2020 congressional insider trading scandal
Political scandal in the United States / From Wikipedia, the free encyclopedia
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The 2020 congressional insider trading scandal was a political scandal in the United States involving allegations that several members of the United States Senate violated the STOCK Act by selling stock at the start of the COVID-19 pandemic in the United States and just before a stock market crash on February 20, 2020, using knowledge given to them at a closed Senate meeting. The Department of Justice (DOJ) initiated a probe into the stock transactions on March 30, 2020. No charges were brought against anyone and all investigations into the matter are closed.
Quick Facts Date, Location ...
Part of COVID-19 pandemic in the United States, 2020 stock market crash | |
Date | February, 2020 - January 19, 2021 |
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Location | United States Congress |
Cause | Participants' insider information of COVID-19 pandemic |
Participants | Multiple United States Senators, notably, Richard Burr, Kelly Loeffler, Jim Inhofe, Dianne Feinstein, David Perdue, John Hoeven |
Outcome | Millions of dollars of stock sold and purchased at the start of the COVID-19 pandemic |
Inquiries | No charges brought against participants and all investigations into senators closed |
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