At Least 2 GOP Senators Dumped Millions In Stock After Coronavirus Briefings

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Sens. Richard Burr and Kelly Loeffler reportedly made dozens of stock trades shortly after private health briefings for Congress began in January.

At least two Republican senators 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, according to several reports and reviews of financial disclosures.

ProPublica first reported Thursday that Sen. Richard Burr (R-N.C.), the chairman of the powerful Senate Intelligence Committee, offloaded between $628,000 and $1.72 million worth of holdings in 33 transactions on Feb. 13, shortly after he publicly assured Americans the government was prepared to deal with the novel coronavirus that has since been declared a pandemic. A week after the sales, the stock market began to precipitously fall, erasing about 30% of its value.

Just hours later, the Daily Beast first reported that Sen. Kelly Loeffler (R-Ga.) began selling stocks jointly owned with her husband on Jan. 24, the day the Senate Health Committee held a private, all-chamber briefing from top American officials about COVID-19, the disease caused by the coronavirus. In a series of 29 transactions ending in mid-February, documented in Senate financial disclosures, Loeffler and her husband sold between $1,275,000 and $3,100,000 in stock.

The Georgia senator also made two purchases, including one in a company that owns teleworking software, the Beast noted. Loeffler’s husband is Jeffrey Sprecher, the chairman of the New York Stock Exchange. The pair are worth an estimated $500 million.

Two other senators made major stock sales around the same time: Dianne Feinstein (D-Calif.) and James Inhofe (R-Okla.). Feinstein’s office told The New York Times the lawmaker’s assets are held in a blind trust and she has “no involvement” in the sales.

Selling stock before a market crash can insulate stockholders from any potential losses. It’s against the law for lawmakers to use non-public information to influence financial decisions.

Burr’s office has pushed back against ProPublica’s reporting — which is also based on public financial disclosures required by law ― saying the forms were filed “several weeks before the U.S. and financial markets showed signs of volatility due to the growing coronavirus outbreak.”

“As the situation continues to evolve daily, he has been deeply concerned by the steep and sudden toll this pandemic is taking on our economy,” an aide said in a statement Thursday.

Early Friday, Loeffler called reports about the sales a “ridiculous and baseless attack”: 

“Investment decisions are made by multiple third-party advisors without my or my husband’s knowledge or involvement,” she added in a post on Twitter. “As confirmed in the periodic transaction report to Senate Ethics, I was informed of these purchases and sales on February 16, 2020 — three weeks after they were made.”

On Feb. 28, Loeffler moved to downplay the health and financial threat the spread of the virus posed to America, writing that Democrats had “dangerously and intentionally misled the American people” about the country’s preparedness for the outbreak.

“Here’s the truth: @realDonaldTrump & his administration are doing a great job working to keep Americans healthy & safe,” she wrote at the time.

Loeffler was appointed to the Senate in December by Gov. Brian Kemp to fill a vacated seat. She is up for reelection later this year.

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https://www.huffpost.com/entry/stock-sales-gop-senators-coronavirus_n_5e741524c5b63c3b648d8374

Feds to drop case against two Russian companies accused of 2016 election meddling

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Indictments came out of Mueller probe, but prosecutors now say case isn’t worth pursuing

The Justice Department is moving to drop charges against two Russian companies that were accused of funding a social media campaign to sway American public opinion during the 2016 U.S. presidential election.

Prosecutors said they concluded that a trial, against a corporate defendant with no presence in the United States and no prospect of meaningful punishment even if convicted, would likely expose sensitive law enforcement tools and techniques, “potentially undermining their effectiveness.”

Concord Management and Consulting LLC and Concord Catering were among three companies and 13 individuals charged in 2018 by special counsel Robert Mueller in a conspiracy to spread disinformation on social media during the 2016 presidential race. The effort was aimed at dividing American public opinion and sowing discord in the electorate, officials said.

The case was one of the signature indictments from Mueller’s two-year Russia investigation. Together with a separate case against Russian government hackers accused of breaking into Democratic email accounts, it revealed a sweeping Russian effort to influence, or interfere in, the race between Republican Donald Trump and Democrat Hillary Clinton.

Concord was the sole defendant in the case to enter an appearance in Washington’s federal court and contest the allegations. The case had been set for trial next month, making the government’s filing all the more abrupt.

Concord is controlled by Yevgeny Prigozhin, a wealthy businessman known as “Putin’s chef” for his ties to Russian President Vladimir Putin. He has been hit with U.S. sanctions over Russian interference in the 2016 election and is charged alongside his company in the indictment brought by Mueller.

The company, with the help of a high-powered law firm, filed a series of motions over the last two years, including to dismiss charges and to exclude certain evidence from the case.

In January 2019, prosecutors alleged that confidential material from the Russia investigation, which had been handed over to defense attorneys for Concord, was altered and disseminated as part of a disinformation campaign aimed at discrediting the special counsel’s Russia investigation. The files surfaced online in a link posted by a pro-Russia Twitter account. But the Justice Department stopped short of accusing Concord of leaking the material.

Still, prosecutors argued that the company’s request to have sensitive new evidence sent to Russia “unreasonably risks the national security interests of the United States.”

Some of the court appearances in the case have been unusually contentious, with the federal judge overseeing it chastising a lawyer for Concord, Eric Dubelier, for references in court filings to Looney Tunes and the 1978 raunchy comedy “Animal House” to criticize the Mueller investigation.

“I’ll say it plain and simply: Knock it off,” U.S District Judge Dabney Friedrich told Dubelier at a January 2019 court appearance.

Dubelier, who has referred to the case as involving a “made up” crime, has made allegations of prosecutorial misconduct and even once accused the judge of bias. The judge rejected the allegation.

But with the case approaching trial, prosecutors said they had to weigh the risk of potentially exposing sensitive national security information against the benefits of continuing with the case against a company that likely wouldn’t face any significant punishment in the U.S.

In the court filing on Monday, prosecutors said Concord had been “eager and aggressive in using the judicial system to gather information about how the United States detects and prevents foreign election interference.”

“In short, Concord has demonstrated its intent to reap the benefits of the Court’s jurisdiction while positioning itself to evade any real obligations or responsibility,” prosecutors wrote. “It is no longer in the best interests of justice or the country’s national security to continue this prosecution.”

Concord Catering did not have attorneys appear in court, but prosecutors said they would seek to drop charges against that company as well because it too was controlled by Prigozhin and “based on the likelihood that its approach to litigation would be the same as Concord.”

Prosecutors vowed to continue to pursue their case against the 13 Russians who were named in Mueller’s indictment, along with the troll farm that Concord was alleged to have funded, the Internet Research Agency. 

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https://www.marketwatch.com/story/feds-to-drop-case-against-two-russian-companies-accused-of-2016-election-meddling-2020-03-16?mod=home-page

 

Trump considering full pardon for ex-adviser Michael Flynn

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U.S. President Donald Trump said on Sunday he is considering a full pardon for his former national security adviser, Michael Flynn, who had pleaded guilty to lying to the FBI about dealings with Russia's ambassador before Trump took office.

Flynn sought to withdraw the guilty plea in January, arguing that prosecutors violated his rights and duped him into a plea agreement. Trump said the FBI and Justice Department had "destroyed" Flynn's life and that of his family, and cited an unspecified, unsubstantiated report that they had lost records related to Flynn.

"I am strongly considering a Full Pardon!" Trump said on Twitter.

Flynn was supposed to help cooperate with the government as part of his plea deal. But he later switched lawyers and tactics, arguing that prosecutors in the case had violated his rights and tricked him into lying about his December 2016 conversations with Sergei Kislyak, then Moscow's ambassador in Washington.

The Department of Justice has repeatedly denied allegations of prosecutorial misconduct, and U.S. District Court Judge Emmet Sullivan rejected all of Flynn’s claims in December and set a sentencing date.

Shortly after that, Flynn filed the motion to withdraw his plea.

Flynn, who also previously led the Defense Intelligence Agency, served just 24 days in the Republican Trump administration before he was fired in January 2017.

He was one of several former Trump aides to plead guilty or be convicted at trial in former Special Counsel Robert Mueller's investigation that detailed Moscow's interference in the 2016 U.S. election to boost Trump's candidacy, as well as numerous contacts between Trump's campaign and Russia.

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https://www.aol.com/article/news/2020/03/15/trump-considering-full-pardon-for-ex-adviser-michael-flynn/23951107/

Trump Slams ‘Nasty’ Question As PBS Reporter Challenges Him On Shutdown Of Pandemic Unit

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Trump told Yamiche Alcindor he didn’t “know anything about” the elimination of the Global Health Security team by his former national security adviser.

Joe Biden Sweeps More Primaries, Solidifying His Path To The Democratic Nomination

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The former vice president is cruising, while Sen. Bernie Sanders is in big trouble.

Former Vice President Joe Biden scored another batch of impressive primary victories on Tuesday, adding to his delegate lead and taking one more step ― maybe his final one ― toward the Democratic presidential nomination.

Biden won by a landslide in Mississippi, Missouri, and Michigan, putting on another commanding performance after his decisive wins in last week’s Super Tuesday contests. A coalition of diverse voters swung heavily in his favor over Sen. Bernie Sanders of Vermont, whose campaign struggled to make up the difference with younger Americans and now faces a critical decision whether to continue his campaign.

“I want to thank Bernie Sanders and his supporters for their tireless passion. We share a common goal and together we’ll defeat Donald Trump,” Biden said at an event in Philadelphia, attempting a subtle pivot to the general election.

Biden is also expected to build on his delegate haul in Idaho, North Dakota, and Washington state, where polls close later on Tuesday. 

At a campaign appearance in Detroit on Monday, Biden projected party unity by rallying with Sens. Kamala Harris of California and Cory Booker of New Jersey, two former rivals for the Democratic nomination who endorsed Biden over the weekend, as well as Michigan Gov. Gretchen Whitmer.

“It takes coalitions to win. And this campaign looks like this country and it looks like this city,” Whitmer said at the event, pointing to the diversity of the crowd.

Rivals no more. 
Rivals no more. 

Black voters played a huge role in resuscitating Biden’s campaign, which struggled early last month after disappointing finishes in Iowa and New Hampshire. The trend continued on Tuesday: Biden won 84% of Black voters in Mississippi compared to Sanders’ 13%, per an early exit poll released by CNN.

Michigan, in particular, was seen as a pivotal state for Sanders’ campaign. A surprise win there could have at least reversed the narrative that the race was functionally over, even if Sanders had committed to staying in until the Democratic convention. The Vermont senator upset Hillary Clinton in the Great Lakes State in the 2016 Democratic primary, so he was a known commodity there. He focused heavily on the state in the past week, holding several huge rallies in Detroit and the college town of Ann Arbor. 

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https://www.huffpost.com/entry/joe-biden-democratic-primaries-2020_n_5e681a44c5b60557280d2b46

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