Just days after reports revealed that Senator David Perdue “engaged in conspicuously timed trading,” a new bombshell Associated Press report uncovered that Perdue made even more “suspicious” stock transactions this year. Senator Perdue dumped stock in the Georgia-based financial tech company Cardlytics right before its value tanked, and then bought back stock weeks later following the company’s “unexpected leadership shakeup.” The value of the stock has since quadrupled.
Before becoming a Senator, Perdue served on the board of Cardlytics and remains close with its executives – raising further questions about the “impeccable” timing of his stock trading that reaped this “stunning gain.” Legal experts told the AP that “the timing of his sale, the fact that he quickly bought Cardlytics stock back when it had lost two-thirds of its market value and his close ties to company officials all warrant scrutiny.”
“Senator Perdue continues to make clear he’s a self-serving politician whose only concern in Washington is enriching himself,” said DSCC spokesperson Helen Kalla. “For too long, Senator Perdue has refused to explain and answer for his shady self-dealing and flagrant corruption as he maneuvers for his own personal profit. As scrutiny grows of his suspicious transactions, Senator Perdue will have to answer to voters for putting his stock portfolio ahead of hardworking Georgia families during this pandemic.”
IN CASE YOU MISSED IT
Associated Press: With US in COVID-19 panic, Sen. Perdue saw stock opportunity
By Brian Slodysko and Richard Lardner
November 25, 2020
Key Points:
###
Next Post