“Tonight, the Department of Justice informed me that it has concluded its review of my personal financial transactions conducted early last year,” Burr said in a statement. “The case is now closed. I’m glad to hear it. My focus has been and will continue to be working for the people of North Carolina during this difficult time for our nation.”
Burr, who stepped down as former chairman of the Senate Intelligence Committee amid the probe, sold between $628,000 and $1.7 million of his stocks in more than 30 transactions on Feb. 13, 2020, with his wife, according to Senate financial disclosures. A week later, the stock market began to decline.
The biggest sales from Burr included stocks from Wyndham Hotels and Resorts, a company that has lost significant value amid the pandemic, and shares of Extended Stay America, a hospitality chain that has also seen a decrease in value amid the spread of the CCP virus, which causes the COVID-19 disease.
Burr in May last year was served a search warrant by the FBI, who showed up at his Washington-area home and seized his cellphone as part of the ongoing investigation.
He denied any wrongdoing at the time, maintaining that he relied “solely on public news reports,” to make the transactions. Burr said he used CNBC’s reports coming out of Asia to make the decisions.
His attorney, Alice Fisher, described the probe as a “thorough review” and said Burr, who has said he will not seek reelection when his term ends in 2022, would remain focused on “the safety and security of North Carolinians and the United States as a whole.”
The DOJ didn’t immediately respond to a request for comment by The Epoch Times.