Name: Senator who dumped shares after coronavirus briefing reportedly got a $9 million payout as she left the publicly traded company run by her husband
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Senator who dumped shares after coronavirus briefing reportedly got a $9 million payout as she left the publicly traded company run by her husband

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Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.An icon in the shape of a person's head and shoulders. It often indicates a user profile.Redeem nowSign up for our newsletter to receive our top stories based on your reading preferences — delivered daily to your inbox.Something is loading.Sen. Kelly Loeffler received more than $9 million when she left Intercontinental Exchange to fill an empty Senate seat, .Loeffler came under scrutiny in April after that she sold millions of dollars worth of stock after receiving a confidential Senate coronavirus briefing. She said the shares were sold by third-party managers, but she over the controversy, saying that it "isn't worth the distraction."&nbsp;The $9 million from Intercontinental Exchange, a publicly traded company whose CEO is Loeffler's husband, is likely to fuel further questions about Loeffler's wealth. The payout included a $7.8 million stake in Bakkt, an Intercontinental-owned cryptocurrency company, according to The New York Times report.&nbsp;Loeffler was "instrumental in the launch and growth of that company," an Intercontinental Exchange spokesman told Business Insider in a statement. "We admire Kelly's decision to serve her country in the U.S. Senate and did not want to discourage that willingness to serve."&nbsp;A spokesperson for Loeffler said she "left millions in equity compensation behind to serve in public office" and that "she brings unparalleled business experience to helping solve our nation's challenges at a time when we need to rebuild our economy and restore jobs."&nbsp;Loeffler, the wealthiest member of the Senate, is , Rep. Doug Collins, in a GOP poll after the controversial trades last month.&nbsp;She and volunteered it to bring home Georgians who were stranded because of the coronavirus. The ad said she donated her Senate salary — about $174,000 per year — to coronavirus relief.&nbsp;Sign up for notifications from Insider! Stay up to date with what you want to know.Subscribe to push notificationsAn icon in the shape of a lightning bolt.Keep readingTwo crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.An icon in the shape of a person's head and shoulders. It often indicates a user profile.Redeem nowSign up for our newsletter to receive our top stories based on your reading preferences — delivered daily to your inbox.Something is loading.Sen. Kelly Loeffler received more than $9 million when she left Intercontinental Exchange to fill an empty Senate seat, .Loeffler came under scrutiny in April after that she sold millions of dollars worth of stock after receiving a confidential Senate...

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Bryan Pietsch

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Senator who dumped shares after coronavirus briefing reportedly got a $9 million payout as she left the publicly traded company run by her husband

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