Kelly Lynn Loeffler is an American politician serving as the senior United States Senator from Georgia since 2020. She was investigated in connection with the 2020 congressional insider trading scandal after selling stock in companies vulnerable to the COVID-19 pandemic. She finished second in the November 3 election, advancing to a runoff with Democrat Raphael Warnock scheduled for January 5, 2021.
About Kelly Loeffler in brief
Kelly Lynn Loeffler is an American politician serving as the senior United States Senator from Georgia since 2020. She was investigated in connection with the 2020 congressional insider trading scandal after selling stock in companies vulnerable to the COVID-19 pandemic. She finished second in the November 3 election, advancing to a runoff with Democrat Raphael Warnock scheduled for January 5, 2021. She has strongly aligned herself to President Donald Trump and touted her \”100 percent Trump voting record\” during the campaign. In 2010, she bought a minority stake in the Atlanta Dream of the Women’s National Basketball Association. In 2011, she and Mary Brock bought the team from Kathy Betty. She financed her graduate school tuition by mortgaging land inherited from her grandparents. After earning her MBA, she worked for Citibank, William Blair & Company, and the Crossroads Group. In 2002, she joined Intercontinental Exchange, a commodity and financial service provider, in investor relations. She married the firm’s CEO, Jeffrey Sprecher, in 2004. In 2018, she became the chief executive officer of Bakkt, a subsidiary of Inter Continental Exchange. According to Salon, in 2009, she helped Intercontinental exchange to establish and market a credit default swap clearinghouse in the Cayman Islands as an offshore tax haven. In May, Loefler and her husband gave his husband USD 1 million to a 2020 presidential campaign super PAC supporting former Governor Mitt Romney’s 2012 presidential campaign.
The Republican National Committee received USD 247,500 from the couple. The RNC received USD 10,200,000 from Loe fffler in 2012. In 2013, she donated USD 750,000 to Restore Our Future, a superPAC supporting former gubernatorial candidate David Scott’s 2012 reelection bid. In 2012, she gave her husband $1.5 million to the Republican Party of Georgia. In 2014, she was awarded over USD 9 million of financial assets by Intercontinental exchanges. When she left the company to join the Senate, the company awarded her over USD9 million offinancial assets. A spokesperson for Loe Fffler said she had left millions in equity compensation behind by joining the Senate. She is a member of the Alpha Gamma Delta sorority and is a former member of DePaul University’s Kellstadt Graduate School of Business. Her husband, Jeffrey, has donated USD 2 million to political committees supporting Republicans, including Hillary Clinton, Chris Dodd, Debbie Stabenow, and Georgia Congressman David Scott. The couple has two children, a son, and a daughter-in-law. She lives with her husband in Atlanta, Georgia, where she works as a marketing consultant and owns a small investment company. She also has a daughter, who lives in Atlanta with her mother, Mary Brock, and has a son who also works for the NBA’s Atlanta Dream. She and husband Jeffrey have a son named Jeffrey, who is also a managing director at Bakkt. In 2008, she sold her stake in Bakkt to Mary Brock for $1 million.
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