Federal agents served a search warrant on the Washington, D.C., house of U.S. Senator Richard Burr on Wednesday night time as the investigation continued into stock trades that have been made within the early stage of the covid-19 outbreak.
The Los Angeles Times reviews members of the FBI seized a cellphone belonging to Burr after the search warrant was served.
Reached out via email late Wednesday to Caitlin Carroll, Burr’s communications director within the Senate, and to a spokesperson for Burr’s private lawyer, who has fielded questions concerning the investigation since shortly after information of the trades broke in March.
“We’ll decline to remark,” Carroll responded in an email copied to the personal lawyer’s spokesperson.
Burr unloaded as much as $1.7 million in publicly traded shares on Feb. 13, weeks earlier than the stock market dipped over the coronavirus outbreak.
The transfer contrasted with some of Burr’s public statement on the outbreak, including a Feb. 7 op-ed he co-authored, detailing the federal authorities’s preparedness.
The sell-off, detailed in a public submitting members of Congress are required to file, had some questioning whether or not Burr had inside info, potentially by is position as chairman of the Senate Intell committee, which obtained a Jan. 24 briefing on the virus from administration officers.
A week ago, ProPublica reported Burr’s brother-in-law additionally offered stock in February.x