Billionaire US senator Loeffler’s coronavirus profiteering


This 5 April 2020 video from the USA says about itself:

Senator Kelly Loeffler’s Insider Trading EXPOSED

[Republican party] Sen. Kelly Loeffler’s is under federal investigation for insider trading. John Iadarola and Jayar Jackson break it down on The Damage Report.

“Sen. Kelly Loeffler (R-Ga.) and her husband, Jeffrey Sprecher, purchased and sold about $1.4 million in stock during the market panic set off by the coronavirus pandemic, the Wall Street Journal reports.

Why it matters: Though the couple still lost money, they were able to limit the financial blow from the stock market’s worst month since October 2008.

Details: Loeffler reported that she and her husband bought $590,000 worth of stock and sold about $845,000 from Feb. 18 through March 13, according to WSJ‘s review of the senator’s financial disclosure.

– If they held the shares they sold until March 31, they would have been valued at $86,000 less than what they sold them for.
– The stocks they bought declined after they purchased them and resulted in losses of $102,000 through March 31.

Loeffler and her husband sold stocks in retail stores, such as Lululemon and T.J. Maxx, and invested in a company that makes COVID-19 protective garments for medical workers, according to a review by the Atlanta Journal-Constitution.

Of note: Sprecher is the CEO of Intercontinental Exchange, which owns the New York Stock Exchange.”

Read more here.

At least two Republican senators, Richard Burr (R-N.C.), the chairman of the powerful Senate Intelligence Committee, and Kelly Loeffler (R-Ga.), sold hundreds of thousands if not millions of dollars in stock shortly after Congress began receiving regular briefings about the outbreak of coronavirus spreading around the globe. [HuffPost]

LOEFFLER ROASTED FOR ‘MORE CONSERVATIVE THAN ATTILA THE HUN’ AD Sen. Kelly Loeffler (R-Ga.) left critics baffled with a new ad that claims she’s more conservative than Attila the Hun ― a brutal 5th century warlord. Loeffler, one of the richest members of Congress, was a business executive before her appointment in December to a seat vacated when Republican Sen. Johnny Isakson resigned citing health concerns. She is running against Rep. Doug Collins (R-Ga.), a Trump ally, and the Rev. Raphael Warnock (D) and 18 others in November’s multi-candidate special election. [HuffPost]

15 thoughts on “Billionaire US senator Loeffler’s coronavirus profiteering

  1. Pingback: Coronavirus crisis and money in the USA | Dear Kitty. Some blog

  2. Pingback: British Conservative Rees-Mogg profiteering over coronavirus | Dear Kitty. Some blog

  3. Like

  4. Pingback: Coronavirus news, USA | Dear Kitty. Some blog

  5. Pingback: Coronavirus making Bill Gates, Mark Zuckerberg richer | Dear Kitty. Some blog

  6. Pingback: More COVID-19 deaths in Trump’s USA | Dear Kitty. Some blog

  7. Pingback: Coronavirus disaster in Trump’s USA, update | Dear Kitty. Some blog

  8. Pingback: Coronavirus disaster, USA | Dear Kitty. Some blog

  9. Pingback: Coronavirus update, North America | Dear Kitty. Some blog

  10. Pingback: Coronavirus catastrophe in Trump’s USA | Dear Kitty. Some blog

  11. Pingback: COVID-19 pandemic, Asia and Oceania | Dear Kitty. Some blog

  12. Pingback: Coronavirus news from Donald Trump’s USA | Dear Kitty. Some blog

  13. Pingback: Neo-fascist billionaire’s facial recognition attack on privacy | Dear Kitty. Some blog

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.