The Department of Justice (DOJ) has dropped investigations into stock trades made by Sens. Dianne Feinstein (D-Calif.), Kelly Loeffler (R-Ga.), and Jim Inhofe (R-Okla.) in the early weeks of the CCP virus pandemic, according to reports.
When contacted by The Epoch Times, the DOJ declined to comment on whether it has dropped investigations into stock trades by the three senators. The offices of Feinstein and Inhofe have yet to respond to a request for comment.
Between Jan. 31 and Feb. 18, Feinstein, 86, sold between $1.5 million and $6 million in stock from a California biotech company called Allogene Therapeutics, according to disclosure forms.
Loeffler disclosed sales of between $1.3 million and $3.1 million in early January in stocks including Exxon Mobil Corporation, a worldwide oil company, and Resideo Technologies, a company that makes smart home products. She also purchased up to $250,000 in stocks in Citrix, a company that sells software helping people working from home, according to disclosure forms.
According to Senate records, Inhofe sold between $230,006 and $500,000 in stocks, including those from PayPal and Brookfield Asset Management, a real estate company.
Burr and his wife sold between $628,000 and $1.7 million of his stocks in more than 30 transactions on Feb. 13, according to Senate financial disclosures. A week later, the stock market began to decline.
The biggest sales from Burr included stocks from Wyndham Hotels and Resorts, a company that has lost significant value amid the pandemic, and shares of Extended Stay America, a hospitality chain that has also seen a decrease in value amid the spread of the CCP virus, commonly known as the novel coronavirus.
Earlier this month, Burr was served a search warrant by the FBI, who showed up at his Washington-area home and seized his cellphone as part of the ongoing investigation.
Burr and the three senators have all denied any wrongdoing.
“This was a politically motivated attack shamelessly promoted by the fake news media and her political opponent,” spokesman Stephen Lawson said.
Burr meanwhile has maintained that he relied “solely on public news reports,” to make the transactions. He said he used CNBC’s reports coming out of Asia to make the decisions.
The senator has been “actively cooperating” with investigators, according to a statement earlier this month from a spokeswoman for Burr’s attorney, Alice Fisher.