A breaking New York Times investigation into Senator David Perdue’s stock trading found that the breadth of questionable transactions included numerous “companies that stood to benefit from policy and spending matters that came not just before the Senate as a whole, but before the committees and subcommittees on which he served.”
The New York Times’ examination follows a series of bombshell reports outlining Perdue’s “suspicious” stock trading that prompted a federal criminal investigation this year and exposed his direct personal involvement in trading decisions. The Times detailed Perdue’s “numerous well-timed trades,” focusing on transactions “involving industries that were within his direct oversight through his committee positions.” Perdue’s suspicious conduct invites even more questions about his conflicts of interests and the potential for insider trading that arises “when members of powerful congressional committees buy and sell shares of companies directly affected by the issues before them.”
During his six years in public office, Perdue “has been the Senate’s most prolific stock trader by far, sometimes reporting 20 or more transactions in a single day.” According to the Times’ analysis, Perdue’s stock transactions “accounted for nearly a third of all Senate trades reported in the past six years” and his 2,596 trades “roughly equal the combined trading volume of the next five most active traders in the Senate.”
“The drip, drip, drip of corruption continues for Senator David Perdue, who continues to be exposed as an unethical Washington politician,” said DSCC spokesperson Shea Necheles. “Over the last six years, Senator Perdue has been more focused on enriching himself in Washington than delivering for Georgians. It’s blatant corruption, and when Georgians have their final say at the ballot box, Senator Perdue will no longer be able to abuse his office for shady self-dealing and crooked behavior.”
New York Times: 2,596 Trades in One Term: Inside Senator Perdue’s Stock Portfolio
By Stephanie Saul, Kate Kelly and Michael LaForgia
December 2, 2020
Key Points:
Read the full investigation here.
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