GOP Senator Kelly Loeffler Calls Criticism of Her Coronavirus Stock Trading a ‘Socialist Attack’
Embattled Sen. Kelly Loeffler (R-GA) waved off the firestorm of controversy over stock trades she made following Senate coronavirus briefings, telling Fox News on Friday that the criticism she’s received is nothing more than a “socialist attack.”
Weeks after The Daily Beast reported that the Loeffler and her husband, New York Stock Exchange chief executive Jeff Sprecher, dumped up to $3.1 million in stock following a late January closed-door coronavirus briefing, Loeffler announced last week that the couple was liquidating their stock holdings amid accusations of insider trading. She has maintained that third-party advisers conducted the trades and she was not involved.
Noting that Loeffler had appeared on their program last month to deny any wrongdoing, America’s Newsroom co-anchor Sandra Smith asked Loeffler whether she and her husband had gone through with liquidating those stocks.
“Yes, and I’ve been very open about addressing all those questions,” the Georgia lawmaker and wealthy ex-CEO replied. “This is a political attack that is designed to distract from the issue at hand and to use this outbreak to play politics.”
Watch the video above, via Fox News.
Read the rest of the article at The Daily Beast.