David Perdue diverted military money to Trump s wall — while profiting from his own Pentagon bill – Raw Story rawstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rawstory.com Daily Mail and Mail on Sunday newspapers.
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Last month, Salon reported that a government accountability watchdog filed a federal complaint accusing Sen. David Perdue, one of two multimillionaire Georgia Republicans facing a tight runoff election, of possible insider trading, following reports that he appeared to use the power of his office to maximize his investments in a defense contractor.
At the same time, however, Perdue was also casting votes that would have deprived his home state of military funding.
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In the early months of 2019, Perdue, chair of the Senate Armed Services Subcommittee on Seapower, personally steered $4.7 billion to niche but lucrative submarine construction projects that boosted the company s stock. Shares rose more than 42% while Perdue worked on the bill, and he turned a neat profit when he sold.