- Sep 20, 2013
Today NPR reported they have a recording from the Senate republic meeting that gave many republican investors a head's up that the market was about to crash. It was Richard Burr that made 33 sales only of $1.7 million dollars in one day prior to that meeting. This is called insider trading and is definitely illegal. The other Senators have, at least, the defense that they held these stocks in a blind trust, but not Burr. Whether the other Senators can show that they didn't have any control over these sales remains to be seen. Burr is the chairman of the Senate Intelligence Committee.