By Robert Faturechi, ProPublica
After Sen. Richard Burr of North Carolina dumped more than $1.6 million in stocks in February 2020 a week before the coronavirus market crash, he called his brother-in-law, according to a new Securities and Exchange Commission filing.
They talked for 50 seconds.
Burr, according to the SEC, had material nonpublic information regarding the incoming economic impact of coronavirus.
The very next minute, Burr’s brother-in-law, Gerald Fauth, called his broker.

ProPublica previously reported that Fauth, a member of the National Mediation Board, had dumped stock the same day Burr did. But it was previously unknown that Burr and Fauth spoke that day, and that their contact came just before Fauth began the process of dumping stock himself.
The revelations come as part of an effort by the SEC to force Fauth to comply with a subpoena that the agency said he has stonewalled for more than a year, and which was filed not long after ProPublica’s story.
Recent Posts
Report Details Private Equity’s Stranglehold On US Healthcare
March 27, 2023
Take Action Now “The damage that private equity has wrought on Americans’ healthcare from cradle to grave, simply for profit, has become…
20 Years Later: Confessions Of A Conscientious Quitter
March 27, 2023
Take Action Now Like so many Americans, I was a victim of sadistic marketing that pushed me to believe that becoming a Marine was the best and most…
Here’s What To Know About The United Nations’ IPCC Reports
March 27, 2023
Take Action Now The IPCC might be the most used acronym in climate science. The scientists behind the influential IPCC report discuss what it is and…
We Don’t Have To Choose Between Nuclear Madmen
March 27, 2023
Take Action Now The madness has remained resolutely bipartisan. Joe Biden quickly dashed hopes that he would be a more enlightened president about…