Senator gets probed with brother-in-law
The Securities and Exchange Commission is giving it hard to disgraced Senator Richard Burr (R-NC) and his brother in law, Gerald Fauth. No doubt that such an inquiry will be a major pain in the ass.
In a court filing last week first reported by ProPublica, the SEC revealed that it was probing Burr’s decision to liquidate almost all of his stock holdings on Feb. 13, 2020 after receiving classified briefings about the emerging coronavirus pandemic. The agency is also investigating whether Burr’s brother-in-law, made similar stock sales based on information he received from Burr in a phone call the same day.
The Hill is following the situtation tightly here.