VIDEO: Footage resurfaces of Chris Collins on phone call at time prosecutors allege insider trading took place
As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by WASHINGTONEXAMINER.COM:
Footage emerged Wednesday of the Republican lawmaker accused of insider trading talking on the phone when federal prosecutors allege he shared a tip-off with his son about an unsuccessful drug trial.
Rep. Chris Collins, R-N.Y., who was charged Wednesday morning by the U.S. Attorney’s Office for the Southern District of New York on multiple counts of securities and wire fraud, can be seen in the recording chatting on his phone while attending the 2017 White House congressional picnic.
The article goes on to state the following:
Prosecutors allege in their 30-page indictment released Wednesday that Collins called his son Cameron Collins at 7:16 p.m. on June 22, 2017, shortly after he was told by the CEO of Innate Immunotherapeutics Limited that a multiple sclerosis drug the Australia-based pharmaceutical company was developing had failed a trial. Collins was the largest stockholder in the company.
“During the 6:08 minute call at 7:16:19 PM, however, Christopher Collins, the defendant, spoke to Cameron Collins, the defendant, and told him, in sum and substance, that MIS416 had failed the Drug Trial,” the indictment states. “Christopher Collins conveyed this material, nonpublic information to Cameron Collins knowing that it was in breach of his duties to Innate and anticipating that Cameron Collins would use it to trade and tip others.”
The video, pulled by CBS, is time-stamped to have been taken at 7:17 p.m.
(See video below.)
DML News offers the following additional information published by CBSNEWS.COM:
U.S. Rep. Christopher Collins, a Buffalo Republican, said Wednesday that he will remain on the November ballot despite being indicted for securities fraud hours earlier. Collins is accused of using insider information about Innate Immunotherapeutics Limited, an Australian biotechnology company, to help his son make illicit stock trades.
Collins said he would “mount a vigorous defense in court to clear my name,” and that he anticipated being “fully vindicated and exonerated.” He confirmed that he would remain on the ballot in November. Collins will face Democrat Nate McMurray, who in the light of the allegations against the sitting congressman, may have more of a chance of victory in a solid Republican district than previously thought.
VIDEO: Rep. Chris Collins speaking on his phone at last summer’s White House Congressional Picnic. The photo was taken at approximately 7:17 p.m. According to the indictment, Collins called his son Cameron at 7:16 p.m. (VIDEO: CBS) pic.twitter.com/EvSzrHTkY4
— News 4, WIVB-TV (@news4buffalo) August 8, 2018
DML News offered you the above information as part of our ongoing effort to educate and inform people around the world. You can obtain additional information by visiting CBSNEWS.COM
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