US senators sold stock before virus hit, sparking 'insider' accusations

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US senators sold stock before virus hit, sparking 'insider' accusations
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Stock trading adds fuel to accusations that Trump administration knowingly hid Covid-19 threat from public.FMTNews Covid19

WASHINGTON: An independent watchdog demanded an investigation Friday after two Republican senators aware of the looming coronavirus disaster dumped their stocks even as the White House played down the threat.

Loeffler’s investments manager sold as much as US$3.1 million in shares between late January and Feb 14, official documents show. On Friday, independent Congressional watchdog Citizens for Responsibility and Ethics in Washington filed a complaint to the Senate Ethics Committee.“It appears that in a time of crisis, these senators chose instead to serve themselves, violating the public trust and abdicating their duty.

He wrote on the Fox News website on Feb 7 that the government was “better prepared than ever” for the Covid-19 virus. On Feb 27, one day after Trump declared that the number of US cases would decline, the North Carolina senator told wealthy donors that coronavirus was a threat like the 1918 Spanish Flu, National Public Radio reported Thursday.

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