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Sen. Richard Burr, Under Fire For Stock Trades, Has Raised Over $500,000 For His Legal Defense Fund

By News Creatives Authors , in Billionaires , at January 1, 1970

Sen. Richard Burr’s (R-N.C.) legal defense fund has received at least $520,000 in contributions, including $87,000 from the start of July to the end of September, according to a disclosure filed last month with the secretary of the senate. Burr had come under scrutiny for stock trades he made at the outset of the pandemic.

The Department of Justice closed its investigation without filing charges in January.  Citing a new filing, ProPublica reported last month that the senator’s brother-in-law called his stockbroker one minute after receiving a call from Burr, who had “material nonpublic information regarding the incoming economic impact of coronavirus.”

The fund’s latest disclosure puts the number of current and former lawmakers who’ve contributed to their colleague’s defense at 40. Money has poured in from PACs for Sen. Mitt Romney of Utah ($10,000), Sen. Tommy Tuberville of Alabama ($5,000), Sen. Cindy Hyde Smith of Mississippi ($2,500) and Rep. Fred Upton of Michigan ($2,000). None of the lawmakers’ offices responded to inquiries.

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Other notable donors include J. Neal Blue, CEO of the defense contractor responsible for the predator drone. He donated $10,000. Julianne Chambliss, the spouse of former Republican Senator Saxby Chambliss, gave $2,500.

Burr’s defense fund also reversed an earlier contribution from Burt Rosen, a former lobbyist for opioid giant Purdue Pharma. Rosen, who launched his own firm last year and is now representing other pharmaceutical giants, donated $2,500 in May, intending to give the money to Burr’s election campaign rather than his defense fund, according to the disclosure. (Burr announced in 2016 that he wouldn’t seek re-election when his term expires.)

Burr’s defense fund has paid the law firm Latham & Watkins $535,000, according to the disclosures. His office did not respond to an inquiry.


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