Republicans Demand the Resignation of Kelly Loeffler for Betraying the Trust of Voters
The Issue
On January 24, 2020, Georgia Senator Kelly Loeffler attended a senators only briefing by Trump Administration officials on the seriousness of the Cornavirus. Information was discussed that was not yet public knowledge.
Within a few hours of the private briefing, Sen. Loeffler and her husband began selling stock that would be negatively impacted by the Coronavirus. Between Jan. 24 and Feb. 14, Loeffler and her New York Stock Exchange CEO husband Jeffrey Sprecher, made a total of 29 stock transactions. They sold 15 stocks worth between $1,275,000 and $3,100,000 that have been reported to have lost a third of their value since Loeffler and her husband sold them. Sen. Loeffler purchased stock in teleworking software Citrix on February 14th that has gained value..
Loeffler did not do the prudent thing and put her stock/assets in a blind trust when she became Senator, but instead set up a structure where on the surface 3rd party advisers manage her stock purchases. Loeffler also admitted that an employee in the family office was the intermediary to the 3rd party advisers. We strongly believe Loeffler somehow relayed the information she learned in the private briefing to her advisers.
During the stock sell off by Loeffler and her husband Sprecher, Loeffler continued painting a rosy picture in regard to Coronavirus even though she knew how serious the crisis was.
On March 10th, Loeffler Tweeted this: “Concerned about #coronavirus?”Remember this: The consumer is strong, the economy is strong, & jobs are growing, which puts us in the best economic position to tackle #COVID19 & keep Americans safe.”
On March 11th, Loeffler's husband NYSE CEO Jeffrey Sprecher sold 175,000 shares of Intercontinental Exchange - the company that owns the NYSE.
Sen. Loeffler may be guilty of violating the STOCK Act that prohibits insider trading. Members of Congress cannot trade with non-public information.
Senator Loeffler has put Georgia at risk for turning blue. She has put the Presidency, both Senate Seats, and the Gold Dome at risk of flipping blue this November.
Senator Loeffler has shown she does not have the moral compass that we as Republicans strive to have and expect from our public servants. Anyone that tries to profit off this pandemic should resign immediately. There is no room in the Republican Party for Pandemic Profiteers..
Therefore, we call on on Sen. Kelly Loeffler to resign immediately.
1,036
The Issue
On January 24, 2020, Georgia Senator Kelly Loeffler attended a senators only briefing by Trump Administration officials on the seriousness of the Cornavirus. Information was discussed that was not yet public knowledge.
Within a few hours of the private briefing, Sen. Loeffler and her husband began selling stock that would be negatively impacted by the Coronavirus. Between Jan. 24 and Feb. 14, Loeffler and her New York Stock Exchange CEO husband Jeffrey Sprecher, made a total of 29 stock transactions. They sold 15 stocks worth between $1,275,000 and $3,100,000 that have been reported to have lost a third of their value since Loeffler and her husband sold them. Sen. Loeffler purchased stock in teleworking software Citrix on February 14th that has gained value..
Loeffler did not do the prudent thing and put her stock/assets in a blind trust when she became Senator, but instead set up a structure where on the surface 3rd party advisers manage her stock purchases. Loeffler also admitted that an employee in the family office was the intermediary to the 3rd party advisers. We strongly believe Loeffler somehow relayed the information she learned in the private briefing to her advisers.
During the stock sell off by Loeffler and her husband Sprecher, Loeffler continued painting a rosy picture in regard to Coronavirus even though she knew how serious the crisis was.
On March 10th, Loeffler Tweeted this: “Concerned about #coronavirus?”Remember this: The consumer is strong, the economy is strong, & jobs are growing, which puts us in the best economic position to tackle #COVID19 & keep Americans safe.”
On March 11th, Loeffler's husband NYSE CEO Jeffrey Sprecher sold 175,000 shares of Intercontinental Exchange - the company that owns the NYSE.
Sen. Loeffler may be guilty of violating the STOCK Act that prohibits insider trading. Members of Congress cannot trade with non-public information.
Senator Loeffler has put Georgia at risk for turning blue. She has put the Presidency, both Senate Seats, and the Gold Dome at risk of flipping blue this November.
Senator Loeffler has shown she does not have the moral compass that we as Republicans strive to have and expect from our public servants. Anyone that tries to profit off this pandemic should resign immediately. There is no room in the Republican Party for Pandemic Profiteers..
Therefore, we call on on Sen. Kelly Loeffler to resign immediately.
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Petition created on March 23, 2020