Help Move Georgia Forward
A FINRA official paid Perdue $1.8 million for his D.C. townhouse after the organization lobbied the Senate on a bill overseen by Senate Banking Committee
ATLANTA — A new ProPublica report revealed that Senator David Perdue sold his home in an off market deal to a finance industry official whose organization was lobbying the Senate at the time of the sale. Four local real estate experts said the price Perdue garnered for the home “seemed high” and a congressional ethics expert said Perdue’s private sale to someone whose organization he oversaw in the Senate “raises serious suspicions” as to whether the sale was above market value, which “would be a violation of his ethical obligations and an opportunity for those with business pending before Perdue’s committee to curry favor.”
Perdue has faced intense scrutiny for several “sordid financial abuses” as a host of corrupt stock trading scandals have plagued his campaign and a recent bombshell New York Times investigation revealed Perdue instructed his wealth manager to “sell a little more than $1 million worth” of stocks, despite Perdue insisting his stock trades were “handled by advisers who operated independently and without [his] input.”
“Georgians do not trust Senator Perdue to get things done for working people in Washington because he’s constantly working to enrich himself while in office,” said Braxton Brewington, spokesman for the Democratic Party of Georgia. “Whether it’s trading stocks in industries he oversaw or making off-market real estate deals, his clear priority is to line his own pockets, not fight for Georgia families.”
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November 26, 2024
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