Tuesday, June 29, 2021

Sonny Perdue's Deal Of The Century

 

 

It appears the former guy's Secretary of Agriculture is, like his former boss, a crook:

It was a curious time for Sonny Perdue to close a real estate deal.

In February 2017, weeks after President Donald Trump selected him to be agriculture secretary, Perdue’s company bought a small grain plant in South Carolina from one of the biggest agricultural corporations in America.

Had anyone noticed, it would have prompted questions ahead of his confirmation, a period when most nominees lie low and avoid potential controversy. The former governor of Georgia did not disclose the deal — there was no legal requirement to do so.

An examination of public records by The Washington Post has found that the agricultural company, Archer-Daniels-Midland (ADM), sold the land at a small fraction of its estimated value just as it stood to benefit from a friendly secretary of agriculture.

How small a fraction?

ADM sold the plant in Estill, S.C., to Perdue’s then-company, AGrowStar, for $250,000 — a fraction of what county and independent appraisers say it is worth. Six years earlier, ADM had paid more than $5.5 million for the same land, a figure that closely matches assessments by independent experts contacted by The Post, who analyzed the value based on state records and drone footage of the property. (our emphasis)

The price to anyone other than Trump's incoming Secretary of Agriculture was set at $4 million by ADM as early as 2015.

Now, if anyone out there believes ADM would carelessly take a bath of this size on a land deal with someone who happens to be in line to become Agriculture Secretary, ADM would like to sell you a corn cob for $100. 

What is needed now is a prosecutor to empanel a grand jury, and let the FBI follow the money.

Most. Corrupt. Administration. Ever.

(Photo: "I hear you got a good deal from ADM;  you can thank me in cash.")

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