Home / General / “15 minutes after the Challenger blew up he’s selling NASA stock short”

“15 minutes after the Challenger blew up he’s selling NASA stock short”

Comments
/
/
/
1291 Views

Give David Perdue this, he’s never seen a deadly tragedy he can’t turn into a quick buck:

US Sen. David Perdue (R-Ga.) bought and sold stock in at least one medical device company whose price jumped even as Congress was trying to manage the opioid crisis

Records reviewed by 11Alive News show that Perdue made substantial profits from the metro Atlanta company’s stock as landmark opioid legislation was passing through Congress. 

Perdue has come under fire for much of this year for his stock trades at the start of the coronavirus pandemic.  These trades indicate Perdue made thousands of dollars in stock profits during the opioid crisis as well.

In related news:

An examination of Mr. Perdue’s stock trading during his six years in office reveals that he has been the Senate’s most prolific stock trader by far, sometimes reporting 20 or more transactions in a single day.

The Times analyzed data compiled by Senate Stock Watcher, a nonpartisan website that aggregates publicly available information on lawmakers’ trading, and found that Mr. Perdue’s transactions accounted for nearly a third of all senators’ trades reported in the past six years. His 2,596 trades, mostly in stocks but also in bonds and funds, roughly equal the combined trading volume of the next five most active traders in the Senate.

The data also shows the breadth of trades Mr. Perdue made in 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.

Nearly half of Mr. Perdue’s FireEye trades, for example, occurred while he sat on the cybersecurity panel, a role that potentially could have provided him with nonpublic information about companies like FireEye. During that period, FireEye landed a subcontract worth more than $30 million with the Army Cyber Command, which had operations at Fort Gordon, in Mr. Perdue’s home state. In 2018, Mr. Perdue reported capital gains of up to $15,000 from FireEye trades.

I don’t think a fateful meeting in Central Park is forthcoming, but at least Georgians can vote the crook out.

  • Facebook
  • Twitter
  • Google+
  • Linkedin
  • Pinterest
It is main inner container footer text