• Early Trump Backer Rep. Chris Collins Indicted on Insider Trading Charges

    2 monthes ago - By Fortune

    New York Republican Rep. Chris Collins was indicted on insider trading charges on Wednesday morning, federal prosecutors said. Collins' charges include using inside information about Australian biotechnology company Innate Immunotherapeutics to make stock trades, CBS News reported.
    A grand jury indicted Collins for passing private material to his son Cameron in June 2017, so that Cameron “could use that information to make timely trades in Innate stock and tip others” about a drug the company developed to treat Secondary Progressive Multiple Sclerosis.
    Cameron owned more than 2% of Innate...
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  • New York Congressman Indicted On Insider Trading Charges

    New York Congressman Indicted On Insider Trading Charges

    2 monthes ago - By NPR

    Rep. Chris Collins, R-N.Y., was charged with securities fraud along with his son and another man. Collins allegedly passed inside stock information to his son, who used it to make favorable trades.
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  • FBI arrests GOP congressman on insider trading charges

    FBI arrests GOP congressman on insider trading charges

    2 monthes ago - By Business Insider

    Rep. Chris Collins, a New York Republican, was arrested and charged with securities fraud by the FBI.
    Federal prosecutors say Collins engaged in insider trading of the stock of Innate Immunotherapeutics, an Australian biotech company.
    Collins was a board member at Innate.
    A congressional ethics report in 2017 found that the congressman was able to buy discounted Innate stock that was not available to the public.
    Rep. Chris Collins, a New York Republican, was arrested Wednesday by the FBI and indicted on allegations of securities fraud.
    According to the indictment , Collins passed nonpublic...
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