GOP congressman from New York charged with insider trading - is that like putting an employee into a position where you can vote for your own employee to consolidate your power base unethically in local government? Sure it is!!!
NEW YORK (AP) — Republican U.S. Rep. Christopher Collins of western New York state has been indicted on charges that he used inside information about a biotechnology company to make illicit stock trades.
The charges were announced and the 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.
Prosecutors said the charges relate to a scheme to gain insider information about Innate Immunotherapeutics Limited, a biotechnology company headquartered in Sydney, Australia, with offices in Auckland, New Zealand.