US Senator Richard Burr has had his cell phone seized by federal brokers as a part of the Justice Division’s probe into inventory transactions made by the politician earlier than the sharp market downturn triggered by the coronavirus pandemic earlier this yr, US media mentioned late on Wednesday.
Burr reportedly bought roughly $1.7m in shares shortly earlier than the financial downturn from the coronavirus pandemic started.
Burr, a Republican, has denied any wrongdoing and mentioned he relied solely on information studies to information choices on inventory gross sales amid studies that he and different senators bought shares after being briefed on the dangers of the coronavirus disaster.
The Senate Intelligence Committee chairman turned over his cellphone to brokers after they served a search warrant on him at his Washington, DC residence, the Los Angeles Instances reported, citing an unnamed regulation enforcement official.
A separate regulation enforcement official instructed the LA Instances that the FBI additionally served a warrant not too long ago to iPhone maker Apple Inc to get data from Burr‘s iCloud account.
Legislation enforcement brokers used knowledge acquired from the corporate as a part of the proof used to acquire the warrant for the senator’s cellphone, the report added.
The Justice Division, which oversees the FBI, declined to touch upon the report. Apple didn’t reply to a request for remark.
CNN reported in March that the Justice Division had began to research a collection of inventory transactions made by Burr earlier than the market downturn triggered by the…