Rep. Chris Colins from Western New York has just been arrested by the FBI and indicted for insider trading:
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 https://t.co/WkXcB7rHBD— ABC News (@ABC) August 8, 2018
NBC News: Rep. Christopher Collins of New York has been arrested and indicted on charges tied to securities fraud. He surrendered himself to the FBI this morning.— Tom Winter (@Tom_Winter) August 8, 2018
Press conference by the U.S. Attorney's Office for the Southern District at noon. -@jonathan4ny
Western NY Congressman Chris Collins has been charged with insider trading by federal prosecutors in Manhattan— Aaron Katersky (@AaronKatersky) August 8, 2018
Rep. Chris Collins, his son Cameron and Stephen Zarsky, the father of Cameron Collins’s fiancée, have been charged with insider trading relating to securities of an Australian biotechnology company— Aaron Katersky (@AaronKatersky) August 8, 2018
Breaking: this email just came into our newsroom from our affiliate in New York City. Rep. Chris Collins -- whose district includes western Monroe County and neighboring counties -- arrested. @news10nbc pic.twitter.com/B1ftX8CdXD— Berkeley Brean (@whec_bbrean) August 8, 2018
Wow. According to Peter Alexander from NBC News, Collins was one of Trump’s earliest backers in Congress.
Looks like he’s in a whole heap of trouble right now.
We’ll bring you more when we have it.
The Office of Congressional Ethics back in October said they had substantial reason to believe Collins broke securities laws:
— Mike DeBonis (@mikedebonis) August 8, 2018