The recent economic meltdown, largely associated with the outbreak of the novel coronavirus (COVID-19) saw major companies lose a huge chunk of their stock value
Bakkt’s Ex-CEO, Sen. Kelly Loeffler Reportedly Dumped Millions available Following COVID-19 Briefing
The recent economic meltdown, largely related to the outbreak of the novel coronavirus (COVID-19) saw major companies lose an enormous chunk of their stock value. Hence, tons of investors were exposed to serious risks as their portfolios must have shrunk as a result.
According to a recent report, Kelly Loeffler, the previous CEO of Bakkt – the Bitcoin futures trading platform, who recently became a US Senator, sold millions in stocks following a personal , all-senators briefing.
Kelly Loeffler Selling Stocks Following a personal Briefing
According to a recent report by The Daily Beast, Senator Kelly Loeffler reported a purchase of stock jointly owned by her and her husband on January 24th.
On today her committee, the Senate Health Committee, hosted an all-senators private briefing from certain administration officials. These include the top of the National Institute of Allergy and Infectious Diseases, CDC Director Anthony Fauci.
Per the official release, “senators will have the chance to listen to directly from senior government health officials regarding what we all know about the virus thus far , and the way our country is ready to reply because the situation develops.”
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The first sale that Loeffler reported was of Resideo Technologies, valued between $50,001 and $100,000. Since then, the company’s stock price has dropped by quite half.
Now, it’s worth noting that it’s illegal for members of Congress to trade on information that’s not pulic and it’s acquired through their official duties.
Loeffler offered a press release on the matter.
Controversy Spirals On
Per the report, between January 24th and February 14th, Loeffler reported selling stock that’s jointly owned together with her husband, worth between $1,275,000 and $3,100,000. It also states that the 15 stocks that she sold have lost quite a 3rd of their value, on the average .
What appears to be a touch more alarming, however, may be a statement that Loeffler made on March 11th. She seems to possess downplayed the virus, saying:
The recent economic meltdown, largely related to the outbreak of the novel coronavirus (COVID-19) saw major companies lose an enormous chunk of their stock value. Hence, tons of investors were exposed to serious risks as their portfolios must have shrunk as a result.
According to a recent report, Kelly Loeffler, the previous CEO of Bakkt – the Bitcoin futures trading platform, who recently became a US Senator, sold millions in stocks following a personal , all-senators briefing.
Kelly Loeffler Selling Stocks Following a personal Briefing
According to a recent report by The Daily Beast, Senator Kelly Loeffler reported a purchase of stock jointly owned by her and her husband on January 24th.
On today her committee, the Senate Health Committee, hosted an all-senators private briefing from certain administration officials. These include the top of the National Institute of Allergy and Infectious Diseases, CDC Director Anthony Fauci.
Per the official release, “senators will have the chance to listen to directly from senior government health officials regarding what we all know about the virus thus far , and the way our country is ready to reply because the situation develops.”
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The first sale that Loeffler reported was of Resideo Technologies, valued between $50,001 and $100,000. Since then, the company’s stock price has dropped by quite half.
Now, it’s worth noting that it’s illegal for members of Congress to trade on information that’s not pulic and it’s acquired through their official duties.
Loeffler offered a press release on the matter.
Controversy Spirals On
Per the report, between January 24th and February 14th, Loeffler reported selling stock that’s jointly owned together with her husband, worth between $1,275,000 and $3,100,000. It also states that the 15 stocks that she sold have lost quite a 3rd of their value, on the average .
What appears to be a touch more alarming, however, may be a statement that Loeffler made on March 11th. She seems to possess downplayed the virus, saying:
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