Principal Senator Suspected of Insider Information in the United States



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Burr chairs the Senate Intelligence Committee. On Thursday, the Los Angeles Times and various other media reported that FBI agents the previous night returned to their home in Washington and confiscated their phone.

They have also been granted court permission to confiscate private data files and the iCloud account in connection with the investigation, primarily to investigate Burr’s communications with his stockbroker, according to news sources.

In order to obtain a court order to conduct a search of the home and take such seizures, the prosecution must convince a judge that there is reasonable cause to suspect that a criminal act has been committed.

Dramatic climbing

The FBI’s action is seen as a dramatic escalation of investigations into whether the senator violated a law that prohibits members of Congress from trading stocks based on insider information obtained through his political work.

On February 13, when the intelligence committee he chaired received daily updates on the crown pandemic from US health authorities. In the US, Burr made 33 stock exchanges and got rid of several companies where share prices fell a week later.

Burr denies that the sale of shares was based on inside information and contends that the information on which he based the sale was publicly available.

Temporary resignation

On Thursday, Republican Majority Leader Mitch McConnell announced Burr is stepping down as head of the intelligence committee for now.

– Senator Burr contacted me this morning to inform me of the decision to resign as head of the intelligence committee while the investigation is ongoing, McConnell says.

“We agree that this decision will be for the benefit of the committee,” he adds.

The US Department of Justice. USA He doesn’t want to comment on the ongoing investigation into Burr, nor did the senator’s attorney respond to questions from the media on Thursday.

Burr, 64, sat in the North Carolina House of Representatives between 1995 and 2005, when he was elected to the Senate. He has chaired the intelligence committee since 2015.(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We want you to share our cases using a link, which links directly to our pages. Copying or any other use of all or part of the content may only be made with written permission or as permitted by law. For more terms see here.

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