Dianne Feinstein has a lot of explaining to do and this time is not about the Chinese spy she employed for years or for her hit job on Brett Kavanaugh.
No, this time Dianne is facing serious allegations that could not only end her Senate career but land her in jail.
And she is not the only one – at least three GOP Senators have been accused of the same thing as Feinstein – profiting off the coronavirus by selling stock based on private Intel they received from their job before the virus hit our shores and crashed the stock market.
All the Senators deny the charges, including Dianne.
From Fox News:
Sen. Dianne Feinstein of California and three of her Senate colleagues sold off stocks worth millions of dollars in the days before the coronavirus outbreak crashed the market, according to reports.
The data is listed on a U.S. Senate website containing financial disclosures from Senate members.
Feinstein, who serves as ranking member of the Senate Judiciary Committee, and her husband sold between $1.5 million and $6 million in stock in California biotech company Allogene Therapeutics, between Jan. 31 and Feb. 18, The New York Times reported.
When questioned by the newspaper, a spokesman for the Democrat from San Francisco said Feinstein wasn’t directly involved in the sale.
“All of Senator Feinstein’s assets are in a blind trust,” the spokesman, Tom Mentzer, told the Times. “She has no involvement in her husband’s financial decisions.”
Reports identified the three other senators as Richard Burr of North Carolina, Kelly Loeffler of Georgia and James Inhofe of Oklahoma, all Republicans.
Burr, chairman of the Senate Intelligence Committee, used more than 30 transactions to dump between $628,000 and $1.72 million on Feb. 13, according to ProPublica…
…Loeffler and her husband, Jeffrey Sprecher, chairman of the New York Stock Exchange, sold stock Jan. 24, the same day she sat in on a briefing from two members of Trump’s Coronavirus Task Force, The Daily Beast reported.
Between that day and Feb. 14, the couple sold stock worth a total between $1.2 million and $3.1 million, the report said. In addition to the sales, they also purchased stock in a maker of software that helps people work at home – just before millions of Americans were forced to leave their offices because of the outbreak, the report said.
Loeffler slammed the Daily Beast report as a “ridiculous and baseless attack” in a pair of late-night tweets.
This is a ridiculous and baseless attack. I do not make investment decisions for my portfolio. Investment decisions are made by multiple third-party advisors without my or my husband's knowledge or involvement.— Senator Kelly Loeffler (@SenatorLoeffler) March 20, 2020
Now, every person in this country deserves due process and a chance to clear their names – I hope they do but if they cannot Bill Barr needs to step in.