Another Republican indicted on insider trade charges

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#1 Another Republican indicted on insider trade charges

Postby Gaybutton » Wed Aug 08, 2018 9:38 pm

New York Congressman Chris Collins indicted on insider trading charges

Republican Rep. Christopher Collins of New York has been charged with using inside information about a biotechnology company to make illicit stock trades. The charges were announced and the was indictment unsealed in New York City on Wednesday. The indictment charges Collins the congressman's son and the father of the son's fiance, with conspiracy, wire fraud and other counts.

According to the indictment, the defendants tried to get early word on the results of tests by Innate Immunotherapeutics Limited. The company developed a drug intended to treat Secondary Progressive Multiple Sclerosis.

Collins has denied any wrongdoing. "We will answer the charges filed against Congressman Collins in Court and will mount a vigorous defense to clear his good name," Collins' attorney said in a statement on Wednesday. ""It is notable that even the government does not allege that Congressman Collins traded a single share of Innate Therapeutics stock. We are confident he will be completely vindicated and exonerated."

When the House Ethics Committee began investigating the stock trades a year ago, his spokeswoman called it a "partisan witch hunt."

Full story: ... g-charges/

I always enjoy it when they call these things a "witch hunt." Fine with me - because as usual with these greedy assholes, they do find the witch . . .

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