EDMOND, Okla. — U.S. Sen. Jim Inhofe (R-Oklahoma) denies that he personally ordered the selling of his stocks soon before coronavirus scares fueled a downward spiral in the stock market.
“I didn’t do it. I wasn’t guilty of it, and I have the proof of that,” Inhofe told The Edmond Sun on Tuesday.
The Oklahoma Republican is one of four U.S. senators identified by The New York Times as attending a classified Senate briefing about the coronavirus spread. The meeting was held at 10:30 a.m. Jan. 24, 2020.
But Inhofe, 85, said he did not attend the meeting, and has a government photo proving he was speaking at a pro-life rally at the time. Inhofe also told “The Frontier” in a story published in The Edmond Sun Wednesday that he was not in attendance at the meeting.
“When you take an official picture here in Washington, at the top of the page it shows where it was taken, the date and the exact time,” Inhofe said.
He denied dumping stocks that reportedly saved him between $68,624 and $136,289.
“That could very well be the amount, but I wouldn’t know it,” Inhofe said.
Inhofe has already sold control over every stock he had, he said. Inhofe explained he was named chairman of the Senate Armed Services Committee in September 2018. He was scrutinized at the time for purchasing Raytheon stocks reportedly valued between $50,000 and $100,000. In December 2018 he instructed Capital Advisors to place all of his stocks in mutual funds, he said.
Stocks owned by Senators Kelly Loeffler (R-Georgia), Dianne Feinstein (D-California), and Richard Burr, (R-North Carolina) were reportedly sold within days of the classified briefing on Jan. 24.