Sen. Loeffler Denies Insider Trading, 2020 Opponent Rep. Collins ‘Sickened’

Senator Kelly Loeffler, R-GA, is under fire for selling off over a million dollars in stock shares hours after receiving a private briefing with her colleagues on January 24 on the coronavirus, the Daily Beast first reported.

When pressed on the report by Fox News host Ed Henry Friday, however, Loeffler completely denied that she had knowledge of the sale.

“I do want to set the record straight. I’ve seen some of those stories and it’s absolutely false and it could not be true.” Loeffler told Henry, “So, if you actually look at the personal transaction reports that were filed, it notices, at the bottom, that I’m only informed of my transactions after they occur, several weeks.”

In mid-February, according to the report, Loeffler invested between $100,000 and $250,000 in Citrix, a teleworking company that saw a rise in stock prices amid the coronavirus outbreak.

She concluded, “So, certainly those transactions at least on my behalf were a mix of buys and sells, very routine for my portfolio.”

Loeffler’s Republican opponent in the upcoming Senate race in Georgia, Rep. Doug Collins, R-GA, said he’s “sickened” by the move.

“People are losing their jobs, their businesses, their retirements, and even their lives and Kelly Loeffler is profiting off their pain? I’m sickened to think about it,” Collins wrote on Twitter Friday.

Loeffler isn’t the only Senator who took part in a multi-million dollar insider trading scheme. Sens. Dianne Feinstein, D-CA, Richard Burr, R-NC, James Inhofe, R-OK, were all part of the January briefing and acted on their stock shares shortly after. Each lawmaker released the following statements denying their roles in the schemes: