Sen. Kelly Loeffler sold millions of dollars worth of stock after she received a private Senate briefing on the coronavirus.
Loeffler started her stock sale the same day she was briefed by the Trump administration including virologist expert Anthony Fauci , according to the Daily Beast on Thursday.
Appreciate today’s briefing from the President’s top health officials on the novel coronavirus outbreak. These men and women are working around the clock to keep our country safe and healthy. #gapol https://t.co/5866TrrEFc
— Senator Kelly Loeffler (@SenatorLoeffler) January 25, 2020
The first stock she sold was between $50,000 and $100,000 from the company Resideo, which has now lost more than 50% of its value. Before that transaction, Loeffler had not reported a single stock transaction since her Jan. 6 appointment to the Senate.
Since then, she has 29 stock transactions and has dumped between $1,275,000 and $3,100,000 in stocks. She has also invested in that time period in a company that offers teleworking services, which has seen its stock go up since the market crash from the coronavirus.
Loeffler is the second Republican senator whose stock selling since the coronavirus has been reported. GOP North Carolina Sen. Richard Burr, who heads the Senate Intelligence Committee, reportedly sold off upward of $1.72 million in stocks before the markets tanked over the coronavirus.
