• 2018-08-08
  • Source: AAN
  • by: AAN Staff
By Noclip (Own work) [Public domain], via Wikimedia Commons
Rep. Chris Collins (R-NY) turned himself into the FBI this morning after being indicted for insider trading.

Collins has represented New York's 27th District in Congress since 2013.

Per The Daily Caller:

The Department of Justice explains that the indictment is related to “securities of Innate Immunotherapeutics … an Australian biotechnology company on whose board of directors Christopher Collins served.”

Collins’ son, Cameron Collins, and Stephen Zarsky, Cameron Collins’ fiancé’s father, are also named in the indictment. Collins is accused of using his board position at Innate to share nonpublic trading information with his family, saving them more than $768,000 in losses after a failed drug trial in the summer of 2017.

In a statement to the press, Collins' lawyers vowed to "mount a vigorous defense to clear his good name."
 Source: AAN
Tags: Issues: Crime, Smoke Filled Room, AAN Exclusive; Categories:

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