Sen. Kelly Loeffler Says Criticism of Her Coronavirus Insider Trading is ‘Socialist Attack’
This gets at the very heart of why I came to Washington, to defend free enterprise, to defend capitalism, and this is a socialist attack!
Loeffler and her husband, New York Stock Exchange chief executive Jeff Sprecher, dumped up to $3.1 million in stock on Jan. 24 (and after) following a top secret meeting on the coronavirus with the Senate Health Committee, which Loeffler attended on on Jan. 24.
Loeffler has claimed that nameless third-party advisers did the trades and that she was not involved, which would be illegal unless she has signed power of attorney over to the nameless advisors.
The Daily Beast also reported about Loeffler’s other questionable activity:
Loeffler also purchased stock in Citrix, which sells the popular teleworking software GoToMeeting. She was later revealed to have bought stock in an online travel booking site in February, only to sell it four days later—immediately before the Trump administration announced a ban on flights from Europe.
While most people would have likely been criminally charged at this point, Loeffler was free to whine to the Wall Street Journal on April 8: “Although Senate ethics rules don’t require it, my husband and I are liquidating our holdings in managed accounts and moving into exchange-traded funds and mutual funds.”
Loeffler went on Fox News on April 17 to whine more about her imagined persecution:
This is a political attack that is designed to distract from the issue at hand and to use this outbreak to play politics.