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Perdue is one of the “most active traders in Congress” and has “rejected the use of a blind trust for his assets”
ATLANTA — A damaging new report revealed that right before Senator David Perdue became chairman of a Senate subcommittee with jurisdiction over the U.S. Navy, Perdue began “buying up stock in a company that made submarine parts.” Then, after helping shape legislation that directed Navy funding for one of the company’s products, he sold off the stock, earning him “tens of thousands of dollars in profits.”
Ethics experts criticized Perdue’s “unusual” trades, saying they create “the appearance of a conflict of interest” and “leave broader questions about whether he was profiting off his legislative activity.”
This is just Perdue’s latest stock trading scandal this year –– after the Senate received a private briefing on the deadly effects of the coronavirus, Perdue came under fire for trading stocks early on in the pandemic and investing in “a chemical company that supplies personal protective equipment.”
Perdue was later exposed for more “suspicious trading” when he pushed to water down regulations on prepaid debit cards and then “acquir[ed] stock in a company that stood to benefit from the rollback of those regulations.” Experts said Perdue’s “perfectly timed” stock acquisitions were akin to “batting 100 percent” and that Perdue’s pattern of stock purchases “stinks to high heaven.”
“The decisions Senator Perdue makes in Washington consistently appear to be based on his own personal profit rather than what will help Georgians,” said Braxton Brewington, spokesman for the Democratic Party of Georgia. “Perdue has repeatedly put his stock portfolio ahead of working Georgians, that’s why Georgia voters will reject his shameful, corrupt agenda in January.”
Daily Beast: Sen. Perdue Helped Defense Contractor—and Sold Off Its Stock
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October 7, 2024
October 4, 2024
October 4, 2024