After Insider Trading Probe, Loeffler Offers Donors Access In ‘Co-Investor Program’

TOPLINE

Senator Kelly Loeffler (R-Ga.), who is facing a tough reelection bid due in part to allegations of insider trading, is offering benefit packages featuring close access to top campaign donors with tiers of “board member,” “investor” and “shareholder,” according to a fundraising brochure obtained by the Daily Beast.

KEY FACTS

Chief Critic

Twitter users took note of the irony of Loeffler using investing terms shortly after being accused of insider trading. “Loeffler doubling down on stock market imagery in the wake of the story that has her polling fourth is not what I was expecting, but certainly in character,” tweeted journalist Daniel Nichanian. Jon Ossoff, the Democratic nominee for Georgia’s other Senate seat, accused Loeffler of “pay-to-play,” a form of corruption that has brought down many politicians.

Tangent

Ossoff also pointed out that his opponent, Sen. Dave Perdue (R-Ga.), who, like Loeffler, came under fire for poorly timed stock trades before the coronavirus pandemic, has a similar fundraising program. Perdue’s program is called “The Boardroom” and offers top donors the title of “Chairman,” with offers of access just like Loeffler’s program.

News Peg

Daily Beast reporter Lachlan Markay noted that “it’s common for campaigns to award such honorifics to their top donors and fundraisers,” but nonetheless asserted that, due to Loeffler’s stock scandals, the terms carry “some additional political baggage.”