FBI reportedly serves warrant for Sen. Burr's cell phone in stock trading probe

The investigation concerns whether the congressman illegally used information to trade stock

Updated: May 13, 2020 - 11:42pm

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The FBI on Wednesday reportedly served Senate Intelligence Committee Chairman Richard Burr with a warrant to collect his cell phone in connection with an investigation into whether he illegally traded stocks based on information he learned from pandemic briefings.

The Los Angeles Times notes that the North Carolina Republican sold a significant amount of stocks on Feb. 13, one day after a Senate committee on which Burr sits received a briefing about the virus.

Burr sold stocks in some businesses shortly before those stocks lost value due to the coronavirus pandemic. He has denied wrongdoing.

The Times also reports that Burr's brother-in-law also sold thousands of dollars' worth of six stocks on Feb. 13 and noted that the senator "has denied coordinating trading with his brother-in-law."