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2nd GOP Senator Busted: Sen. Kelly Loeffler Dumped Millions In Stock After Receiving Coronavirus Briefing

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Sen. Kelly Loeffler (R-GA) sold millions in stock after receiving a private coronavirus briefing, days before the market plunge, a new report by The Daily Beast revealed on Thursday.

The Georgia Republican is the second senator who has gotten rid of their holdings right as the stock market went bad.

The first was Sen. Richard Burr (R-NC), who pocketed $1.6 million after dumping stocks after the briefing.

“The Senate’s newest member sold off seven figures worth of stock holdings in the days and weeks after a private, all-Senators meeting on the novel coronavirus that subsequently hammered U.S. equities,” The Beast reported Thursday.

“Sen. Kelly Loeffler (R-GA) reported the first sale of stock jointly owned by her and her husband on January 24, the very day that her committee, the Senate Health Committee, hosted a private, all-Senators briefing from administration officials, including the CDC Director and Anthony Fauci, the head of the National Institutes of Health of the United States, on the coronavirus.”

Loeffler tweeted about it at the time.

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Trump Is Officially Under Investigation For Fraud By The NY District Attorney: NYT

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The Manhattan district attorney’s office is “investigating President Donald Trump and his company for bank and insurance fraud,” the New York Times reported Monday.

According to The Times, “the office of the district attorney, Cyrus R. Vance Jr., made the disclosure in a new federal court filing arguing Mr. Trump should have to comply with its subpoena seeking eight years of his personal and corporate tax returns.”

“The reports, including investigations into the president’s wealth and an article on the congressional testimony of his former lawyer and fixer, Michael D. Cohen, said that the president may have illegally inflated his net worth and the value of his properties to lenders and insurers. Lawyers for Mr. Trump have said he did nothing wrong.”

The newspaper also reported that Trump has asked a judge to declare the subpoena invalid.

The news comes less than a month after the Supreme Court, in a major ruling on the limits of presidential power, cleared the way for Mr. Vance’s prosecutors to seek Mr. Trump’s financial records.

The Times also noted that the investigation is a “significantly broader inquiry than the prosecutors have acknowledged in the past.”

You can read the entire report on The News York Times.

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