Media: U.S. Senator sold stock before the stock market decline in the beginning of the epidemic COVID-19, deals became interested in the FBI

Republican Senator Richard Burr transferred to the staff of the Federal Bureau of investigation, your cell phone, a warrant for the seizure were obtained in the investigation of the legality of a number of transactions with the shares which the Senator made in February. This may 13 announced the publication of the Los Angeles Times.

The investigators find out violated Barr a law banning members of Congress to benefit from insider information obtained in the course of their official parliamentary work.

In February, Barr sold a significant percentage of your stock portfolio in the course of 33 deals, which earned them at least $628 thousand in addition, was a stockbroker and his brother-in-law. It happened a week before the stock market crash, which happened on the background information about the beginning of the global spread of the coronavirus. Most of the shares were issued by enterprises that in the weeks that followed suffered from a falling market.

Barr – Chairman of the Senate intelligence Committee, which were held daily secret briefings on the situation COVID-19.

A source told the publication that the Ministry of justice is studying the contacts of Barra with my broker. Also , FBI agents came with a warrant to Apple to retrieve information from the account Barra in iCloud.

In accordance with the law, parliamentarians are obliged to disclose information on their activities in the stock market, although they are still allowed to own shares. The law passed the Senate in 2012: among the three senators who opposed him, was Barrel, writes the Los Angeles Times.

In the last week of February because of fears of investors on the backdrop of the outbreak of coronavirus infection global stock markets have lost about $5 trillion. March 12, the largest US stocks have fallen more than 7%, which was associated with the decision of President Donald trump ban on direct flights between the United States and continental Europe in the fight against the pandemic.

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