DSCC - Democratic Senatorial Campaign Committee

12/03/2020 | Press release | Distributed by Public on 12/03/2020 10:19

Perdue’s No Good, Very Bad Stock Trading Scandal Keeps Getting Worse

December 3, 2020 Press Releases

New Reporting Reveals Even More of Perdue's Extensive Shady Self-Dealing and Suspicious, Well-Timed Stock Trades

Senator David Perdue is facing continued scrutiny over his extensive record of suspiciously timed stock trades as 'the Senate's most prolific stock trader by far.' A fresh wave of new reporting dives further into the ultra-wealthy former corporate insider's 'numerous well-timed trades,' raising even more questions about Perdue's conflicts of interests and the potential for insider trading.

Take a look at the most recent incriminating coverage of Perdue's crooked behavior:

  • The New York Times investigated Perdue's stock trading during his six years in office and 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.'
  • Salon detailed how Perdue bought Pfizer stock one week before the pharmaceutical company announced it would develop a vaccine, raising 'new questions about what the senator knew and when.'
  • Fox 5 in Atlanta reported that Perdue pushed legislation that would help regional banks like Regions Financial while he loaded up on stock in the bank. And when the TV station asked if there was any ethical problem with Perdue's trading, one local ethics expert bluntly stated that 'the short answer… is yes.'

The extensive new reporting on Perdue's shady conduct follows 'an onslaught of news stories about the timing of his stocks trades,' which prompted a federal criminal investigation this year and exposed his lies about his direct personal involvement in directing trading decisions. With early voting starting in less than 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 suspicious stock transactions.

Here's what Georgians are reading about Perdue's flagrant self-dealing and political corruption:

New York Times: 2,596 Trades in One Term: Inside Senator Perdue's Stock Portfolio

Salon: David Perdue bought Pfizer stock - a week before company said it would develop a vaccine

Fox 5 Atlanta: Sen. David Perdue bought stock in bank that was helped by legislation he backed

Daily Beast: Sen. Perdue Bought Up Stock in Cybersecurity Company While Sitting on Cybersecurity Panel

Washington Post (Analysis): What we know about David Perdue's stock trades

Fox News: Records show Perdue stock trades not made by outside adviser: report

Washington Post (Opinion): David Perdue has troubles

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

Daily Beast: Sen. Perdue Helped Defense Contractor-and Sold Off Its Stock

AJC: Reports say Perdue sought to boost campaign donors and company in which he purchased stock

Atlanta Voice: Report: Sen. Perdue supported defense contractor and later sold stock

New York Times: David Perdue profited from a Navy contractor's stock while overseeing the Naval fleet

Reuters: Perdue traded in Navy contractor stock as he took over Senate armed services panel: filings

Washington Examiner: David Perdue traded Navy contractor's stock as he became Senate sea subcommittee chairman

Salon: Exclusive: Watchdog files complaint with SEC accusing GOP Sen. David Perdue of insider trading

New York Magazine: David Perdue Hit With More Allegations of Shady Stock Transactions