The FBI served a warrant to GOP Sen. Richard Burr as part of its investigation into his sale of stocks ahead of the market crash due to the coronavirus, according to reports.
WASHINGTON –
The Los Angeles Times first reported that Burr, who chairs the Senate Intelligence Committee, had his cell phone seized on Wednesday night by federal agents at his Washington residence, citing an anonymous law enforcement official. NBC also reported that the senator was served an FBI warrant and that his phone was seized.The Justice Department launched an inquiry into four senators' stock sales in March, aSens. Burr, R-N.C.; Jim Inhofe, R-Okla.; Kelly Loeffler, R-Ga.
At the time news reporting revealed the stock movements, the senators declined any wrongdoing. Burr called for an Ethics Committee review into his conduct as lawmakers from both sides of the aisle"The law is clear that any American – including a senator – may participate in the stock market based on public information, as Sen. Burr did," Burr's attorney, Alice Fisher, said at the end of March."When this issue arose, Sen.
Burr and his wife sold up to $1.6 million in February, and said they did so based only on public news reports about the coronavirus The 2012 Stock Act bars members of Congress from using insider information to make trading decisions. Burr was one of three senators who voted against the law.
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