Newly unsealed FBI documents show how Senator Burr traded after pandemic briefings

RawNews1st September 7, 2022

9/6/2022

Newly unsealed FBI documents show how Senator Burr traded after pandemic briefings in Feb 2020.

He abruptly liquidated 80% of his and his wife’s holdings after the meeting, and reportedly called his wife’s brother to do the same.

Weeks later, the market crashed.

Burr was given reports on covid in Jan/Feb.
On Feb 12 2020, converted 76% of holdings to US Treasuries.
Day later, 1.1 mil equity sale, went from 83% to 3% of equities.
Called family to do the same.
He was not charged.

After two years of lawsuits, a court finally unsealed key evidence from the FBI’s 2020 investigation of North Carolina Sen. Richard Burr for allegedly trading stocks based on nonpublic information.

Public records at the time show that Burr abruptly liquidated more than half of his and his wife’s equity holdings in February of 2020, when most of the world had yet to focus on the looming coronavirus crisis.

Burr was ultimately not charged with breaking any laws, but the newly released records show FBI agents believed Burr had committed insider trading and securities fraud.

The most compelling new evidence is the flurry of calls and texts between Burr, his wife Brooke Burr, her brother Gerald Fauth and Fauth’s wife that took place on the same days that both the Fauths and the Burrs sold off hundreds of thousands of dollars of stock right before the market plunged.

A spokesperson in Burr’s Senate office did not respond to a request for comment on the newly unsealed documents.