The watchdog group Citizens for Responsibility and Ethics in Washington (CREW) filed a complaint with the Senate Ethics Committee Friday against Sens. Richard Burr, R-N.C., and Kelly Loeffler, R-Ga., suggesting they may have engaged in insider trading based on their knowledge about the coronavirus pandemic.
News reports surfaced Thursday and Friday about how Burr and Loeffler, along with Sens. Dianne Feinstein, D-Calif., and Jim Inhofe, R-Okla., sold large amounts of stock before the market crashed due to concerns about the coronavirus, igniting accusations from critics of possible insider trading. The complaint says Burr and Loeffler may have violated the 2012 STOCK Act, a law that bans insider trading by members of Congress.
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