Senator Who Dumped Stocks Targeted in Virus Probe

The Justice Department has contacted Republican North Carolina Sen. Richard Burr, who dumped up to $1.72 million in stocks before the market plunged, for further information. Other lawmakers who traded ahead of the market turmoil caused by the COVID-19 panic based on confidential briefings they received could face similar inquiries, according to media reports.

white collar

Federal White-Collar Prosecutions Hit ‘All-Time Low’

As of January 2020, the number of white-collar offenders prosecuted on federal charges had dropped eight percent from the previous year, continuing a slide that began five years ago. That’s the lowest figure recorded since tracking began during the Reagan Administration, says the Transactional Records Access Clearinghouse.