"If you paid up to $10,000 for membership and have a
history of donating to Richard Burr, you would have
received significant insight about COVID-19 by Feb
By Julia Conley
March 19, 2020 "Information
Clearing House" - A look at financial records reveal that Senate
Intelligence Committee Chairman Sen. Richard Burr
last month—just as he was big-dollar donors, but
not the general public about the looming threat of
the coronavirus—personal stock holdings worth
hundreds of thousands of dollars, many of them in
industries now seriously impacted by the outbreak.
According to Open Secrets:
Burr and his wife Brooke sold between
$581,000 and $1.5 million in publicly traded
stocks on Feb. 13 and didn’t buy any new
positions, according to a
recent financial disclosure filed with the
Around the time that Burr sold his shares of
major corporations, including several hard hit
hotel companies, he publicly
expressed confidence about the U.S.
government's ability to fight the virus. However
in late February, Burr
privately warned that the virus is "much
more aggressive in its transmission than
anything that we have seen in recent history,"
according to a recording obtained by NPR.
Between the Burrs’ two accounts, they sold up
to $150,000 worth of stock in
Wyndham Hotels & Resorts, which lost almost
two-thirds of its market value since Feb. 13.
They sold up to $150,000 in Extended
Stay America, another hotel company that lost
half its value over the last month. Burr
also sold between $15,001 and $50,000 of stock
in Park Hotels & Resorts, which saw
its stock price drop from nearly $24 to
under $5. The hotel industry is asking
Trump for a bailout as Americans
increasingly avoid travel.
audio recording obtained by NPR, the
North Carolina Republican was heard telling donors
at a luncheon on Feb. 27 that the coronavirus,
officially called COVID-19, would likely spread
through the population aggressively—and suggested it
could kill hundreds of thousands of people.