Congress & the Courts -  GOP Rep Chris Collins arrested (287 views) Notify me whenever anyone posts in this discussion.Subscribe
 
From: Marci (marcinmin) DelphiPlus Member Icon Posted by hostAug-8 9:31 AM 
To: All  (1 of 33) 
 113013.1 

by the FBI on charges of fraud and insider trading. Breaking News

JUST IN: Rep. Chris Collins (R-NY), Trump’s earliest congressional backer, arrested by the FBI on securities fraud-related charges, via

 
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From: BlueManDudeAug-8 9:33 AM 
To: Marci (marcinmin) DelphiPlus Member Icon  (2 of 33) 
 113013.2 in reply to 113013.1 

Took them long enough, when are they going to pick up Tom Price?

 

 
From: Marci (marcinmin) DelphiPlus Member Icon Posted by hostAug-8 9:34 AM 
To: BlueManDude  (3 of 33) 
 113013.3 in reply to 113013.2 

arresting a sitting congressman is unusual - they must have thought he was going to destroy evidence or something

 
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From: Marci (marcinmin) DelphiPlus Member Icon Posted by hostAug-8 9:35 AM 
To: BlueManDude  (4 of 33) 
 113013.4 in reply to 113013.2 

as Rick Wilson puts it: Everything Trump touches dies

 
Forum Host, Liberal Heaven
Assistant Moderator,YDD-Yellow Dog Democrats

 

 
 

 
From: BlueManDudeAug-8 9:40 AM 
To: Marci (marcinmin) DelphiPlus Member Icon  (5 of 33) 
 113013.5 in reply to 113013.3 

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

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

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

 

The defendants are accused of multiple counts of securities fraud, as well as one count of wire fraud, one count of conspiracy to commit wire fraud and one count each of making false statements.

https://www.cnbc.com/2018/08/08/gop-congressman-chris-collins-to-be-indicted-on-insider-trading-charge.html

 

 
From: Marci (marcinmin) DelphiPlus Member Icon Posted by hostAug-8 9:40 AM 
To: BlueManDude  (6 of 33) 
 113013.6 in reply to 113013.2 

The Lock Her Up crowd will be disappointed again

 
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Assistant Moderator,YDD-Yellow Dog Democrats

 

 
 

 
From: BlueManDudeAug-8 9:41 AM 
To: Marci (marcinmin) DelphiPlus Member Icon  (7 of 33) 
 113013.7 in reply to 113013.4 

No kidding...

 

 
From: BlueManDudeAug-8 9:55 AM 
To: Marci (marcinmin) DelphiPlus Member Icon  (8 of 33) 
 113013.8 in reply to 113013.6 

So far they Have Rep Chris Collins, his son Cameron & Cameron's fiancée's father Stephen Zarsky.

From the archives...

Australian Drug Maker Has Low Profile but Powerful Backers in Washington

SAN FRANCISCO — Innate Immunotherapeutics is a tiny pharmaceutical company from Australia that has no approved drugs and no backing from flashy venture capital firms, and trades for just over a dollar a share on the Australian Stock Exchange. More than once, the company has run out of money and nearly closed its doors.

But despite its unremarkable profile, Innate has some surprisingly influential boosters in Washington. The congressional liaison to President-elect Donald J. Trump’s transition team, Representative Chris Collins, Republican of New York, is the company’s largest shareholder and sits on the board. Representative Tom Price of Georgia, Mr. Trump’s nominee to be secretary of health and human services, purchased shares of Innate four times in 2015 and 2016, according to congressional financial disclosures, totaling between $60,000 and $110,000.

Other Washington power players with investments in the company include Michael Hook, Mr. Collins’s chief of staff, who is a top shareholder, and Bill Paxon, a Washington lobbyist and former congressman, according to company filings and congressional financial disclosures. Last summer, Mr. Price, Mr. Hook and Mr. Paxon bought the stock at a discount as part of a private offering organized by Innate aimed at “sophisticated U.S. investors.” They have since quintupled their money, at least on paper.

Mr. Price’s investments in health care companies, including Innate, are almost certain to be a focus of questioning during his confirmation hearings next week. Some prominent Democrats are already asking whether he may have crossed ethical lines by investing in companies that stood to benefit from legislation he helped shape. Senator Chuck Schumer and Representative Louise Slaughter of New York and other Democrats have called for investigations into Mr. Price’s trades.

 https://www.nytimes.com/2017/01/13/health/innate-immunotherapeutics-tom-price.html

 

 
From: Marci (marcinmin) DelphiPlus Member Icon Posted by hostAug-8 10:00 AM 
To: BlueManDude  (9 of 33) 
 113013.9 in reply to 113013.8 

is that the same company that advertises all the time with infomercials?

 
Forum Host, Liberal Heaven
Assistant Moderator,YDD-Yellow Dog Democrats

 

 
 

 
From: BlueManDudeAug-8 10:07 AM 
To: Marci (marcinmin) DelphiPlus Member Icon  (10 of 33) 
 113013.10 in reply to 113013.9 

Don't think so, they fine folks have been pumping and dumping their stock with press releases. It's actually not than uncommon. It is uncommon for those who sit on the board and their friends.

Small biotechs will send out a presser saying their new blockbuster greatest drug ever is doing really well in stage whatever trials, stock goes up, then slowly drops till the next press release.

 

 
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