The DoJ has dropped its probe into 3 US senators who dumped stock work millions shortly before the coronavirus market crash
Reuters
- The Department of Justice has dropped its investigation into three US senators accused of insider trading after receiving closed-door briefings on the likely impact of the coronavirus.
- Charges will not be filed against Republican senators Kelly Loeffler of Georgia and James Inhofe of Oklahoma, as well as Democratic Senator Diane Feinstein of California.
- All three sold stock not long before markets nosedived in March as the wider world realized the economic damage that would come from the virus.
- Loeffler, Inhofe, and Feinstein said they had no personal involvement in the sales, which were made by brokers without their direct input.
- GOP Senator Richard Burr of North Carolina remains under investigation.
- Burr dumped millions in hotel stocks as the pandemic began to spread from Asia, but says he made the decision after watching TV news reports.
- Visit Business Insider's homepage for more stories.
The Department of Justice is dropping its probe into three US senators accused of insider trading over stock sales made after they received closed-door briefings on the coronavirus.
The DoJ will not be filing any charges against Republican Sens Kelly Loeffler of Georgia and James Inhofe of Oklahoma, as well as Democratic Sen. Dianne Feinstein of California.See the rest of the story at Business Insider
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See Also:
- The DOJ is closing its insider trading inquiries into 3 senators but is still investigating GOP Sen. Richard Burr
- Trump retweets a message calling Hillary Clinton a 'skank' and spreads sexist insults about other prominent female Democrats
- Angry MPs in Boris Johnson's own Conservative party are urging him to sack Dominic Cummings over new claims that he broke the coronavirus lockdown