GOP Sen. Kelly Loeffler just handed over documents to federal authorities investigating alleged insider trading

Toni L. Sandys/The Washington Post via AP, Pool

• Sen. Kelly Loeffler, who is reportedly worth over $500 million, sold off stock just as she was being briefed on the looming threat of COVID-19 and before the stock market tanked due to the coronavirus.
• The senator "has forwarded documents and information" to federal investigators, a spokesperson told The Daily Beast, "establishing that she and her husband acted entirely appropriately and observed both the letter and the spirit of the law."
• The news comes after federal agents seized the phone of Sen. Richard Burr, who has also faced allegations of insider trading.
• Visit Business Insider's homepage for more stories.

The wealthiest member of Congress handed over documents Thursday to federal law enforcement authorities investigating allegations that she and other lawmakers engaged in insider trading, according to a report.

Sen. Kelly Loeffler, a Republican from Georgia, drew scrutiny following reports that she and her husband — the chairman of The New York Stock Exchange — sold off millions of dollars worth of shares and invested in a telecommunications software company after she was briefed on the threat of COVID-19, as Business Insider noted last month.

See the rest of the story at Business Insider

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