Representative Chris Collins of New York has has been arrested and charged with insider Trading, according to NBC News????The Republican, who has been a strong defender of President Trump on Capitol hill, surrendered himself to the FBI Wednesday morning.
He came under scrutiny earlier this year when a report by the Office of Congressional Ethics suggested he shared nonpublic information with investors of an Australian pharmaceutical company -- in violation of federal law.????The Hill reports, that several GOP lawmakers said Collins had bragged about persuading members of Congress to invest in the company, Innate Immunotherapeutics, to make money.????Notably, he is the Australian company’s largest stockholder.
????CNBC obtained the indictment from a federal grand jury, which states that Collin’s son, Cameron Collins, along the father of Cameron’s fiancee, Stephen Zarsky, have also been charged.
??????The three defendants are accused of one count of wire fraud, multiple counts of securities fraud and one count of conspiracy to commit wire fraud.
Collins is expected in federal court in New York later on Wednesday.
Boeing is set to tumble again when markets open on Tuesday. The stock is down 1.8%, or about $4.1 billion, in premarket trading. Australia and Singapore became the latest to suspend use of all Boeing..
According to Gizmodo.com, Gene Levoff, a former Vice President of Corporate Law at Apple, was charged with insider trading on Wednesday by the U.S. Securities and Exchange Commission.
Levoff, who was..