Sen. Kelly Loeffler Dumped Travel Stock Immediately Before Trump Flight Ban

[swag]

Source: Daily Beast

Lachlan Markay
Reporter
Published Apr. 03, 2020 9:47AM ET


Sen. Kelly Loeffler (R-GA) sold stock in an online travel booking company immediately before the Trump administration announced a ban on air travel from Europe, Bloomberg News reports. Loeffler had acquired the stock just days earlier. She dumped about $46,000 in Booking Holdings stock on March 10 and 11, less than a week after buying the shares. After markets closed on the eleventh, the Trump administration announced the new European travel restrictions. The following day, Booking Holdings’ stock value declined by more than 11 percent. The stock trades will likely fuel scrutiny of financial transactions by Loeffler and her husband, the CEO of the New York Stock Exchange, that occurred as Loeffler, who was appointed to her Senate seat in January, received private briefings on the novel coronavirus. As first reported by The Daily Beast, Loeffler and her husband sold between $1.2 million and $3.1 million in stock in the immediate aftermath of one of those closed-door briefings. Loeffler maintains that all of the transactions were handled by a third-party investment adviser, and that she had no communications with that adviser or input into the trading decisions.

Read more: https://www.thedailybeast.com/kelly-loeffler-dumped-travel-stock-immediately-before-trump-flight-ban

[sandensea]

1. Who says being a trophy wife doesn't pay!

"I'll tell you boys one thing: this isn't as easy as it looks!"

[rzemanfl]

3. If the bars were still open, I could see female impersonators much

prettier than her a couple of miles from home. About as tall too.

[sandensea]

9. Maybe Sprecher's into dominatrixes.

"I did some major insider trading today, mommy. I needs a spanking!"

*whip sound*

[rzemanfl]

26. Good one. n/t

[sandensea]

27. Why, thank you.

He just has that vibe about him, you know?

The typical little Napoleon in public, who like being punished in private.

[TNNurse]

17. He is the CEO of the NYSE

she is just arm candy. He is the ultimate insider.

[sandensea]

22. Exactamundo.

She didn't marry him for his looks or engaging personality, that's for sure.

[snort]

23. Now now, Let's not be misogynistic.

I'm sure she could have achieved total scumbag level on her own.

[sandensea]

25. True.

A real role model for young women, if there ever was one.

[ashredux]

2. Put them in jail....

[Evolve Dammit]

4. Lock her up

[Terry_M]

13. this.

someone in GA should make lock her up lawn signs (that I suppose no one will see in the next couple months but maybe by October....).

[Evolve Dammit]

24. great idea. Anyone in GA ready for lawn signs? Editorials (letters to Editor) work (if published)

[Alex4Martinez]

5. Lock her up

Make an example of her and the rest who took advantage of this crisis for personal profit.

[Rainbow Droid]

6. Disgusting, obviously illegal, but will anything be done?

[efhmc]

7. Is there any area of businesses affected whose stock she did NOT dump?

[howardmappel]

14. Citrix

She bought shares of Citrix, an online meeting company. I do believe that it's shares have gone up.

[marble falls]

8. Not even any attempt to cover it up.

[doc03]

10. Maybe this why Trump down played the

virus for two months to give the rich a chance to unload their stock.

[NNadir]

11. His own leveraged wealth is in the tourism and travel business. He does nothing except in...

...his own interest.

He let Americans die to prevent his own losses. That's how much he cares about Americans.

[DarthDem]

12. I get the strong feeling

That Sen. Loeffler is toast as far as being elected. In fact I'm starting to wonder if she makes it through the primary.

[BigmanPigman]

15. So the governor of GA didn't know about the virus but the senator

knew enough to dump stocks?!? Sure Kemp, load on the BS. Did you dump stocks too?

[bucolic_frolic]

16. There is precedent

Ivan Boesky, Martha Stewart, Barry Minkow, Crazy Eddie

and while he was doing a different type of fraud, Bernie Madoff pocketed a few too!

[DENVERPOPS]

18. Doesn't matter what

she and a ton of other insiders did.

Some one rumored that the millions they are currently revealing was a drop in the bucket, and they are investigating her holdings that are hidden in "ghost" corporations that are TENS of MILLIONs more.......

For many Republicans, being elected just gives them a license go grift for all they can get.......

Who's gonna investigate this.....BARR's DOJ? The Republican owned SEC?

Sure as hell won't be the New York Stock Exchange, her husband is the chairman of the NYSE.....

[ffr]

19. Add her name to the list of GOP Grifters

Damn!

[Progressive Jones]

20. This is absolutely a tool to use to destroy her political ambitions. nt

[Progressive Jones]

21. FBI questioning will make her crack like an egg before she's even charged with anything. nt

[sop]

28. "Loeffler maintains that she had no communications with that adviser, or input into the trading

decisions." Does anyone with an IQ above room temperature believe she didn't tell her husband, the CEO of the NYSE, who then provided "input" to the adviser?

[Duppers]

29. Enough courts? Enough time...

To try them all?