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BREAKING NEWS: Richard Burr steps down as chair of the Senate Intelligence Committee after FBI raided his home and seized his cellphone in insider trading probe
- Senator Richard Burr stepped aside as chair of the Senate Intelligence Committee Thursday after the FBI raided him home and seized his cell phone
- The North Carolina senator surrendered his phone to federal agents after they served a search warrant on the lawmaker at his Washington home
- Burr, the chairman of the Senate Intelligence Committee, sold a large percentage of his stock portfolio in February shortly before the market slumped
- Justice Department are investigating whether Burr violated a law that prevents members of Congress from trading on insider information
- Across 33 different transactions on February 13, Burr sold off between $628,000 and $1.72 million of his holdings, following coronavirus briefings