Georgia’s Unelected RINO Senator Cashed Out on Stocks After Coronavirus Briefing
Sen. Kelly Loeffler (R-GA), who was appointed to her post undemocratically against the wishes of President Donald Trump, has been revealed for selling stock shortly after a private briefing on the coronavirus.
She and her husband sold off a stunning seven figures worth of stock options after the Senate Health Committee held a private meeting with all Senators to brief them about the growing coronavirus epidemic.
“Appreciate today’s briefing from the President’s top health officials on the novel coronavirus outbreak. These men and women are working around the clock to keep our country safe and healthy,” Loeffler wrote in a tweet about the briefing at the time.
Loeffler dumped stocks worth between $50,001 and $100,000 in Resideo Technologies following the hearing. The stock for Resideo has dropped by half since that point, as the Dow Jones has tanked by losing roughly 10,000 points.
She also made a buy of between $100,000 and $250,000 in Citrix, a tech firm specializing in teleworking that has bucked the market during its downturn due to the increased demand for remote networking because of coronavirus.
In subsequent tweets, Loeffler has repeatedly downplayed the threat of coronavirus.
“Democrats have dangerously and intentionally misled the American people on #Coronavirus readiness,” she wrote in a tweet on Feb. 28. “Here’s the truth: @realDonaldTrump & his administration are doing a great job working to keep Americans healthy & safe.”
“Concerned about #coronavirus?” she wrote in a tweet on March 10. “Remember this: The consumer is strong, the economy is strong, & jobs are growing, which puts us in the best economic position to tackle #COVID19 & keep Americans safe.”
Since she wrote those tweets, most of the country has been locked down, Wall Street has cratered, and death tolls have continued to spike.
Loeffler is not the only Senator who seemingly took information about coronavirus to benefit their own finances. Sen. Richard Burr (R-NC), who is chair of the Senate Intelligence Committee, had his hand caught in the cookie jar as well. He jettisoned between $500,000 and $1.5 million of stock in February after the meeting.
Burr knew about how potentially deadly the coronavirus could become, but only told his inner circle of well-connected constituents and kept the public in the dark.
“There’s one thing that I can tell you about this: It is much more aggressive in its transmission than anything that we have seen in recent history,” he told the insiders in the uncovered audio. “It is probably more akin to the 1918 pandemic.”
Loeffler was appointed to the U.S. Senate seat last year by Georgia Gov. Brian Kemp against the counsel of President Trump. Trump’s preferred pick for the seat, Rep. Doug Collins, is challenging Loeffler for her Senate position right now. The U.S. Senate election in Georgia will take place in November with multiple Republicans on the ballot.