Senator David Perdue (R-GA.) has been cleared of wrongdoing after three separate investigations into his stock trades.
According to The Washington Free Beacon:
The Department of Justice, Securities and Exchange Commission, and Senate Ethics Committee concluded over the summer that Perdue engaged in no wrongdoing with his stock purchases and sell-offs earlier this year, which drew charges he profited from insider information about the pandemic.
A Perdue official told the Washington Free Beacon the probes into Perdue occurred after investigators looked into similar stock transactions by Sen. Kelly Loeffler (R., Ga.), Sen. Dianne Feinstein (D., Calif.), Sen. Richard Burr (R., N.C.), and other lawmakers.
Perdue’s opponent Jon Ossoff and Democratic allies have made Perdue’s trades a centerpiece of their attacks. One Ossoff ad implied Perdue attended a private Jan. 24 Senate briefing on coronavirus and then “lined his own pockets,” although Perdue was not present at that briefing. Another ad from the Democrat-aligned Senate Majority PAC called Perdue “sleazy.” Ossoff, who runs an investigative journalism documentary company based in London, often cites his battles against corruption as a selling point for his campaign.
Critics pointed to Perdue’s purchase of stock in a chemical company that supplies personal protective equipment and his sale of casino stock earlier this year. However, he also sold stock in the grocery store Kroger and invested in the clothing store Urban Outfitters shortly before it closed, both moves that contradict charges he used the pandemic to his advantage, the Atlanta-Journal Constitution reported. Perdue’s team said he cooperated fully with investigations into his finances and all of his stock trades were handled by third-party advisers.
A new ad will air from Perdue slamming Ossoff and Senator Chuck Schumer for “lying.”
The Perdue campaign also slammed Ossoff for making movies for Al-Jazeera and other foreign based companies.
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