Sen. David Perdue of Georgia bought stock in a company that produces personal protective equipment the same day the Senate received a classified briefing on the spread of the novel coronavirus, The Atlanta Journal-Constitution reported.
Perdue isn't the first US lawmaker to face scrutiny over financial activity that took place around the time senators were being privately briefed on the spread of the disease.Sen. David Perdue of Georgia bought stock in DuPont de Nemours, a chemical company that produces personal protective equipment , on the same day the Senate received a classified briefing on the spread of the novel coronavirus, The Atlanta Journal-Constitution reported on Monday.
Perdue's disclosure form lists 112 transactions, 82 of which were made on March 3. Seventy-six were stock purchases of as much as $1.8 million. The report also documents 34 stock sales worth as much as $825,000. The Journal-Constitution reported that Perdue's portfolio activity from March onward was three times busier than it was in the last 13-month period before the coronavirus hit the United States.
Perdue isn't the first lawmaker to face questions about his trading activity in the wake of the outbreak. His counterpart in Georgia, Sen. Kelly Loeffler, sold off shares following the closed-door briefing on January 24. Sen. Richard Burr of North Carolina also unloaded stocks in the weeks after the briefing.
The senators added, however, that, "Thankfully, the United States today is better prepared than ever before to face emerging public health threats, like the coronavirus, in large part due to the work of the Senate Health Committee, Congress, and the Trump Administration.", he started dumping stock on February 13, six days after writing that op-ed.
So the more people get infected in state of Georgia and the whole US, the more PPE healthcare providers need, the more money he makes. Make sense why GOP pushes for opening the country. it is all about the money
What !!!
sendavidperdue this is pretty despicable.. Shame on you
NICE JOB DAVE. SO NOW WHEN YOU TALK TO JESUS TOMORROW WHAT ARE YOU GONA TELL HIM? BAD BOY DAVID BAD BOY, NOW TRY SOMETHING NEW TOMORROW...... GET ON YOUR KNEES AND REPENT!
johnhollinger Smart move, I bet you all wish you did the same in mid to late January when infections in China were doubling every few days.
HillBeverlyhill Resign!!
April 4, 2008 via _newspapers
SenatorDavidPerdueKnew
Of course he did because every GOP mfer in this state is a Crook
sendavidperdue did you get your stock tip from KLoeffler ?
beinggerric Because of course he did ....
'my stockbroker said all his indicators flashed buy on that day and it touched the .236 fib'
Rampant politcal corruption in Georgia. Just peachy.
🤔➡️🤭
the swamp
Leticia17922167 Keep it up! DOJPH U will find yourself in front of a congressional hearing & ur butts in JAIL! GOT THAT TrumpLiesAmericansDie
georgia
alexkotch Corruption is on brand republican
TrueFactsStated Thief.
billhorgan2005 did he dump stocks too.? use up all that money to buy PPE company stock.?
Politicians shouldn’t be allowed to own stocks. It’s a conflict of interest
TNsmartgal Hmmm, Southern Republican?
Corruption is rampant in the WH. republicans = criminals.
Eykis Boy, these Georgia Senators are almost as good as Kentucky’s.
pitacom and will suffer no repercussions
MAGA will just wonder and wonder how to restore confidence in markets. How? What can we do so average investors will trust markets? I just don't know!
JeremyHubbard Prison
liberalpuppy Another soulless, corrupt Republican. Every single GOP Republican would kill you to make a buck. RepJeffDuncan LindseyGrahamSC SenatorTimScott
MrJonCryer Surprised? Anyone? ANYONE?!?!?
worldci46846791 Both Georgia Senators are dirty. Typical Red State BS.
PatchesandBo He’s as rotten as the come 🤬
I hope the next administration and Congress will address this issue and track each and every one of these ***holes down and makes them face the music
PlzSaNo2FoxNews 'Whoa this virus is going to be huge, hosptials are going to burn through basics....better invest in those stocks and keep quite so no one beats me to it' Georgia pols hate the people of Georgia.
An3ita5 Frickin republican lack of moral fiber is astounding. The only other group of people who come to mind are the Nazis.
AriesSunGoddess Republicans are full of crooked deals.
OnAirWill They didn't want to do anything to protect & provide for our citizens. All they wanted to do was take care of their personal finances!
This is odd: Perdue and Loeffler are both alleged to have bought DuPont stock on the same day as the briefing. DuPont does not make the PPE hospitals use most in the pandemic. How would they independently reach the conclusion to buy DuPont? (And its stock price isn’t up)
Was this during the impeachment trial?
What’s wrong with a man taking advantage of the situation?
If you gave a Republican a choice that he would make $80 million in a company but it would mean the death of 10% of his constituents plus several family members, there is no question in anyone's mind he would do it. In fact, he'd negotiate 20% dead for $100M.
TrueFactsStated And another one
nycsouthpaw Capitalism OUT of US Healthcare!
Kiwi19841 New rule: Anyone who doesn’t enter politics to enrich themselves is a fool.
nycsouthpaw
Isn't this what the kind of thing the SEC was set up to prosecute? I won't be surprised if nothing happens about this
simple, keep the State of Georgia open = more Medical Supply Sales later....
TrueFactsStated Comrades from Georgiastan are particularly clever stock pickers.
Meh. I've been following this since late January when the death toll globally was 18. He actually came to the game late. The rest is taking advantage of having money to throw around.
simple, keep the State of Georgia open = more Medical Supply Sales later....
unfuckingbelievable
cc SpeakerPelosi OversightDems RepAdamSchiff RepMaxineWaters weareoversight CREWcrew
TrueFactsStated Another GOP slimeball. Just business as usual for these guys and why not? Nobody is doing shit about it
TrueFactsStated Ffs they are all corrupt its sickening they get away with it.
TrueFactsStated VOTE HIM OUT
Remember how the other insider trading senators still have jobs because america is broken and laws dont mean anything anymore?
jean_mumford Corruption
SusanHershSmith SenateGOP are happy to let people die if they can make another buck. We should know this, denying healthcare to as many as they can, showed us this already. Trump just says out loud what most of the current GOP stands for.
nicoleanneliz How many others recieved privileged inside stock information?
GOPBetrayedAmerica
👀👀👀
youngallison63 Wow! Another coincidence! Stunning! Isn’t it? F’ing bastards downplayed in public., while hedging against what was to come
It’s all about money for Republicans. Never mind American lives. If we don’t vote all of them out, it would be our fault.
He needs to go to prison.
Shameful, but how come senators doing biz is not illegal?
RiskyLiberal OMG
Republicans are the 1%ers. The rest of us are the 99%. That's why they love to suppress voting, it's 99% vs 1%. Don't let them get away with it! Vote in droves! Did they let you know to buy PPE manufacturers back in January? Or to sell everything else? Nope, kept that secret.
G O P = Greed Over People
🙃🙃
GrossObviousProfiteers RepublicansLiedAmericansDied GOPisDEADtoME RepublicansAreKillingAmericans CoronaGenocide PresidentSmallPox DeathCountDonald CrimesAgainstHumanity CrimesAgainstAmericans NegligentGenocide GOPKillsVoters RESIST BlueWave2020
HebrewMexican .CNN
HebrewMexican .HouseDemocrats SEC_Investor_Ed SEC_News the republicans just scrambled to buy up and sell amid the COVID19 briefing in January 2020. Their activities are on record and should be voted out. Trump chose to delay action and lie to America that it wasn’t going to be a big deal
sendavidperdue i hope they put you in prison for a long time you POS
Add him to the list of Senators being investigated.
Another opportunist. Take him out !!!!!
These sleazy vultures
Grifter.
The GOP made a decision when he won in 2016. They knew this was a limited time deal. Push as many judges as possible, overturn kooi p the ACA & Roe v Wade, destroy the credibility of the Federal Government, l
More reprehensible behavior from the GOP. This is clearly immoral and borders on traitorous. Loeffler and Burr are just as repugnant.
CoralReef84 That my friend is insider trading and the FEC better investigate your as.
Trumpnado2016 I sure hope he loses his seat
Another corrupt politician? Shocking!!
DermotMCole More Republican corruption!
They’re all in on it. LockHimUp LockThemAllUp DoNotPassGo GoDirectlyToJail InsiderTrading Yet another insidertraitor. AmericanGreed
Isn’t this a representative of the same state where the governor claims he only learned the virus had an asymptomatic period THREE DAYS AGO?
sounds like the man was an inside investor as theRealKiyosaki calls them in his book guide to investing.
swampy LockHimUp
All the GOP wants to profit off of American death. And should be prosecuted as murderers. TrumpPandemic TrumpLiesAmericansDie TrumpDeath RepublicansAreKillingUs
Let’s get that bread! SenatorLoeffler sendavidperdue
Lock all these cats up and throw away the key.
kwaters2008 Itmfa
jbouie Theses people are evil
blood of americans on his hands
FedUpSr1 SenateGOP THIS WAS NEVER A HOAX AND YOU KNEW IT. 367,629 Covid 19 cases in the U.S.A. 10,941 deaths and climbing RepublicansAreDestroyingAmerica
hot tip
Vote em out Georgie.
susanbrandon96 Communist asset not a senator for my GA👠🇺🇸
Guess there’s a Georgia Senator who’s getting a Presidential Medal of Freedom!
MAGAGarbage
Vote ossoff! Get rid of this prick
nycsouthpaw Oh. Subtle.
nycsouthpaw Apparently both GA senators are crooks
nycsouthpaw sendavidperdue deplorable
He's obviously an investor in growth stocks.
Republicans to InsiderTrading are like flies to shit. WorstPresidentInHistory, WorstAdministrationEver, and WorstRepublicansInExistence
nycsouthpaw Criminal!
MrJonCryer What worries me is that they knew they'd be found out & were confident they'd get away with it which only happens if their party stays in power.
'Thankfully, the United States today is better prepared than ever before to face emerging public health threats, like the coronavirus, in large part due to the work of the Senate Health Committee, Congress, and the Trump Administration.'
nycsouthpaw Dayum!
DianneDtl PPE needs to be free. Especially now.
nycsouthpaw
nycsouthpaw What a wizard.
nycsouthpaw Oh come on, they're not even trying to hide it anymore. They don't care.
wow another lucky guess by a senator's stockbroker amazing
JRP__1994 BenjaminPDixon ZaidJilani
I am sure that is just a bizarre coincidence... Right? Right? I’m not buying it either
Oh good. Both my Senators are crooks
Move on, nothing to see here. ghouls vampires
Wtf Georgia
Chinchillazllla Man the swamp is full.
Wonder what party he represents 🙄
He needs to be coughed on.
JoyAnnReid maddow chrislhayes NicolleDWallace AliVelshi AriMelber MaddowBlog mitchellreports SRuhle ChrisJansing jaketapper RichardLui Lawrence wolfblitzer ChrisCuomo andersoncooper craigmelvin KatyTurNBC chucktodd kasie DanaBashCNN MSM INVESTIGATE NOW! FFS
bader_diedrich These people are scum and a big chunk of the electorate is really stupid
bader_diedrich How is this wrong? Let me count the ways...
bader_diedrich Another senator cashes out their guillotine insurance.
So who’s gonna pursue charges for all the insider trading ?
legalCAT10 Corruption and greed!
All of their asses are going to jail.
NilesGApol 🤡🤡🤡
Boo!
Oh look, DaddyIce2! You get to troll the other senator, too!
If you drain all the water out of the swamp, all that’s left will be GOP Senators and Congresspeople. Telling your constituents was going to be your next call, but you had to get with your broker first?
Are you shitting me?!?!
These Senators are using inside info again.
Crooks
And Washington wonders why the People don’t trust politicians 🙄
SEC!!!!
Investigate and then prosecute. Being in office doesn’t mean you’re above the law.
Crook. Lock him up !
Just another innocent coincidence, I’m sure.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »