This is how out politicians exit office as millionaires. In a just world, Senator Burr would be tarred and feathered.
The chairman of the Senate Intelligence Committee, Sen. Richard Burr, dumped between $582,029 and $1.56 million of his stock holdings as he was getting coronavirus warnings.
ProPublica reported that on February 13 Burr sold of stock holdings in 29 separate transactions. A week later the stock market started its downward trend, now losing about a third of its value.
Burr dumped $150,000 worth of shares of Wyndham Hotels and Resorts stock and $100,000 worth of shares of Extended Stay America.
The hospitality industry has been one of the worst shattered in this collapse.