Skip to content
Search AI Powered

Latest Stories

FBI Serves Search Warrant to Republican Senator Accused of Insider Trading After Selling Stocks Ahead of Pandemic

FBI Serves Search Warrant to Republican Senator Accused of Insider Trading After Selling Stocks Ahead of Pandemic
ANDREW HARNIK/POOL/AFP via Getty Images

Republican Senator Richard Burr (R-NC) was served a warrant by the Federal Bureau of Investigation to search the contents of his phone and cloud storage in an effort to determine whether or not Burr committed insider trading.

The scrutiny comes after Burr, the Senate Intelligence committee Chairman, sold 33 stocks worth between $628,033 and $1.72 million as the Senate Intel Committee received daily classified briefings on the virus. Many of the businesses whose shares he sold were in industries hardest hit by the pandemic.


Even as Burr assured Americans in an op-ed piece that the United States was more prepared than ever for the looming pandemic, Burr sold the bulk of his shares in February just before audio leaked of him warning donors that the impact of the virus would be severe.

Burr insists that he's relied only on public news reports to determine the selling of his stock and a spokesperson for Burr has declined to comment on the warrant for his phone.

People applauded the escalation in pursuit of Burr's accountability.



But here's the thing: Burr isn't the only Senator who suspiciously sold stocks.

His Republican colleague, Senator Kelly Loeffler of Georgia, also sold millions of dollars worth of stocks after she received classified briefings on the virus. Loeffler even invested in telework companies after the briefings—an industry that would boom as more and more Americans were required to work from home.

Oddly enough, Loeffler hasn't yet faced the same scrutiny from the FBI as Burr now has. People have an idea as to why.

Like many Republican lawmakers, Loeffler is unwaveringly loyal to President Donald Trump. Though Burr votes along ideological lines with Trump around 90 percent of the time, Burr's actions in the Senate Intelligence Committee have been a thorn in Trump's side.

It was Burr, as Intel Committee chairman, who signed off on the subpoena of Donald Trump Jr. regarding his enthusiastic response to emails from Russian government officials claiming to have information on Hillary Clinton.

The committee's investigation would culminate in yet another report confirming that the Russian government attempted to influence the 2016 presidential election in favor of Donald Trump, and solidify Burr's sullied reputation among Republicans for not defending the leader.

Some are beginning to wonder if that's why the FBI is publicly going after Burr, but not after Loeffler...yet.





The move comes as the Trump administration sows conspiracy theories about Obama's exploitation of the FBI for his political and personal benefit.

This swamp is murkier than ever.

For a deeper look into the threats posed by Trump's presidency, check out A Very Stable Genius, available here.

More from People/donald-trump

Dr. Sandra Lee
TODAY with Jenna & Sheinelle/YouTube

'Dr. Pimple Popper' Star Reveals She Suffered Stroke While Filming Series: 'I Had A Part Of My Brain That Died'

It's already scary to witness a younger person go through a life-changing medical diagnosis, but it's especially jarring to see a medical professional, who presumably knows best about how to care for themselves, go through the same.

Sandra Lee, known as "Dr. Pimple Popper" on Lifetime, is well-known for her bedside manner, medical knowledge and ability to share her knowledge in an accessible way, and, of course, her unique approach to dermatological care.

Keep ReadingShow less
Rob Schneider; Elizabeth Banks
Slaven Vlasic/Getty Images; Frederic J. Brown/AFP via Getty Images

Rob Schneider Dragged For Criticizing Elizabeth Banks' 'Dangerous Rhetoric' After She Called Out White Female Trump Voters

After actor and filmmaker Elizabeth Banks—who played Effie Trinket in The Hunger Games—called out white women who voted for President Donald Trump, MAGA actor Rob Schneider lashed out against what he referred to as her "dangerous rhetoric."

Those who've read the book and seen the film adaptation of The Hunger Games know that Trinket—known for joyfully announcing, "Happy Hunger Games and the odds may be ever in your favor!"—is a mistress of propaganda for a hostile government that forces teenagers to fight to the death every year to intimidate critics and keep society's poorest and most vulnerable in line. Trinket eventually embraces the rebellion.

Keep ReadingShow less
Kid Rock
Anna Moneymaker/Getty Images

Kid Rock Dragged After Offering Massive Discount To His MAGA Festival Due To Abysmal Ticket Sales

Musician Kid Rock has hitched his wagon to president Donald Trump for quite some time now, and it seems he too is in the "find out" stage of that particularly exercise in FAFO.

It seems that when the president you form your entire personality around craters to a catastrophic approval rating even for him, your ship starts to sink too.

Keep ReadingShow less
Dan Driscoll; Tammy Duckworth
Cheriss May/Getty Images; Chip Somodevilla/Getty Images

Army Secretary Sparks Outrage After Shutting Down Army Social Media Accounts For Honoring Tammy Duckworth's Military Service

Army Secretary Dan Driscoll is facing heavy criticism after he ordered that all accounts associated with the Army unit "Soldier for Life" (SFL) be shut down after the unit shared a post on social media celebrating Illinois Democratic Senator Tammy Duckworth's military service.

Duckworth is a double amputee who lost both of her legs in combat in 2004 when her Black Hawk helicopter was hit by a rocket-propelled grenade fired by Iraqi insurgents.

Keep ReadingShow less
Screenshot of Tom Homan; Pope Leo XIV
Fox News; Vatican Media/Vatican Pool - Corbis/Getty Images

Trump's Border Czar Ripped For Hypocrisy After Telling Pope Leo To 'Stay Out Of Politics'

President Donald Trump's border czar Tom Homan was called out for hypocrisy after telling Pope Leo XIV to "stay out of politics" after he clashed with Trump over the widely unpopular war in Iran.

Last week, Pope Leo criticized the war and called on the world "to reject war, especially a war which many people have said is an unjust war, which is continuing to escalate and is not resolving anything."

Keep ReadingShow less