GOP congressman facing federal charges
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Federal prosecutors have charged U.S. Rep. Chris Collins, R-N.Y., with insider trading, alleging the congressman schemed with his son to avoid losses in a biotechnology investment, The Washington Post reports today at https://www.washingtonpost.com/business/2018/08/08/rep-christopher-collins-r-ny-charged-with-insider-trading-federal-prosecutors-announce/?noredirect=on&utm_term=.bb7f5a681cb8.
Collins’s son, Cameron Collins, and Stephen Zarsky, the father of Cameron Collins’s fiancee, were also charged, the Post said.
On Collins' House website, the following statement was posted Aug. 8 from Jonathan Barr and Jonathan New, Baker Hostetler, attorneys for Rep. Collins: "We will answer the charges filed against Congressman Collins in court and will mount a vigorous defense to clear his good name. 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. Congressman Collins will have more to say on this issue later today."
Congressman Chris Collins represents New York’s 27th Congressional District in the House of Representatives. He is (or was) a member of the House Energy and Commerce Committee where he serves on three subcommittees: Health, Communications and Technology, and Oversight and Investigations.
According to his House website, Collins is a successful small businessman with 36 years in the private sector, saving and creating hundreds of good-paying jobs in Erie, Niagara, and Monroe counties. His current companies include:
Innate Immunotherapeutics - Pharmaceutical (Secondary Progressive MS);
Mead Supply – Equipment rental company;
Oxygen Generating Systems Intl. (OGSI) – Oxygen generation machinery;
Schlyer Machine - Custom design of vivarium cage and bottle washers;
Volland Electric – Electric repair shop, crane & hoist and electrical distributor; and
ZeptoMetrix Corporation – Biotechnology (infectious disease).
Collins’s son, Cameron Collins, and Stephen Zarsky, the father of Cameron Collins’s fiancee, were also charged, the Post said.
On Collins' House website, the following statement was posted Aug. 8 from Jonathan Barr and Jonathan New, Baker Hostetler, attorneys for Rep. Collins: "We will answer the charges filed against Congressman Collins in court and will mount a vigorous defense to clear his good name. 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. Congressman Collins will have more to say on this issue later today."
Congressman Chris Collins represents New York’s 27th Congressional District in the House of Representatives. He is (or was) a member of the House Energy and Commerce Committee where he serves on three subcommittees: Health, Communications and Technology, and Oversight and Investigations.
According to his House website, Collins is a successful small businessman with 36 years in the private sector, saving and creating hundreds of good-paying jobs in Erie, Niagara, and Monroe counties. His current companies include:
Innate Immunotherapeutics - Pharmaceutical (Secondary Progressive MS);
Mead Supply – Equipment rental company;
Oxygen Generating Systems Intl. (OGSI) – Oxygen generation machinery;
Schlyer Machine - Custom design of vivarium cage and bottle washers;
Volland Electric – Electric repair shop, crane & hoist and electrical distributor; and
ZeptoMetrix Corporation – Biotechnology (infectious disease).