Sen. Richard Burr will step down as Senate Intel chair. The news comes just one day after the FBI seized his phone to investigate stock sales made early in the pandemic.
WASHINGTON — Sen. Richard Burr stepped down as chairman of the Senate Intelligence Committee on Thursday, a day after FBI agents seized his cellphone as part of a criminal investigation into his stock sales during the early weeks of the coronavirus pandemic.
After serving the warrant, the FBI went to Burr's home to retrieve the phone Wednesday night. Burr said the FBI's visit was "a part of the investigation, and everybody ought to let this investigation play out." It was not immediately clear Thursday who would take up Burr's committee gavel during his temporary hiatus: The next highest ranking Republicans on the committee, Idaho Sen. Jim Risch and Florida Sen. Marco Rubio, both chair other Senate committees at the moment, positions they would have to give up in order to chair the Intelligence Committee.
But neither Feinstein nor Blum avoided future losses by selling the stock when they did. On the contrary, when Blum sold his shares, Allogene Therapeutics was trading at around $21. Today, the stock is trading at over $40 a share. Again, the statement did not address whether or not Loeffler has been questioned by the FBI like Feinstein was, only that "no search warrant has been served on Sen Loeffler."
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