Just in case you've forgotten who Chris Collins is ...

[mahatmakanejeeves]

Wed Aug 8, 2018: New York GOP Rep. Chris Collins arrested on insider trading charges

New York GOP Rep. Chris Collins arrested on insider trading charges

Rep. Chris Collins, R-N.Y., has been arrested on insider trading charges lodged by the Justice Department, law enforcement officials said Wednesday morning.

The indictment obtained from a federal grand jury also charges Collins' son, Cameron Collins, as well as the father of his fiancee, Stephen Zarsky.

In June 2017, Collins passed nonpublic information about Innate's drug trial results to his son in order to help him "make timely trades in Innate stock and tip others," the indictment alleges.

Kevin Breuninger Brian Schwartz
Published 1 Hour Ago Updated 3 Mins Ago

Rep. Chris Collins, R-N.Y., has been arrested on insider trading charges lodged by the Justice Department, law enforcement officials said Wednesday morning. ... An indictment obtained from a federal grand jury also charges Collins' son, Cameron Collins, as well as the father of his fiancee, Stephen Zarsky.

The indictment relates to Australian biotech company Innate Immunotherapeutics, on which Collins served as a board member.

In June 2017, Collins passed nonpublic information about Innate's drug trial results to his son in order to help him "make timely trades in Innate stock and tip others," the indictment alleges.

His son then traded on that inside information and passed it to Zarsky, along with numerous unnamed co-conspirators, "so that they could utilize the information for the same purpose," according to the indictment.

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Updated, 11:22 a.m. Originally posted at 9:29 a.m.

Was:
New York Republican congressman Chris Collins to be indicted on insider trading charges
Kevin Breuninger @KevinWilliamB
Published 1 Min Ago

Rep. Chris Collins, R-N.Y., will be indicted by the Justice Department on insider trading charges, federal prosecutors announced Wednesday morning.

The indictment relates to "securities of Innate Immunotherapeutics ... an Australian biotechnology company on whose board of directors Christopher Collins served," the DOJ said.

This is developing news. Please check back for updates.

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Hat tip, Popehat:

QHatSecretMessages Retweeted

https://twitter.com/Popehat

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

Link to tweet

[OnDoutside]

1. Can he run for Congress again ?

[mahatmakanejeeves]

6. Anyone can run. It's winning that's the hard part.

Okay, there are minimal standards.

Very minimal.

Constitutional Qualifications

“No Person shall be a Representative who shall not have attained to the age of twenty five Years, and been seven Years a Citizen of the United States, and who shall not, when elected, be an Inhabitant of that State in which he shall be chosen.”
— U.S. Constitution, Article I, section 2, clause 2

[Arne]

2. If the head crook has the immunity of his pardon,

is he now forced to testify about the remaining two charged in the case?

[CatMor]

3. He's from my area...

The crook kept having to start his prison term postponed so he finally entered in mid October. He was sentenced to 26 months and will only have served about 3 months.

[Karadeniz]

4. Thanks for the reminder... I couldn't remember him because I'm SENILE!!!

[mnmoderatedem]

5. and Duncan Hunter, misusing campaign money on his mistresses

but, but, but, Mark Rich, right?

[ornotna]

7. Didn't he play for the Cincinnati Bengals?