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Ten Months Ago Today: Perdue Buys Stock In PPE Supplier On Same Day As Private Senate Coronavirus Briefing
November 24, 2020
Perdue, who has “rejected the use of a blind trust for his assets,” bought stock in PPE supplier before publicly downplaying pandemic
ATLANTA — Ten months ago today, Senator David Perdue bought thousands of dollars worth of stock in a PPE supplier on the same day the Senate received a private briefing on the coronavirus pandemic.
Perdue then dumped casino shares and purchased pharmaceutical stocks before a “nearly threefold” increase in portfolio activity that came as he repeatedly echoed Trump’s downplaying of the threat of coronavirus, saying the risk of the virus remained low, the economic impact would be little, and even comparing COVID-19 to a bad flu season.
In keeping with his timely stock trading early in the pandemic, Perdue was later exposed for more “suspicious trading” when he pushed to water down regulations on prepaid debit cards and then “acquir[ed] stock in a company that stood to benefit from the rollback of those regulations.” Experts said Perdue’s “perfectly timed” stock acquisitions were akin to “batting 100 percent” and that Perdue’s pattern of stock purchases “stinks to high heaven.”
And just last week, another damaging report revealed that right before Senator David Perdue became chairman of a Senate subcommittee with jurisdiction over the U.S. Navy, Perdue began “buying up stock in a company that made submarine parts.” Then, he helped shape legislation that directed Navy funding for one of the company’s products and sold off the stock, earning him “tens of thousands of dollars in profits.”
“As coronavirus cases surge across the Peach State, Georgians will never forget how Senator Perdue put his stock portfolio before the safety and well-being of Georgia workers and families,” said Braxton Brewington, spokesman for the Democratic Party of Georgia. “David Perdue’s corrupt self-dealing has been exposed time and time again, which is exactly why voters will vote him out of office in January.”
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