Perdue traded in Navy contractor stock as he took over Senate armed services panel: filings

WASHINGTON (Reuters) – Republican Senator David Perdue, who is seeking reelection in one of two U.S. Senate races in Georgia, bought shares in a Navy contractor just before becoming chairman of a Senate armed services panel in 2019 and then sold the stock at a profit, Senate records show.

FILE PHOTO: U.S. Senator David Perdue (R-GA) meets with Judge Amy Coney Barrett (not pictured) , who has been nominated to the U.S. Supreme Court to fill the vacancy left by the death of Ruth Bader Ginsburg, on Capitol Hill in Washington, U.S., September 30, 2020. Anna Moneymaker/Pool via REUTERS/File Photo

A wealthy businessman, Perdue instructed his financial advisers to stop trading individual stocks in May after questions were raised in media reports about whether he used information learned in a closed-door Senate coronavirus briefing to benefit his investment portfolio.

Perdue said at the time he used an outside adviser to

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David Perdue traded Navy contractor’s stock as he became Senate sea subcommittee chairman

Sen. David Perdue traded stocks from a Navy contractor right about the time he was taking over as chairman of the Senate Armed Services Seapower Subcommittee.

The Georgia Republican, who faces a runoff next month in a bid to keep his seat, began purchasing stocks from BWX Technologies in 2018, shortly before becoming chairman of the subcommittee. He insisted that in using an outside adviser to manage his portfolio, he was not involved in the day-to-day decisions about trading his stocks.

Between February and July 2019, after he became chairman, Perdue reported selling those shares, which earned him between $15,000 and $50,000, according to his 2019 financial disclosure form. Because of the way lawmakers are required to report filings, the precise amount he garnered from these transactions is not publicly known, the Daily Beast reported on Thursday.

The report said Perdue never invested in BWX before these transactions took place.

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Perdue Traded in Navy Contractor Stock as He Took Over Senate Armed Services Panel: Filings | Top News

WASHINGTON (Reuters) – Republican Senator David Perdue, who is seeking reelection in one of two U.S. Senate races in Georgia, bought shares in a Navy contractor just before becoming chairman of a Senate armed services panel in 2019 and then sold the stock at a profit, Senate records show.

A wealthy businessman, Perdue instructed his financial advisers to stop trading individual stocks in May after questions were raised in media reports about whether he used information learned in a closed-door Senate coronavirus briefing to benefit his investment portfolio.

Perdue said at the time he used an outside adviser to manage his finances and was not involved in day-to-day decisions.

Perdue became chairman of the Senate Armed Services Subcommittee on Seapower in mid-January 2019, which plays a key role in determining spending on the Navy.

In the six weeks before he took the panel’s helm, Senate financial records show that Perdue

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1952 Ferrari that raced at Le Mans and once traded hands for $200 is up for sale

Auction house Mecum has a rare Ferrari listed for sale. While this isn’t out of the ordinary, the car which is worth millions traded hands as recently as 1990 for just $200.

The car is a 1952 Ferrari 340 America, of which just 24 were built. This one bears chassis number 0202A and sports a body by Italian coachbuilder Vignale. It also raced at the 1952 24 Hours of Le Mans, finishing fifth overall thanks to the efforts of Andre Simon and Lucien Vincent.

After it was done racing, the car made its way to the United States via importer Luigi Chinetti. It eventually ended up with an owner in Texas who, around the late 1950s, replaced its original 4.1-liter V-12 with a Chevrolet V-8.

1952 Ferrari 340 America chassis no. 0202A - Photo credit: Mecum

1952 Ferrari 340 America chassis no. 0202A – Photo credit: Mecum

Collecting Ferraris hadn’t become a thing yet, so there were more modifications made to

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