the markets plummeted amid fears of the coronavirus.

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