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10 major news events you may have missed because of the pandemic

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Four US Senators were accused of insider trading as the coronavirus began to spread across the country. The FBI is reportedly investigating and they haven’t been charged with any crimes.

Senator Richard Burr

Sen. Richard Burr listens during opening remarks at the Senate Intelligence Committee’s hearing on major threats facing the US on Capitol Hill in Washington on May 11, 2017.

Jacquelyn Martin/Associated Press


Republican Sens. Richard Burr, James Inhofe, and Kelly Loeffler, as well as Democratic Sen. Dianne Feinstein, were accused of selling massive stock holdings as the coronavirus began spreading across the US, raising questions as to whether or not they were briefed on the public health emergency and knew it would throw financial markets into upheaval.

Each senator sold millions of dollars worth in stock between late January and early February, right around the time that the first cases of the coronavirus were reported in the US, Senate records show.

Burr of North Carolina came under the harshest scrutiny due to his position as the head of the Senate Intelligence Committee, which allowed him to receive numerous briefings on the threat of the coronavirus spread.

Burr sold 33 different stocks on February 13, some in hotel chains, which were collectively worth between $628,000 and $1.7 million, according to Senate records. ProPublica was first to report the news.

In addition, a secret recording NPR obtained revealed that Burr addressed the coronavirus with a much more serious tone in a private meeting with business leaders in late January, as opposed to his public statements.

Democratic Rep. Alexandria Ocasio Cortez has called for his resignation.

CNN reported that the Justice Department and the Securities and Exchange Commission are investigating the senators.

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