'The sale by North Carolina Sen. Richard Burr and his wife of up to $1.7 million in stock shortly before sharp market declines related to the coronavirus pandemic ... raises troubling questions,' writes eliehonig for CNNOpinion
Elie Honig, a former federal and state prosecutor, is a CNN legal analyst and a Rutgers University scholar. The opinions expressed in this commentary belong to the author. View more opinions at CNN.
The sale by North Carolina Sen. Richard Burr and his wife of up to $1.7 million in stock shortly before sharp market declines related to the coronavirus pandemic, first reported by ProPublica and the Center for Responsive Politics, raises troubling questions that demand action by the Justice Department and Congress.
Elie HonigIn a statement, Burr said:"I relied solely on public news reports to guide my decision regarding the sale of stocks on February 13. Specifically, I closely followed CNBC's daily health and science reporting out of its Asia bureaus at the time. Understanding the assumption many could make in hindsight however, I spoke this morning with the chairman of the Senate Ethics Committee and asked him to open a complete review of the matter with full transparency.
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