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🚨A deep dive into Kelly Loeffler.

Who is she and why is she corrupt?

Sit down, relax, enjoy the rabbit hole.🐰

THREAD.

 First things first, let’s set up some background info.

Loeffler, who is currently in one of two Senate run-offs in Georgia, is not a Georgia Native. Kelly Loeffler was actually born in Bloomington, Illinois.

Not a dealbreaker but keep this in mind going forward.
In 2004 Loeffler married Jefferey Sprecher who founded and is CEO of International Exchange the company which owns the New York Stock Exchange (Yes the one with a market cap of $22.9 trillion).

He is also the Chairman of the NYSE.
Loeffler is the richest U.S. Senator, with her and her husband being worth between $800 million and $1 billion according to Forbes.

So much for “knowing what it’s like to live paycheck to paycheck.”
Kelly Loeffler wasn’t actually elected to her current position.

She was appointed by Republican Gov Brian Kemp after U.S Sen Isakson resigned due to health reasons.

She took office as Senator for Georgia on Jan 1st, 2020

https://t.co/QZRecKbXmV
Interesting side note:

Kemp chose Loeffler over Doug Collins who is a Georgia native and was Trump's choice.🧐

As we know Loffler is insanely rich.

Did Loeffler pay for a senate seat?

Maybe.

https://t.co/m7EyMg4Ndw
It's also important to point out that Loeffler is known as a Mega-donor.

She gave over $580 000 to Trump's victory fund & has given over $3.2 million to various political committees (97% of which was to Republicans)

She also donated the max - $2800 to Trump's "Recount Account"
Ok so we know WHO her husband is and we know she was APPOINTED to the U.S. Senate on January 1st, 2020. So what happened next?
On January 24th three weeks into her senate career, Loeffler attended a private Senate briefing by Dr. Fauci and Dr. Redfield which outlined the emerging threat of coronavirus.

https://t.co/2yKRpKLkI6
The first photo is the stock she sold and bought immediately after the meeting (24th of Jan) and through to March 13th.

You can also find this information on the United States Senate Financial Disclosures (Second photo)

https://t.co/pP3sM7lDa3
The first thing and the biggest sell-off involved $18.7 in shares of Intercontinental Exchange stock (ICE) dating between Feb 26 - Mar 11.

Loeffler is a former executive of ICE & if you remember, her husband is the CEO of ICE.

Well, this is what happened to the stock price.
During this same period, Loeffler and her husband also sold shares in retailers like TJMaxx and Lululemon.

Companies that would suffer during an economic downturn.

Here's what happened to TJMaxx just after she sold.
At this same time, they bought over $200 000 worth of stock in a chemical company - DuPont.

DuPont is involved in manufacturing/supplying PPE.

As you know, PPE is crucial for a pandemic. Having stock could potentially be super lucrative.

https://t.co/QSZLoxgcaZ
For fairness' sake, DuPont didn't do super well straight away, but it is certainly is now later in the pandemic.

See @BanksPatriot multiple threads for more details on how Trump may be letting COVID spread in the US to turn a profit.

I will link it at the bottom of this thread
It gets even deeper.

Loeffler sold stock in an online travel booking company – Booking Holdings, on the 10th & 11th of March, less than a week after purchasing them.

After the markets closed, Trump announced the European Travel restrictions & Booking Holdings fell 11%.
On Feb. 14, Loeffler and her husband bought $168 000 stock in Citrix, which provides teleworking software, and $168 000 in Oracle stock a technology company.

Both which would be crucial for a work from home situation.
Here's what Kelly Loeffler was saying publically during these trades.

1) She was playing up Trump and the economy
2) She was as expected COMPLETELY wrong about Trump and his response to the coronavirus.

https://t.co/eJDvLpLPkz
So what happened next?

As far as I know, there were three investigations* into Loeffler's (R) potential insider trading.
1) Department of Justice.
2) Senate Ethics Panel
3) Securities and Exchange Commission

*There were also 3 others being investigated - 2 Repub & 1 Dem.
Let's take a look at the Department of Justice's investigation first.

As you know, the DOJ is headed by Trump loyalist Bill Barr.

Having 3 out of 4 insider traders being Republican couldn't have been a good look for Trump's reelection campaign.
Well during the middle of the DOJ investigation on April the 29th 2020.

Jeffrey Spreecher - Loeffler's husband sent a $1 million dollar check to the leading pro-Trump super PAC - America First Action.

https://t.co/QafeGEtaB5
For those that don't know.

America First Action (AFA) is also central to the Ukraine scandal.

Parnas & Fruman donated to the PAC while helping Guiliani solicit dirt on Biden from Ukraine.

AFA is a rabbit hole in itself that I will leave to another day
https://t.co/CCVtfC347N
So anyway. Loeffler's husband donated 1 million dollars to America First Action and this is what I speculated at the time after it was just being reported by the media.

https://t.co/bk7Hzk5HyK
Well turns out I was right because just a few days later.

Guess what happened?

Barr's DOJ dropped the charges.

https://t.co/GhjAFmhPZl
The Senate Ethics Committee also dropped their case in June after the DOJ had dropped theirs

I want to point out that they most likely dropped it because Loeffler doesn't DIRECTLY manage her funds she uses 3rd-party advisers at financial services e.g Goldman Sachs.

HOWEVER...
... as some have posited, this does not stop Loeffler or her husband from picking up the phone and calling them.

AND

Those who use others to manage their money can still influence that management by letting advisers know of crucial things like bailouts.

https://t.co/Yn2i0KxmXl
As for the Securities and Exchange Commission investigation, I'm not sure if it has concluded. In March the SEC issued a sharp warning for Senators who indulge in Covid insider trading.

But interestingly Perdue's (another thread) case has been renewed.

https://t.co/agxRLcknQ8
Moving back to our Loeffler rabbit hole journey.

Here's a video of Loeffler violating federal and ethics rules, which bar soliciting campaign contributions in federal buildings.
And I never thought I'd share a Doug Collins ad.😅

But just bear with me.

Here he is attacking Loeffler for being profiteering off coronavirus.

It serves two purposes going forward:
1) Republicans attacking republicans
2) It's hilariously ironic.

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