US senator probed for alleged insider trading - reports

Looks like the SEC and DOJ have opened a probe into at least four senators who sold millions in stock days before the stock market crash and soon after they attended a top secret meeting on the virus.

US senator probed for alleged insider trading - reports

One senator, Richard Burr, was heard allegedly comparing cv19 to the Spanish flu.

www.axios.com...


Then we have this hedge fund manager going on MSNBC saying "hell is coming and the market eas going to zero", only to invest 27 million shorting the market days before the big crash.
Remarkably, he is reinvesting his 2 BILLION profit betting the market will rebound.
www.cnbc.com...

Jesus, talk about market manipulation. I doubt anyone gets led out in cuffs, but it shows how rhe markets are rigged.

a reply to: lakenheath24

Te only effective probing the DOJ does is against the American tax payers.

originally posted by: interupt42
a reply to: lakenheath24

Te only effective probing the DOJ does is against the American tax payers.

More and more people are seeing this clearly. The backlash could be severe if it ever starts.

a reply to: lakenheath24

And guess what happens even if it is found that they committed insider trading? Nothing. Not a goddamn thing. Their colleagues will at worst censure them and at best they can flip you off for cheating others out of their money since you cannot recall a member of Congress from their elected position. The rules don't apply to these pieces of ****.

This is my Senator.

Her life trajectory is pretty interesting. She went to college, worked in some banks and investment houses, married the billionaire CEO of her company - her boss, rose up to an executive rank in his company, donated 3.2 million to other politicians...

And then was appointed to the Senate by my states Governor.

Then she and her husband did a bunch of super sketchy trades and made a small fortune right before Covid-19 hit and after she'd attended classified briefings.

She insists it's all on the up and up.

Yup.

a reply to: Hefficide

What do you expect from somebody who apparently screwed their way to the top, you're state's constituents are just more people to screw.

Exactly. They just smirk at the camera. So much for the ethics committee.

And who in the hell has their money in a blind trust? I totally believe that argument....not.




a reply to: AugustusMasonicus

originally posted by: lakenheath24
And who in the hell has their money in a blind trust?

People that know they can commit insider trading and need an alibi in case someone actually catches them insider trading.

Dayum....shes kinda hot.....BUT EVIL.

Its rather sickening aint it. Its just a coincidence yall! We have a blind trust so i cant see nuthin! Mhhmmm.

a reply to: Hefficide

a reply to: lakenheath24

The really sad part will be if their constituents vote them back in.

I think the system is fine. It's fair. Evidently, even greedy sociopaths can get elected. It's totally up to the citizens who they want. Apparently the masses want these duds. What does that say about our neighbors?

Oh I get it....its like this pandemic....put regular peeps out of work but I betcha none of their aides are sittin home with no pay.

I mean i am into the social distancing, but businesses did not need shut down imo.

I honestly dont know what to think sbout the world anymore. Maes we want to get mine and screw everyone else some days.

a reply to: AugustusMasonicus

a reply to: lakenheath24

Elected officials should be held to a higher stander, instead we allow them to operate with the lowest standard: criminal.

a reply to: AugustusMasonicus

Why is it only women can screw their way into a career?

originally posted by: Sillyolme
Why is it only women can screw their way into a career?

If she was the CEO and her husband was the calculated and conniving whore I'd point that out too.

Correction...only HOT women. Ugly chicks gotta stand in line like the rest of us.

a reply to: Sillyolme

Its OTHER peoples senators who suck...

I mean how can all the poor/middle class people in someones district not be up in arms about their own people?

Oh yeah...a thing called apathy. Hopefully all this quarantine snip will give people.time do do a little online research.


Bwahaha who am i kidding...Pornhub stocks are up 100000%



a reply to: ABNARTY

We knew the recession was coming and that people would be selling stocks back in January.
It appeared that some traders were front running the Federal Reserve stimulus news when we saw those 1000 point bounces a day ahead of the release, so insider information worked both ways.
Logic would dictate that if there are better informed traders, you shouldn't be investing in the same market pool during volatile times.
They just gave us a nice butterfly bounce to take our money off the table, so its not like anybody is trapped.

Does an actual person trade anymore?

I hear its all bots betting against one another.


a reply to: Slichter

a reply to: Hefficide

I never bothered to even pay attention to her aforementioned former boss and husband, Jeffrey Sprecher.

He's nobody special really, Just the Chairman of the NYSE and the Chairman and CEO of Intercontinental Exchange which he purchased for $1 and that, at a glance, appears to control... About everything.

My Senator is the trophy Stepford wife of Dr Evil.

That's comforting.

#MAGA

If I had a friend who worked in Pharma and he was mentioning to me that a rumor circulating in his company is stating that their company is going to go bankrupt, is that insider trading? No, I had only bought that stock because he works there and he said he was getting laid off. Rumors are not insider trading, I heard about the Toilet paper frenzi, I could have sold our stock and invested in toilet paper stock and we would not have lost so much in the stock market. That is not inside trading though, that is asswipe trading.

They will have a hard time proving that this was inside trading, it is only inside trading if they are informed by someone in the stock market or businesses inform them that something is going to happen. These Senators made a decision on what they heard, it might not have happened like it did.