BREAKING: GOP Congressman indicted on insider trading charges

BY TEAM DML / AUGUST 8, 2018 /

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As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by NBCNews.com:

Chris Collins, a Republican congressman from upstate New York, surrendered to the FBI on Wednesday morning on securities fraud-related charges, prosecutors said.

Collins, 68, faces insider trading charges along with his son, Cameron Collins, and Stephen Zarsky, the father of Cameron Collins’ fiancée, according to the U.S. Attorney’s Office in the Southern District of New York.

The article goes on to state the following:

The case is related to Innate Immunotherapeutics, an Australian biotech company, on which the elder Collins served on the board.

Collins, one of Donald Trump’s early supporters in his bid for president, is expected to appear in federal court later Wednesday in Manhattan.

The three-term incumbent represents New York’s 27th Congressional District, which includes suburbs of Buffalo and Rochester, and is up for re-election in November. He has raised more than $1.34 million in his campaign war chest, according to the latest Federal Election Commission filing.

CLICK HERE to view the complete indictment document.

Collins has released a statement in response:

Attorneys for Representative Chris Collins

“We will answer the charges filed against Congressman Collins in Court and will mount a vigorous defense to clear his good name.  It is notable that even the government does not allege that Congressman Collins traded a single share of Innate Therapeutics stock.   We are confident he will be completely vindicated and exonerated.

Congressman Collins will have more to say on this issue later today.”

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3 Comments

  1. jean August 8th, 2018 at 10:30 am

    “One of Trump’s early supporters…”. Enough said.

    Reply

  2. Mary S August 8th, 2018 at 11:00 am

    Exactly. It’s a communist/Democrat smear campaign to get rid of him, and for supporting Trump. I remember when they were throwing Martha Stewart in jail for insider trading, it came out that the Democrats had voted that insider trading for Congress was OK. So it doesn’t surprise me the hypocrates would use the “thing they do” against an opponent.

    Reply

  3. Steve August 8th, 2018 at 11:26 am

    Another witch hunt.When are they going after the real criminals?Clintons,Obamas DNC,FBI.

    Reply

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