[Zuben Elgenubi]

Not included in this CNN report is that while the alleged scheme only saved its co-conspirators $768,000, Collins, meanwhile, reportedly lost $16.7 million.

He's guilty alright. Of being the worst inside trader, evah.

[mooncoin]

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.