Wow.We write today to renew our call for an investigation into Senator David Perdue’s stock trades in light of new evidence that Senator Perdue has been lying to the media and possibly federal investigators about his stock transactions. While Senator Perdue has repeatedly insisted he has no direct control over his stock transactions, new evidence suggests that he has personally directed his wealth manager to sell stock after he received private information.
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According to the New York Times, Senator Perdue instructed his wealth manager at Goldman Sachs to sell stock in a company called Cardlytics shortly after Senator Perdue received private information about changes in the company from its then Chief Executive Officer.
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More specifically, while the Senator was publicly downplaying the dangers of the virus, he was privately purchasing stock in a company that makes Personal Protective Equipment (PPE). During this time period, Senator Perdue also sold stock in Caesars Entertainment, the gaming and entertainment conglomerate, shortly before they announced they would close properties across the United States due to the emerging pandemic. Then, after he attended a Senate Armed Services Committee hearing where the pandemic was discussed, Senator Perdue bought stock in Pfizer, a pharmaceutical company producing one of the COVID-19 vaccines.
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Recently, the Daily Beast reported that Senator Perdue abused his position as Chair of the Senate Armed Services Subcommittee on Seapower in an effort to enrich himself through the stock market. According to the Daily Beast, shortly before Senator Perdue was appointed as Chair of this subcommittee -- which holds oversight authority over the United States Navy -- he began purchasing stocks in a company, BWX, that produces submarine parts. Subsequently, as Chair, Perdue oversaw the drafting of legislation which awarded billions of dollars in federal contracts to BWX to produce submarine parts. Perdue then sold his stock in BWX as its stock price was rising after it received said federal contract.
American Democracy Legal Fund
...but hey, do what you want...you will anyway.
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