North Carolina Sen. Richard Burr to step down as intelligence committee chairman

  
Via:  john-russell  •  2 weeks ago  •  9 comments

By:   Clyde Hughes (UPI)

North Carolina Sen. Richard Burr to step down as intelligence committee chairman
North Carolina Sen. Richard Burr said Thursday he will step down as chairman of the Senate intelligence committee after reports that he's being investigated for selling stock at the start of the coronavirus pandemic.

S E E D E D   C O N T E N T



May 14 (UPI) -- North Carolina Sen. Richard Burr said Thursday he will step down as chairman of the Senate intelligence committee after reports that he's being investigated for a mass selloff in stock at the start of the coronavirus pandemic.

Senate Republican leader Mitch McConnell announced the move.

"Sen. Burr contacted me this morning to inform me of his decision to step aside as chairman of the intelligence committee during the pendency of the investigation," he said in a statement. "We agreed that this decision would be in the best interests of the committee."

McConnell said Burr will resign as committee chair at the end of Friday's Senate session.

Earlier Thursday, the Los Angeles Times, NBC News and CBS News reported that FBI agents seized Burr's cellphone this week as part of an investigation into his stock selloff in the middle of February.

Burr sold shares in dozens of different transactions around the same time the intelligence committee was receiving daily coronavirus briefings. The sales occurred about a week before the U.S. stock market began to see heavy losses related to the pandemic.

The Justice Department is trying to determine whether Burr violated any possible insider trading laws with his decision to sell stock.

Burr has previously said he won't run for re-election in 2022.


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JohnRussell
1  seeder  JohnRussell    2 weeks ago

The headline should have read 

"In Lieu Of A Direct Confession To Insider Trading, Burr Has Stepped Down as Intelligence Committee Chairman"

The FBI searched his house last night and this morning he steps down from his duties. 

Bingo. 

 
 
 
Kavika
2  Kavika     2 weeks ago

In addition to Burr I'll bet there are a few more of our illustrious politicians that will be investigated. 

 
 
 
Just Jim NC TttH
2.1  Just Jim NC TttH  replied to  Kavika @2    2 weeks ago

As there should be............both sides of the aisle.

 
 
 
Ender
2.2  Ender  replied to  Kavika @2    2 weeks ago

They did look at Feinstein. According to her statements she put all her assets into a blind trust.

Then the woman in Georgia, who won't comment yet her husband runs the stock exchange.

I say go after all of them. They knew.

 
 
 
JohnRussell
2.2.1  seeder  JohnRussell  replied to  Ender @2.2    2 weeks ago

Dianne Feinstein is 86 and her husband is 84.  They've made enough money and now its time for them to take their foot off the gas. 

She should announce she is not running again and think about resigning right now. 

 
 
 
Trout Giggles
2.2.2  Trout Giggles  replied to  JohnRussell @2.2.1    2 weeks ago

I think that would be a wise move on her part

 
 
 
Trout Giggles
3  Trout Giggles    2 weeks ago

Senator Burr shouldn't wait 2 more years, just resign his senate seat right now

 
 
 
loki12
4  loki12    2 weeks ago

We should bring back public floggings for elected officials who violate the public's trust like this.

 
 
 
Tacos!
5  Tacos!    2 weeks ago

I’ll be interested to see the results of investigations. It’s not as if the virus were a secret. This may have just been the result of prudent planning.

 
 
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