A bombshell story from the New York Times reports an explosive detail that former corporate CEO and Senator David Perdue personally “instructed” his wealth manager to make the stock trades that prompted an investigation by the Justice Department and the FBI — directly contradicting Perdue’s repeated claims that he is “not involved” in his trades. The news came just hours after a major AP investigation into Senator Perdue’s “suspicious” stock transactions in Cardlytics, a Georgia-based financial tech company.
According to the Times, a person familiar with the senator’s Goldman Sachs money management arrangements said “Perdue retained some degree of discretion over which trades were made and when.” Perdue’s wealth manager declined to comment. This information directly contradicts the Perdue team’s repeated public response for months that the senator had no input on his financial transactions. A longtime former corporate insider and one of the wealthiest members of the Senate, Perdue “has been one of the most active traders on Capitol Hill.”
“Not only is Senator Perdue a crook fending off federal criminal investigations as he runs for re-election, he’s been lying to voters and the press all year about his financial arrangements to try to cover it up,” said DSCC spokesperson Helen Kalla. “While Senator Perdue put his stock portfolio first, he’s repeatedly fought to oppose relief for working Georgians during this pandemic. Senator Perdue is clearly in Washington for himself, not the Georgia families he’s supposed to serve.”
By Katie Benner, Adam Goldman, Nicholas Fandos and Kate Kelly
November 25, 2020
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