FBI searches Burr’s home in stock-sale investigation

Richard Burr

The FBI seized Sen. Richard Burr’s cellphone as part of Justice Department investigation into stock trades he made just before the novel coronavirus sent stock prices plunging.(J. Scott Applewhite / Associated Press)

Federal agents on Wednesday seized a cellphone belonging to Sen. Richard Burr (R-N.C.) as part of the Department of Justice’s probe into stock trades Burr made in the early days of the coronavirus pandemic, a law enforcement official told the Los Angeles Times.

The agents served a search warrant on Burr at his home in the Washington, D.C., area, the official said.

Burr is chairman of the Senate Intelligence Committee, and on Feb. 13, during a time when he was receiving daily briefings from health officials on the coronavirus outbreak, he sold a hefty percentage of his stock portfolio in 33 separate transactions.

One week later, the stock market took a dive.

Members of Congress are prohibited from trading on insider information they receive as part of their work.

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