Criminal statutes are not enacted via textbook. Pray tell, please identify the criminal statute on which you rely.
Text messages are kept for anywhere from 3 days to 3 months, depending on phone company rules & regs.
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You killed it.
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You don’t think they’ll flounder and let him skate?
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Not going to go over all of this with you again. The Stock act stated very clearly that Congress members are not exempt from insider trading laws.
I really don’t know how you ever passed the bar.
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My conspiratorial mind says the FBI is doing this to cover up any messages to White House members asking for MORE DETAILS on what stocks to dump…
Then again, considering the people in the White House…
If you’re gonna carry water for these people, best to make sure it isn’t full of lead and chromium.
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Many, including Governor Kemp believe that Doug Collins is un-electable for Senate now that Republicans pretty much with lost women in suburban Atlanta. Loeffner a woman from the suburbs herself was supposed to fix that.
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Perhaps as simple as Loeffler was smart enough not to commit insider trading on her phone?
(Hers is all pillow talk)
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So long, Director Wray. You tried your best to fill Comey’s (ill-fitting) shoes, but now that you’ve allowed actual justice to be carried out, like him, you’ve got to go.
Such a nasty FBI Director. So mean to Trump. So disloyal.
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They were never exempt from insider trading laws. The STOCK act affirmatively made them insiders for purposes of non-public information they obtained in the course of their jobs as congresscritters. But being an “insider” and obtaining non-public information is insufficient to sustain a criminal charge of insider trading.
Say, for example, that I am the CEO and principal shareholder of a multinational tech company. Call me Gil Bates. I am definitely an “insider” when it comes to trades of my own company’s stock. But when my underlings come to me with data that suggests aspirin might be a cure to COVID-19, I do not commit a crime by using that non-public information to buy shares of Bayer, because I have not traded on anything that is within the scope of my insider status. I’m not defrauding the market. I just made a smart trade based on non-public information that I am lucky enough to possess because I am Gil Bates.
And crazily enough, I don’t remember any insider trading questions on the bar exam. It’s kind of an unusual and esoteric area of the law.
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Errin’ Burr
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Yeah, yeah, yeah. Keep on ignoring the law.
Last I checked, the FBI doesn’t make a habit of seizing phones if there’s no possible underlying law to violate.
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R-eel-y?
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I wouldn’t put it past that group-er.
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The law that you steadfastly fail to cite? Lemme give you a hint, it comes primarily in the format of ___ U.S.C. § ____, secondarily in the format of ___ F.3d ___.
Generally true, but Donnie isn’t happy with Sen. Burr to his failure to completely prostrate himself on the Russia stuff. Or maybe Sen. Burr actually got non-public information specific to a stock he traded on – totally possible! If he got briefed that airlines and hotels were about to be decimated, he would likely be subject to criminal sanction for insider trading if he traded on that knowledge. If he was just smart enough to recognize that COVID-19 was going to be a general shitshow, he’s fine.
ETA: The reporting is that the FBI is looking into Burr’s communications with his broker. If the communication was just “Sell hotel stocks,” he’s probably fine unless the “inside” information was that hotel chains are about to get killed. If the communication was “Holy shit, the country’s gonna have to go on stay-at-home lockdown for six months, how can I make money on this?” he’s in a lot of trouble.
The back story: “So why Burr? Remember I mentioned that the Senate Intelligence Committee agreed with the Mueller investigation, and that It was due to release the final volume of its report soon? Burr is the chairman of that key committee. If he is discredited enough to lose his chairmanship, McConnell will get to choose his replacement. And it’s a pretty safe bet the committee will no longer support the conclusions of the Mueller Report.” — Heather Cox RIchardson
https://www.facebook.com/heathercoxrichardson/posts/2273851629425557?tn=K-R
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Your Bold Prediction ™: Yes.
Hypothesis:
Burr is targeted for lack of loyalty to Trump. Inhofe and Loeffler skate.
MAGAs fume over “unfair raid”, as they did over Manafort & Stone.
Trump expresses mock outrage and uses this as pretext to can Wray.
Had Burr not been a repeat offender on using insider info for his own benefit I would be more prone to give him the benefit of the doubt. He did basically the same thing before the crap hit the fan in the financial meltdown that GWB/Cheney brought us by getting his wife alerted to get cash out of the bank before the crash hit. He is not an honest man. It is about time he paid a price for his self-serving, me-first attitude.
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