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Sen. Loeffler Reports Additional Millions Of Dollars In Stock Sales

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Senator Kelly Loeffler’s recent financial disclosures, obtained Tuesday by The Atlanta Journal-Constitution, show that she sold millions of dollars in stocks in addition to her mid-February sales.

The recent sale included three separate transactions amounting to a whopping 18.7 million in Intercontinental Exchange stock, according to the report. Notably, her husband, Jeff Sprecher is the CEO of Intercontinental Exchange, Inc. (ICE) and Chairman of the New York Stock Exchange.

Additionally, the filings revealed that the Senator sold stocks she had in two major retailers, Lululemon and T.J. Maxx, and invested in COVID-19 protective gear.

The news of the recent transactions comes as the lawmaker faces scrutiny for alleged insider trading that occurred in the first few weeks of 2020. The earlier financial decisions were made after Loeffler received a private briefing just before the coronavirus shut down the American economy. However, Loeffler, who is a former investment professional, has denied those claims saying she didn’t have knowledge of the sale.

“Senator Loeffler filed another Periodic Transaction Report (PTR) and the facts are still the same. These transactions are consistent with historical portfolio activity and include a balanced mix of buys and sells. Her stock portfolio is managed independently by third-party advisors and she is notified, as indicated on the report, after transactions occur,” a Spokesperson for Sen. Loeffler told SaraACarter.com on Wednesday.

The comment continued, “Sen. Loeffler continues to operate with integrity and transparency – following both the spirit and the letter of the law. While some will continue to make baseless accusations devoid of facts, Senator Loeffler will continue working to keep Americans safe and provide much-needed relief to Georgia families and businesses impacted by COVID-19.”

Sens. Dianne Feinstein, D-CA, Richard Burr, R-NC, James Inhofe, R-OK face similar fire for making stock sales after receiving the same briefing. Earlier this week, Burr’s lawyers said he would be willing to participate in an “inquiry” into the stock sales as the Justice Department prepares for an investigation, according to reports.

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Politics

‘Coordinated effort’ to hide Hunter Biden information: Treasury denies request for reports

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joe biden and hunter biden

The United States Treasury Department has denied Republicans’ request for reports and documents which deal with the President’s son, Hunter Biden. In a bizarre response, Treasury legislative affairs chief Jonathan Davidson sent a letter to the House Oversight and Accountability Chairman James Comer saying they need more detail as to why the panel its seeking such “highly sensitive information.”

Apparently suspicious activity surrounding the President of the United States’ son doing business deals, foreign banking and transactions with overseas entities including China and Ukraine is not obvious enough.

Davidson’s letter did not acknowledge whether such reports on the Bidens exist, but instructed Comer that “improper disclosure” of such information can undermine the executive branch’s “conduct of law enforcement, intelligence, and national security activities.”

Comer responded that “this coordinated effort by the Biden Administration to hide information about President Biden and his family’s shady business schemes is alarming and raises many questions.”

Comer added the panel will continue to request the reports and will use “the power of the gavel to get them if needed.”

Bloomberg News reports:

Comer and other Republicans already said they have evidence that finances, credit cards, and bank accounts of Hunter and Joe Biden were commingled if not shared.

And in an interim report released in November, Republicans surmised that the Treasury Department has at least 150 SARs related to financial transactions of Biden family members.

Nonetheless, in his letter to Yellen, Comer explained, “The Committee is investigating President Biden’s knowledge of and role in these schemes to assess whether he has compromised our national security at the expense of the American people.”

Comer added the committee also “will examine drafting legislation to strengthen federal ethics laws regarding employees and their families.”

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