Third GOP Senator caught selling equity before the market crash — this time up to $25 million worth – Raw Story

On Monday, March 2nd, the Dow Jones Industrial Average set its biggest-ever point gain.

But Sen. Ron Johnson (R-WI) was massively selling.

Johnson, who has a net worth estimated at over $36 million, made a major transaction.

The exact amount is unknown, as ethics forms only require disclosure in broad ranges, but Johnson reported selling over $5 million that day — and potentially up to $25 million.

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In a report filed today, Sen. Ron Johnson R-WI with a very large stock sale earlier this month. pic.twitter.com/c9QbjYOcPa

— Jamie Dupree (@jamiedupree) March 20, 2020

Sen. Richard Burr (R-NC) and Sen. Kelly Loeffler (R-GA) reported dumping stock before market crash.

Johnson’s sale was reportedly related to a family business which is not publicly traded on an exchange.

I deleted a tweet about Ron Johnson’s stock dump because “stock dump” wasn’t a accurate description — Johnson sold off his share in his family’s company — here’s the filing https://t.co/plOM1tIGF7

— Alex Thomas (@AlexThomasDC) March 20, 2020

Johnson’s sale was reportedly announced February 11th.

“A San Francisco-based private equity firm, Gryphon Investors, has made an equity investment in Oshkosh-based Pacur LLC, the supplier of specialty plastic packaging materials to the medical device industry that was led by Wisconsin Sen. Ron Johnson prior to his election to the U.S. Senate in 2010,” BizJournals reported. “Details of the transaction were not disclosed.”

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