New York GOP Rep. Chris Collins pleads not guilty to insider trading

Rep. Chris Collins, R-N.Y. pleaded not guilty Wednesday afternoon to federal insider trading charges, according to NBC News.

The congressman was arrested earlier in the day on charges that he shared non-public information with family and friends related to Australian biotech company Innate Immunotherapeutics, on which Collins served as a board member.

An indictment released Wednesday alleges that Collins, 68, scrambled to call his son from the White House lawn and share information with him about a failed drug trial, and that his son and others then sold stock based on that tip before the trial results became public.

Collins’ son, Cameron Collins, 25, as well as the father of his fiancee, Stephen Zarsky, 66, were also charged, according to the court filing. All three pleaded not guilty on Wednesday and will be released on $500,000 bond. Collins now must surrender his diplomatic passport and firearms within 14 days.

2 Comments - what are your thoughts?

  • Richard Hennessy says:

    I don’t know whether he is guilty, but DAs in Democrat areas have often prosecuted and indicted Republicans for financial matters, only to lose the cases in court.

  • CharlieSeattle says:

    Ya, Rep. Chris Collins, R-N.Y. knew it was illegal. He just doesn’t care anymore.

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep the Fake News Media in check.

Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.