Velvet Celebrity Digest

Fresh star stories with a cool online feel.

This is not to say Senator Kelly Loeffler hasn't been plagued by rich people problems. She appeared on the Department of Justice's radar last year after she received an early briefing on the coronavirus pandemic in early 2020, and became one of a number of senators who sold off stocks before the market crashed, which meant she was insulated from losses, which would have arisen when the market tanked. Newsweek said she had ditched more than $20 million in shares between late January and March, but she claimed the trades were made by financial advisors, and she didn't know about the moves to liquidate her holdings. The DOJ later closed the investigation.

Loeffler also struggled with another asset — the WNBA Atlanta Dream team — which she co-owns. She had earlier tried to get the league to drop its support of the Black Lives Matter Movement in a controversial statement where she said, "The truth is, we need less — not more politics in sports. In a time when polarizing politics is as divisive as ever, sports has the power to be a unifying antidote. And now more than ever, we should be united in our goal to remove politics from sports," in a letter to WNBA Commissioner Cathy Engelbert last August. The call was soundly rejected, and Loeffler is no longer involved in the daily operations of the team.