Loeffler fends off foes who accuse her of profiting from the coronavirus.
The young and eventful Senate career of Kelly Loeffler, a wealthy Georgia business executive and political neophyte, was born in a maelstrom and was barely three months old when it entered another.in December by Georgia’s Republican governor to fill a vacant Senate seat. In picking Loeffler, the governor angered right-wing Republicans who had wanted the job to go to Rep. Douglas A. Collins , a staunch supporter of President Trump and lively critic of his impeachment.
In an extended interview, Loeffler defended herself in the same measured, anodyne tones she perfected on the earnings calls for her husband, Jeffrey Sprecher’s, company, Intercontinental Exchange. The massive firm, which she helped build, owns a large roster of financial markets throughout the world, including futures exchanges and the New York Stock Exchange, by far the largest stock-trading institution on planet Earth.
On its face, the timing of the investment deals — which Loeffler said were made without her knowledge by her investment advisers — have raised suspicions. Her congressional disclosures, which require senators to reveal only a range of transaction amounts rather than precise figures, state that she and her husband sold between $1.2 million and $3.1 million in stocks in the three weeks after the Jan. 24 coronavirus briefing.
At Atlanta-based ICE, she became close with Sprecher, the company’s founder, who is 15 years older than her, bonding over their shared Midwestern roots. Initially, she says, they both had other “love interests,” but over late-night dinners after late nights at the office, the seeds of a romance began to germinate.Sprecher went to the company’s board, Loeffler says, and told the directors that he planned to start dating her.
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