BREAKING: GOP Congressman indicted on insider trading charges
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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:
“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.”
STATEMENT: Attorneys for Rep. Collins Respond to Charges Filed Today https://t.co/rzNnUmyJDd
— Rep. Chris Collins (@RepChrisCollins) August 8, 2018
MORE: Here's the statement from attorney of Rep. Chris Collins, notes the indictment states Collins didn't make any trades himself, which is true, according to prosecutors. @news4buffalo pic.twitter.com/yQ5RXOzc1F
— Dave Greber (@DaveGreber4) August 8, 2018
JUST IN: Rep. Chris Collins, two others charged with insider trading relating to securities of an Australian biotechnology company on whose board of directors Collins served. –@AaronKatersky https://t.co/WkXcB7rHBD
— ABC News (@ABC) August 8, 2018
The U.S. Attorney in the Southern District of New York announces insider trading charges against U.S. Rep. Chris Collins, R-New York, his son Cameron, and Stephen Zarsky, the father of Cameron’s fiancée, “relating to securities of Innate Immunotherapeutics.”
— Nathan Bomey (@NathanBomey) August 8, 2018
JUST IN: New York Rep. Chris Collins, the first Republican on Capitol Hill to endorse Trump’s presidential campaign, has been indicted among 3 others on insider trading pic.twitter.com/h1LVINF2hn
— TicToc by Bloomberg (@tictoc) August 8, 2018
Rep. Chris Collins, his son Cameron and Stephen Zarsky, the father of Cameron Collins’s fiancée, have been charged with insider trading relating to securities of an Australian biotechnology company
— Aaron Katersky (@AaronKatersky) August 8, 2018
Congressman Chris Collins charged with insider trading by my former office, SDNY https://t.co/dB47gsdhYL
— Preet Bharara (@PreetBharara) August 8, 2018
— Harry Siegel (@harrysiegel) August 8, 2018
Here’s the indictment for Rep. Chris Collins (R-NY). Feds announced insider trading charges against him and his son’s this morning. Collins was an early supporter of Trump’s presidential campaign. https://t.co/nifkIfl3rX
— Mike Hayes (@michaelhayes) August 8, 2018
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