Republican Senator Richard Burr has stepped down as head of the United States Senate’s intelligence commission. Burr was discredited after selling millions of dollars in shares, knowing that the United States would be severely affected by the corona virus.
Mitch McConnell, the leader of the Republican majority in the Senate, has confirmed the news. “We agreed that this is the right decision in the interest of the committee,” said McConnell.
In the investigation of the stock scandal, the FBI seized the Senator’s phone during a search.
As chairman of the intelligence commission, Burr was kept informed daily about the spread of the virus from the beginning of the corona crisis. With insider information about the severity of the virus, he sold for about 1.7 million dollars (converted a small 1.6 million euros) in shares in one day. Less than a week later, the shares started to fall in value.
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The coronavirus in short
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