Richard Burr
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Feds drop coronavirus insider-trading probe of 3 senators, zero in on Burr
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Burr stepping down as chairman of Senate Intel panel
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FBI serves warrant on senator over coronavirus-related stock sales
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Sen. Richard Burr’s brother-in-law also sold stocks day before crash
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A Justice Department insider trading probe into Sen. Richard Burr — who sold up to $1.7 million in stocks early in the COVID-19 pandemic — has ended without charges.<\/p>\n
\u201cTonight, the Department of Justice informed me that it has concluded its review of my personal financial transactions conducted early last year,\u201d Burr said in a statement.<\/p>\n
\u201cThe case is now closed. I\u2019m glad to hear it,\u201d the North Carolina Republican said.<\/p>\n
Burr was among four senators investigated by the Justice Department for their stock sales. He made the sale while at the same time publicly downplaying the virus threat.<\/p>\n
The cases against the other three — Sens. Kelly Loeffler, Dianne Feinstein and James Inhofe — were dropped by the feds last May.<\/p>\n
That same month, Burr\u2019s cellphone was seized by the FBI as part of the insider trading investigation, leading him to step down as chairman of the Senate Intelligence Committee.<\/p>\n
The senators\u2019 stock sales had sparked widespread, bipartisan outrage.<\/p>\n
At the time, Burr sat in confidential coronavirus briefings on a near-daily basis while publicly downplaying the threat of the soon-to-be pandemic in media appearances and op-eds he authored.<\/p>\n