Apr 21, 2020, 22:11 pm
A Georgia senator who’s accused of insider trading on coronavirus information has been named to President Trump’s task force on reopening America.
Sen. Kelly Loeffler says she’s looking forward to pitching in on the panel to help “get Americans back to work safely."
Loeffler, a strong Trump supporter, is one of several GOP lawmakers flagged for making suspicious stock transactions shortly after receiving official briefings about the staggering potential impact of the pandemic.
A wealthy investor, Loeffler made millions of dollars of trades in stocks at a time when the public, and other shareholders, were in the dark about the extent of the economic carnage the virus was expected to cause.
She contends that she did nothing wrong and says all the trades were made by a financial adviser who knew nothing about her inside info on coronavirus.
But she later moved to sell all her holdings in stock of individual companies, which rivals called a “guilty plea” to accusations of improper trades.
Loeffler's husband, Jeffrey Sprecher, is chairman of the New York Stock Exchange.
Sen. Kelly Loeffler.
![[Image: e8ebfad62c2fb53b7287c3dcf6b65a044e251d7b.jpg]](https://bayimg.com/e8ebfad62c2fb53b7287c3dcf6b65a044e251d7b.jpg)
Besides Loeffler, GOP Sen. Richard Burr (R-North Carolina) is also under serious pressure to resign over coronavirus insider trading accusations.
https://www.nydailynews.com/coronavirus/...story.html
Sen. Kelly Loeffler says she’s looking forward to pitching in on the panel to help “get Americans back to work safely."
Loeffler, a strong Trump supporter, is one of several GOP lawmakers flagged for making suspicious stock transactions shortly after receiving official briefings about the staggering potential impact of the pandemic.
A wealthy investor, Loeffler made millions of dollars of trades in stocks at a time when the public, and other shareholders, were in the dark about the extent of the economic carnage the virus was expected to cause.
She contends that she did nothing wrong and says all the trades were made by a financial adviser who knew nothing about her inside info on coronavirus.
But she later moved to sell all her holdings in stock of individual companies, which rivals called a “guilty plea” to accusations of improper trades.
Loeffler's husband, Jeffrey Sprecher, is chairman of the New York Stock Exchange.
Sen. Kelly Loeffler.
Besides Loeffler, GOP Sen. Richard Burr (R-North Carolina) is also under serious pressure to resign over coronavirus insider trading accusations.
https://www.nydailynews.com/coronavirus/...story.html