Thursday, May 14, 2020

FBI Search Warrant Served on Stock Trading Senator

According to multiple press reports, the FBI seized the cellphone of Senator Richard Burr, as part of an investigation into insider trading.

Burr allegedly sold massive amounts of stock and tipped off donors in March after receiving an intelligence briefing on the looming coronavirus pandemic.

The search warrant is unusual. In fact, the involvement of the FBI in an instider trading investigation is unusual. While that may be simply because they are dealing with a United States Senator, it is usually a sign that a criminal investigation is underway.