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US Senate insider trading linked to coronavirus


North Carolina Senator Richard Burr (center) at Capitol Hill in Washington on March 3. TOM BRENNER / REUTERS

“There may be an honest explanation for what he did. If there is, then he must share it with all of us immediately, otherwise he will have to resign from the Senate. “ It is rare for a conservative Fox News columnist, Tucker Carlson, to attack such a republican politician with such vehemence.

Richard Burr, it is true, has been in an uncomfortable position since the investigation site ProPublica unveiled intriguing stock sales in February, just a few weeks before the real crash that wiped out all of Wall Street’s gains recorded since Donald Trump’s arrival at the White House.

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The senator from North Carolina, under pressure, sought the advice of the Senate ethics committee. He assured having taken the decision to get rid of his investments in the hotel sector, on the sole faith of information published in the press. The total transactions would be over a million dollars (more than 930,000 euros) according to the same source.

Insider trading, which Tucker Carlson accused him of, remains to be seen, but Richard Burr’s status is fueling suspicion.

Recipient of confidential information

The latter is indeed the president of the intelligence committee. It is therefore by definition the recipient of confidential information concerning the security of the United States, including health.

Also a member of the senatorial committee in charge of health, Richard Burr is also weakened by the double discourse held during the same period. He thus published, on February 7 on the Fox News site, a forum co-signed with a senator from Tennessee, Lamar Alexander, in which he praised a country “Prepared as never before in the face of a threat such as the coronavirus”.

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Two weeks later, behind closed doors at a private meeting, the senator made completely different comments, as public radio NPR revealed. “There is one thing I can tell you about this: its transmission is much more aggressive than anything we have seen in recent history. It probably looks more like the pandemic of 1918 “, assured Richard Burr, according to a confidential recording obtained by NPR.

His audience was then made up of members of a North Carolina club who paid for his memberships at a high price (up to $ 10,000) and who made a point of obtaining “Interactions” with senior officials from the United States.

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