Posted on 08/08/2018 7:37:31 AM PDT by tcrlaf
CNN lying. He was not arrested. He voluntarily surrendered to tbe FBI democrat goosesteppers at his lawyer’s office,
In June 2017, Collins was the largest investor in Innate, holding nearly 17% of its stock. When news broke of the failure of the company’s drug to treat multiple sclerosis had failed, the company’s share price fell more than 90%, to 4 cents a share. The value of his holdings plummeted from $45.5 million to barely $1.5 million.
Well this is how Pelosi and Reid and so many others acquired wealth AFTER getting into Washington politics. Some get caught and go free, others never get caught.....but they all indeed do this. It’s why some run in the first place, it’s a fast track to wealth once your inside the Washington bubble.
He's guilty alright. Of being the worst inside trader, evah.
I just heard on the radio Collins was THE first sitting congressman to endorse Trump.
That's all I need to know to conclude what's going on here.
And I'm wondering when this crap is going to stop.
When people stop lying to the FBI.
Why did Congressman Collins meet with the FBI without his attorney present? I'm going to assume he did, as an attorney is going to counsel not meet with the FBI. Especially when your client knows he is being investigated for possible securities violation.
Yet another FAKE, politically-based “indictment”.
Unfortunately, looks like a slam dunk.
He had prior knowledge of a failure in the testing of a drug,
knew it would have a catastrophic effect on the stock price
and shared that knowledge with those close to him that held the stock.
He and others then sold the stock before the news was released to the public.
Collins held his shares in Australia where he was a director of the company - where his shares were locked up and couldn’t trade.
But his son owned the shares in the US broker where the shares weren’t locked up freely tradable.
It does seem pretty a slam-dunk case to me
1) Collins was a director of a publicly traded company (while in congress????)
2) The CEO called him to say that the trial failed
3) Collins called his son to dump the shares.
Any other congressional exemption (whether STOCK ACT or not) won’t apply since he used his insider information as a member of board of directors of the company.
And he called a press release to say the following:
“Neither Chris Collins, Caitlin Collins nor Michael Hook have sold shares prior, during or after Innate’s recent stock halt,” Minkel said, referring to a halt in trading that was called on the Australian Securities Exchange on Friday. “Cameron Collins has liquidated all his shares after the stock halt was lifted, suffering a substantial financial loss.” (https://buffalonews.com/2017/06/29/collins-office-says-family-chief-staff-held-onto-stock-sank/)
It’s always the cover-up that’s worse.
Thanks for clarifying to me that his stocks were under lock and he couldn’t trade them.
And CNN wonders why so few take it seriously. The headline would have been "New York congressman indicted on insider trading charges" had it been a Democrat, and everyone knows it.
If your argument is that "they all do it", I might concede that for now.
My point was that only a select few are prosecuted for it.
Hillary, Charles Rangel, and a host of other spectacularly crooked Democrats have't got a legal or financial worry in the world.
Only because they're Democrats.
Dems cannot be trusted!
Collins turned himself in, sure, libs targeting his kids, what else is he gonna do?
Innocent until proven guilty. Tell that to Paul Ryan.
I’ll believe it when I see Collins plead guilty.
I’m sure Erica Orden and Maegan Vazquez got thrills up their legs writing this.
Dollars to doughnuts, if Mr. Collins was a RAT, his political affiliation would not have been prominent in the headline.
In NY, maybe you’ll have a Republican mayor or governor from time to time, but a legislator will never be part of the majority, never have power, so they figure they may as well get some money out of it.
Dems are all self-righteous posers now, but a hundred years ago they were closely associated with organized crime. Harry Truman was the protege of Tom Pandergast of the Kansas City machine, although he was personally very honest according to McCollough’s bio. Any Dem out of NY was part of the Tammany machine, out of Chicago the Daily machine, etc. In that environment, Republicans were the reformers whenever they gained power, but they never had legislative power, and probably never will. So unless you’re a stellar legislator, the temptation to fill your pockets is very strong.
I thought congressman were exempt from insider trading laws?
I think that every federal official such as Judges, members of Congress, Cabinet secretaries, FOMC members, heads of agencies, President, and Vice President should put at least 90% of their assets beyond $1M into US Treasuries and put at least 90% of any net income they earn (not counting income on US Treasuries or their first 100K net per annum) during their first 10 years out of federal office into US Treasuries. Once that decade is up then they can go back to being a full private citizen. Their spouse should be included on this too to eliminate that loophole.
If Collins did insider trading then go to prison. Same goes for any of the rest.
CEO’s are hired to look after the best interests of their shareholders and bondholders. Congress critters should be working towards the best interests of our country and what better way to do this then to have them working to ensure that the Dollar is solid and that the government’s finances are strong/stable/reliable.
Dumb shit, ruined his kids life.
How’s that for family values?
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