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Brother-in-Law of Sen. Richard Burr Also Dumped Stocks Ahead of Coronavirus Market Crash

HeadlineMay 07, 2020

ProPublica reports that on the same day that Republican Senator Richard Burr sold off much of his stock holdings ahead of a coronavirus-fueled market crash, Burr’s brother-in-law also dumped significant stock holdings. Gerald Fauth sold as much as $280,000 worth of shares on February 13 — one week before the stock market began plummeting. As chair of the Senate Intelligence Committee, Burr had access to privileged information about the severity of the emerging pandemic.

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