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April 2, 2020

Sen. Kelly Loeffler and Husband Shifted Investments to Medical Supplier Ahead of Market Crash
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Georgia Republican Senator Kelly Loeffler is facing fresh calls to
resign over revelations that her husband invested heavily in a medical
supply company ahead of the stock market's coronavirus crash. Senator
Loeffler's latest financial disclosures show her husband, Jeffrey
Sprecher, who's chair of the New York Stock Exchange, bought more than
$200,000 worth of shares of Du Pont in late February and early March,
when Loeffler had access to privileged briefings about the threat of the
coronavirus. Du Pont produces personal protective equipment for medical
workers. In February, Senator Loeffler and her husband began dumping
millions of dollars' worth of shares in companies that have since
plummeted in value. At the time, Loeffler publicly downplayed the risk
of a pandemic, tweeting, "Democrats have dangerously and intentionally
misled the American people on #Coronavirus readiness."

Another Republican senator, Intelligence Committee Chair Richard Burr of
North Carolina, faces a Senate ethics probe and an FBI investigation
after he sold as much as $1.7 million worth of stocks just days before
markets began tanking in February.


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