Perdue’s Stock Trading Scandal Escalates With Growing Reports Of Suspicious Transactions, Federal Criminal Investigation, Lies To Georgia Voters

Recent Reporting Spotlighted Senator David Perdue’s “Suspicious” Stock Trading That Prompted DOJ Inquiry And Exposed His Direct Personal Involvement In Trading Decisions

Senator David Perdue is facing a fresh wave of scrutiny in recent days over his escalating stock trading scandal as new evidence emerges of the corporate insider’s self-dealing and enriching himself in Washington.

• A bombshell Associated Press investigation found that Perdue made “suspicious” stock transactions this year when he 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.” Those shares have now quadrupled in value. Perdue previously served on the company’s board for years.

• Then, an explosive New York Times story revealed Perdue personally “instructed” his wealth manager at Goldman Sachs to dump the Cardlytics stock two days after receiving an email from the company CEO mentioning “upcoming changes,” which prompted a federal criminal investigation by the Department of Justice and the FBI.

• A new analysis from The Daily Beast exposed how Perdue had been caught in an egregious lie after saying for months he was “not involved” in trading decisions. Retaining personal control over trades “flies in the face of Perdue’s repeated insistence that he has no input whatsoever over his considerable investment portfolio.”

• The drip-drip-drip continued this weekend: Salon reported that Perdue has traded hundreds of thousands of dollars worth of banking stocks while serving on the Senate Banking Committee and sponsoring pro-Wall Street legislation.

“The past week has reminded voters exactly who Senator Perdue has become over the past six years in Washington: a crook fending off federal criminal investigations who’s been lying to Georgians to try to cover it all up,” said DSCC spokesperson Helen Kalla. “Georgians deserve better than a senator who lies to voters about his personal finances because his top concern in public office is himself.”

With early voting starting in just two weeks, Senator Perdue is entering the final stretch of this competitive runoff facing increasingly brutal media coverage and mounting questions about his pattern of shady stock trades.

Read the latest headlines on Perdue’s growing stock trading scandal:

• Associated Press: Ga. Sen. Perdue boosts wealth with well-timed stock trades
• New York Times: Stock Trades by Senator Perdue Said to Have Prompted Justice Dept. Inquiry
• The Daily Beast: Sen. Perdue Insisted He Had No Input At All On Stock Buys. New Evidence Shows He Did.
• Atlanta Journal-Constitution: New questions surface about David Perdue’s involvement in stock trades
• 11Alive: Report offers new details on Sen. Perdue’s stock trades
• CNN: New York Times: Justice Department probed Georgia Sen. David Perdue’s stock sales at beginning of pandemic
• Reuters: Stock trades by Senator Perdue said to have prompted DoJ Inquiry – NYT
• Forbes: Sen. David Perdue Faces Renewed Scrutiny Over Stock Trades
• Newsweek: Georgia GOP Sen. Perdue Quadrupled Stock Value by Selling Millions Before COVID Crash, Then Buying Back Weeks Later
• Salon: Perdue traded hundreds of thousands worth of bank stocks while on Senate Banking Committee
• Mother Jones: Perdue and Loeffler’s Well-Timed Stock Trades Give Georgia Democrats an Opening
• MSNBC: Key Senate Republican faces questions about well-timed investments 

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