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Tim Mak Profile picture
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28 Oct, 4 tweets, 2 min read
ProPublica:

Sen. Richard Burr's brother-in-law called stock broker a minute after getting off phone with the senator

Burr himself dumped $1.6 million+ of stocks in Feb 2020, just before the COVID market crash

propublica.org/article/burrs-…
Another important story: Pharma lobbyists, a billionaire, investment firm execs and lawmakers pitch in to Senator Burr's legal defense fund:

forbes.com/sites/zachever…
The SEC revealed that there is an ongoing insider trading investigation into Burr's trade, even as federal prosecutors decided ultimately not to charge him:

propublica.org/article/burrs-…
This all kicked off in 2020 when NPR reported on a secretly recorded tape: Burr had given a VIP group a dire preview of COVID's consequences -- while not warning the American public.

Burr also sold some 1.6 million in stocks in a single day.

npr.org/2020/03/19/818…

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More from @timkmak

Tim Mak Profile picture
28 Oct
The first excerpt of MISFIRE, my book on the inner workings of the NRA, is up on Vanity Fair.

We start at CEO Wayne LaPierre's wedding -- when he doesn't show up.

"Where the fuck is Wayne?"

vanityfair.com/news/2021/10/t…
One of the reasons I wanted to write a book about the NRA is that it really is a black box.

This powerful organization, at the center of controversy -- and no one knows anything about the personalities and characters.

That's what I tried most to do with MISFIRE
Wayne LaPierre doesn't want to get married. His best man places a hundred dollar bill and suggest they leave.

The portrait of Wayne LaPierre in the book is one of a remarkably weak-willed man who somehow becomes head of a $400 mil a year organization.

vanityfair.com/news/2021/10/t…
Read 6 tweets
Tim Mak Profile picture
22 Sep
I started noticing this trend of TikTokers obsessively following Nancy Pelosi's stock trading disclosures -- and fell into this crazy world where retail investors are mimicking Congressional stock trades:

npr.org/2021/09/21/103…
This isn't a one-off or a fad: people really are buying stocks based on what they see in House/Senate stock disclosures, per research done by a prof at Augusta University.

He found stocks prices got a bump after purchases were disclosed by Congress

npr.org/2021/09/21/103…
There are apps where you can get a push notification every time Pelosi's trading disclosures are released.

"I'm at the point where if you can't beat them, join them," said the app creator.

npr.org/2021/09/21/103…
Read 8 tweets
Tim Mak Profile picture
18 Aug
THREAD: In order to renew their license to fundraise in N Carolina, the NRA had to file a financial statement, which they labeled a 'draft'

The figures in that document show just how far the NRA has fallen since its peak in 2016.
With the NRA, hard to compare apples to apple because you need two presidential years to make a good comparison.

Revenue and spending typically rise in presidential cycles as members/donors get activated.

But from 2016 to 2020, NRA dramatically shrunk in both revenue/spending
Let's take a look at revenue:

In 2016, the NRA took in approx $378 million, including $163.5 million in membership dues.

In 2020, revenue was $284 million, with $119.7 million in dues.
Read 6 tweets
Tim Mak Profile picture
28 Jun
NEW: With dozens of alleged Proud Boys members charged for Jan 6 actions and news that he had been a federal informant National Proud Boys chairman Enrique Tarrio tells me he'll be stepping down from that role in September.

npr.org/2021/06/28/101…
Tarrio said he will be stepping aside from his national role in the Proud Boys to focus on his local chapter in Miami.

In fact, one of his top priorities for this year has been to encourage Proud Boys to run in local city council or GOP races.

npr.org/2021/06/28/101…
Enrique Tarrio confirmed that he did run a t-shirt business that sold 'Black Lives Matter' merchandise, claiming this not as a sign of financial desperation but a sly prank in which Proud Boys earned beer money through BLM t-shirts

npr.org/2021/06/28/101…
Read 4 tweets
Tim Mak Profile picture
11 May
NEW: A federal judge has dismissed the NRA's bankruptcy case, finding that the NRA was just using the bankruptcy as a vehicle to avoid the New York AG's attempt to dissolve it for alleged corruption
The federal judge said the NRA did not file the bankruptcy case in good faith, and "agrees with the NYAG that the NRA is using this bankruptcy case to address a regulatory enforcement problem, not a financial one."
The end result in this effort to avoid the New York AG?

-NRA spent millions of dollars on a bankruptcy trial (they've spent $72 MILLION in less than three years in legal fees)

-Their embarrassing dirty laundry is aired for the public

-They're right back where they started
Read 9 tweets
Tim Mak Profile picture
27 Apr
Oh wow the Wayne LaPierre elephant hunting video leaked.

The video is referenced in litigation but has never been seen before -- it shows Wayne and his wife killing two elephants in Botswana.

The video is graphic:

newyorker.com/news/news-desk…
One thing you notice from the video is how panicked and incompetent Wayne LaPierre seems with a firearm despite some 40 years with the NRA.
After several attempts at killing an apparently wounded elephant at near-point blank range, Wayne LaPierre continually misses the target his guide is directing him towards.

His friend had to take the final shot.
Read 6 tweets

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