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GOP Rep. Chris Collins charged with insider trading

The following article by Scott Wong and Sylvan Lane was posted on the Hill website August 8, 2018:

New York GOP Rep. Chris Collins arrested for insider trading from CNBC.

Rep. Chris Collins (R-N.Y.), a top ally of President Trump on Capitol Hill, has been arrested and charged with federal securities fraud related to an Australian pharmaceutical company that counted him among its biggest shareholders.

Collins, who represents parts of western New York, turned himself in to the FBI on Wednesday morning, news reports said. Lawyers for the GOP lawmaker indicated that he would address the charges later Wednesday.

An indictment from a grand jury also charges Collins’s son, Cameron Collins, and Stephen Zarsky, the father of Cameron Collins’s fiancée.

View the complete article here.

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