A new Atlanta Journal-Constitution report shows that Georgia’s other Republican senator also made a series of well-timed stock trades as “the markets took a turn for the worse” and Georgia unemployment claims skyrocketed. Senator David Perdue engaged in “heavy trading” of up to seven figures in stocks, which represented a “nearly threefold” increase in his portfolio activity compared to the previous 13-month period.
Among the investments Perdue made were in DuPont, “a chemical company that supplies personal protective equipment used by people trying to avoid exposure to the virus,” beginning the very same day as a private January all-senators coronavirus briefing, and in Netflix as millions of Americans have been stuck at home under shelter-in-place orders. Perdue also continued to sell shares in Caesars Entertainment while the casino industry has suffered major losses amid the pandemic.
Like his fellow Georgia senator Kelly Loeffler, Perdue has insisted that his trades are handled by “third-party advisors” without his knowledge, but has yet to provide any proof that he plays no role in his trades.
Atlanta Journal-Constitution: David Perdue’s stock trading saw an uptick as coronavirus took hold
By Tia Mitchell
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