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News & Current Events Discuss New York Republican Rep. Chris Collins indicted on insider trading charges at the General Forum; Washington (CNN)Federal prosecutors in New York on Wednesday charged New York Republican Rep. Chris Collins, his son and another man ...

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Old 08-08-2018, 02:12 PM
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Default New York Republican Rep. Chris Collins indicted on insider trading charges

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Washington (CNN)Federal prosecutors in New York on Wednesday charged New York Republican Rep. Chris Collins, his son and another man with 13 counts of securities fraud, wire fraud and false statements stemming from an alleged insider trading scheme centered on an Australian pharmaceutical company.
Quote:
Collins, who was the first sitting member of Congress to endorse Donald Trump's presidential bid, surrendered Wednesday morning at his attorney's office in Manhattan, according to the FBI.
https://www.cnn.com/2018/08/08/polit...ing/index.html

Story starts at 15:30 also Attny Gen of state of New York outlining crimes:



In other news about the crime:
https://www.mediaite.com/tv/new-jers...llinss-arrest/
New Jersey Crowd Cheers as MSNBC’s Hallie Jackson Reports NY Rep. Chris Collins’s Arrest
As MSNBC host Hallie Jackson announced breaking news about Rep. Chris Collins (R-NY), a very early supporter of President Donald Trump, a crowd in Somerville, NJ cheered.

Quote:
After speaking about the Ohio special election with colleague Garrett Haake, Jackson said: “Congressman Chris Collins, the first member of Congress to back Donald Trump for president, has been arrested. He’s expected to appear in federal court in New York today.”
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As she spoke, cheers could be heard at the news from where she was reporting.
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“Law enforcement officials say the New York Republican surrendered to the FBI this morning on insider trading charges,” she added.
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With her in Somerville was Daniel Goldman, a former U.S. Attorney for the Southern District of New York, who said Collins may be in serious legal jeopardy.
Quote:
“If he is convicted in this case… he would likely go to jail. I’m still digging through the indictment to try to figure out what the evidence [is] against him. But it looks like it’s a pretty good documentary case.
video at site

Looks like the buzzards are coming home to roost.
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Old 08-08-2018, 02:24 PM
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Default Re: New York Republican Rep. Chris Collins indicted on insider trading charges

He should go to jail if guilty just like Martha Stewart did.
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Old 08-08-2018, 02:40 PM
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Default Re: New York Republican Rep. Chris Collins indicted on insider trading charges

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Originally Posted by CindyB View Post
He should go to jail if guilty just like Martha Stewart did.
I don't think he will, but depends on how powerful pizzed off investors are
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