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D.C. Officials Made out Like Bandits With Timely Stock Trades as COVID Struck
 [Red State] Shocked not shocked: federal officials in charge of the COVID response profited off their insider knowledge—before the general public was even aware of the threat. A Wall Street Journal investigation published Wednesday uncovered numerous stock trades by employees of the Department of Health and Human Services, the CDC, the Department of Transportation, the Treasury Department—even a deputy to Dr. Anthony Fauci.
They write:
In January 2020, the U.S. public was largely unaware of the threat posed by the virus spreading in China, but health officials were on high alert and girding for a crisis.
A deputy to top health official Anthony Fauci reported 10 sales of mutual funds and stocks totaling between $157,000 and $480,000 that month. Collectively, officials at another health agency, Health and Human Services, reported 60% more sales of stocks and funds in January than the average over the previous 12 months, driven by a handful of particularly active traders.
It’s been an open secret that many have profited handsomely off the pandemic, with ten of the world’s richest people reportedly doubling their fortunes during the first two years, Pfizer hauling in an estimated $54 billion in vaccine and treatment revenues in 2022, and Fauci’s net worth somehow ballooning to almost $13 million.
Posted by: Besoeker 2022-10-21 |
