An investigative report by the Dallas Morning News showed that Rick Perry coordinated with two business partners to flip land he purchased and sold in order to profit more than $500,000. Perry covered-up this scandal by refusing to release the public listing agreement, attempting to hide the identity of the land buyer and hiding the fact that the buyer was a business partner with the original seller.
The Dallas Morning News found evidence that Perry's investment was enhanced by a series of professional courtesies and personal favors from friends, campaign donors and the head of a Texas family with a rich history of political power-brokering. Together they may have enriched Perry by almost $500,000, according to an independent real estate appraisal commissioned by The News.
When it is all added up, Perry made at least $573,238 in profit from the land deal.