Senator Kelly Loeffler Dumped Millions in Stocks, Doug Collins is “Sickened Just Thinking About It”

Junior Senator Kelly Loeffler (R) of Georgia, sold off $3 million worth of stocks after a Senate briefing on the Coronavirus. This has prompted calls for her resignation and some calling for an investigation into the transactions.

Loeffler has yet to be elected to a Government office. She was appointed to the Senate by Georgia Governor Brian Kemp after Senator Isakson (R) retired due to an illness. This year Georgia gets to decide if she will keep her seat. Loeffler is being primaried by Trump champion Congressman Doug Collins (GA-R) who has represented Georgia’s 9th district in the house since 2013.

Back in November of 2019, President Trump had urged Governor Kemp to appoint Doug Collins to the Senate seat. Collins has also put out a tweet regarding Loeffler’s trades saying, “People are losing their jobs, their businesses, their retirements, and even their lives and Kelly Loeffler is profiting off their pain? I’m sickened just thinking about it.”

People are losing their jobs, their businesses, their retirements, and even their lives and Kelly Loeffler is profiting off their pain? I’m sickened just thinking about it.

— Doug Collins (@CollinsforGA) March 20, 2020

Loeffler was the CEO of BAKKT, a subsidiary of commodity and financial service provider. Also of note, Loeffler’s husband is the President of the New York Stock Exchange, which is closing its floor for trading starting Monday because of the Coronavirus Pandemic.

The information on the trades all came to public light on Thursday, March 19th, with an initial report about Senator Robert Burr’s (R-NC) trades, then the stories of other Senators trading on the information followed. Loeffler has taken to twitter remarking “This is a ridiculous and baseless attack. I do not make investment decisions for my portfolio. Investment decisions are made by multiple third-party advisors without my or my husband’s knowledge or involvement.”

This is a ridiculous and baseless attack. I do not make investment decisions for my portfolio. Investment decisions are made by multiple third-party advisors without my or my husband’s knowledge or involvement.

— Senator Kelly Loeffler (@SenatorLoeffler) March 20, 2020

She continued with a few follow up tweets which can be seen below:

By the way, here’s the proof:https://t.co/jGUYbh8Oc6 https://t.co/kEm16ERdVM pic.twitter.com/aU575QGsKm

— Senator Kelly Loeffler (@SenatorLoeffler) March 20, 2020

A former federal prosecutor and CNN Legal Analyst Renato Mariotti retweeted the Senator saying “The SEC should investigate this matter and get to the bottom of this. If what Senator Loeffler says is true, that is a defense to insider trading. The SEC can figure it out, one way or the other.”

The SEC should investigate this matter and get to the bottom of this.

If what Senator Loeffler says is true, that is a defense to insider trading. The SEC can figure it out, one way or the other. https://t.co/jvdOHFiMBU

— Renato Mariotti (@renato_mariotti) March 20, 2020

Many on both sides of the political spectrum are very upset to hear about Senators profiting off of Coronavirus, while many in our country are losing so much because of the Pandemic.

Tucker Carlson used a segment on his show Thursday evening to call for the resignation of Senator Richard Burr, who heads the Senate intelligence committee. In a tweet posted Friday which can be seen below, Carlson states there will be more to come this evening about the trading. The tweet also includes a clip from last night’s show addressing Burr’s Trades.

We’ll have much more on this important story tonight at 8pm ET on @foxnewshttps://t.co/ByUcA3N2Hj

— Tucker Carlson (@TuckerCarlson) March 20, 2020