aside Another GOP US Representative Chris Collins Is Exposed For Major Wrong-Doing

Image result for photos of rep chris collinsAnother millionaire GOP US Congressional Representative Chris Collins of NY has been exposed as being another example of corruption gone amok.

He has gained infamy within political circles as the first US congressman to endorse the presidency of Donald J. Trump.

As per an August 8, 2018 Marketplace report by Robert Schroeder, “New York Rep. Christopher Collins was arrested on federal charges relating to securities fraud Wednesday (8/8/18), in a case involving an Australian biotech company.”

“A Securities and Exchange Commission case against Collins — the first congressional Republican to endorse President Donald Trump’s bid for the White House — also charges his son Cameron and the father of his son’s girlfriend, Stephen Zarsky.”

“The indictment says that in June 2017, Rep. Collins passed on nonpublic information about Innate Immunotherapeutics’ INNMF, +17.11%   drug-trial results to his son. Collins was a board member of the company. The case says that Cameron Collins sold nearly 1.4 million shares based on nonpublic information and that the congressman and his son spoke by phone at least nine times.”

“Lawyers for Collins said in a statement that the government “does not allege that Congressman Collins trade a single share of Innate Therapeutics stock.”

“We are confident he will be completely vindicated and exonerated,” said lawyers Jonathan Barr and Jonathan New.”

 

Here’s the rest of the story…

On July 8, 2018, Jennifer Rubin of the Washington Post penned the following op-ed piece, “Chris Collins hands Democrats another scandal”

Federal prosecutors charged Rep. Chris Collins (R-N.Y.), one of President Trump’s earliest congressional supporters, with insider trading on Wednesday, alleging the congressman schemed with his son to avoid significant losses in a biotechnology investment.

Collins’s son, Cameron Collins, and Stephen Zarsky, the father of Cameron Collins’s fiancee, were also charged.

The indictment, secured by the U.S. attorney in Manhattan, is related to Collins’s relationship with Innate Immunotherapeutics, an Australian biotech company that was developing a treatment for multiple sclerosis. Collins was the company’s largest shareholder and on its board of directors, giving him access to confidential corporate information.

Image result for images speaker paul ryan

“Speaker Paul D. Ryan (R-Wis.) issued a terse statement directing the House Ethics Committee to investigate. In fact, the committee had already been doing that, without disciplining Collins:”

“Before Wednesday’s indictment, Collins was already under scrutiny for his role in promoting Innate Immunotherapeutics, which had been developing a new therapy for multiple sclerosis before a high-stakes clinical trial failed last year, essentially putting the company out of business. In October, the Office of Congressional Ethics found “substantial reason to believe” that Collins violated federal law and House rules by meeting with federal officials in his congressional capacity to seemingly benefit the firm and also that he shared private information about the firm to solicit investors.”

“Among those from whom Collins allegedly solicited investments were family members, his congressional staff and House colleagues — including former congressman Tom Price, who later served as Department of Health and Human Services secretary. The House Ethics Committee is reviewing the Office of Congressional Ethics report but has not taken action against Collins.”

Image result for photos of rep chris collins

“The issue is broader than just whether Collins’s fellow congressmen are involved. Along with the Paul Manafort trial, which has become a tutorial on insider corruption, this is another sign of the GOP’s lack of ethical seriousness and its unwillingness to follow the rules it uses to bash Democrats, as well as a sign of Ryan’s general lack of leadership. Why hasn’t anything been done since last October?”

“In the short run, the Collins matter isn’t likely to affect November’s midterm elections. His upstate New York district is strongly Republican (though, so was Ohio’s 12th Congressional District). But this scandal may envelop more Republicans, and Democrats have an excellent argument that whether it is former EPA administrator Scott Pruitt’s egregious ethical conduct, or any of the Cabinet officials who allegedly abused their travel, or Trump’s foreign emoluments and his family’s apparent self-enrichment, the GOP has become the party that tolerates corruption. Far from cleaning up government, having control of the House, Senate and White House has meant no Republican gets held accountable for anything — unless it is by the FBI and the courts.”

Link of entire report: Chris Collins hands Democrats another scandal 

 

10 comments

    • Dear Holly,

      Not only did President Trump increase the swamp in size, he filled it with bigger, meaner hungrier alligators. His administration will go down as one of the most corrupt in US history.

      Hopefully, the democratic party will make heyday of all of this corruption stemming from this White House.

      Hugs, Gronda

      Liked by 1 person

      • I am losing confidence in the Democrats. They are sitting on their hind quarters and if they continue we will lose again.. They seem to have no plan or even the gumption to speak loud and clear of their disapproval but for a few. The people who need most to boot Trump and his cronies out are least likely to vote or to vote to reelect him. The rural and urban areas are suffering bu they still stick like glue.

        Liked by 1 person

        • Dear Holly,

          I’m with you. I want to see the Democratic Party out there fighting and showing by action that those in leadership actually are listening to the voters and that they truly give a damn.

          Hugs, Gronda

          Liked by 1 person

  1. Dear Gronda, hope you are well. LOL this story PG for sure. Not deep state, just good people doing what they do to keep America safe. I wouldn’t be surprised to see more of this reckoning. Hugs mate.

    Liked by 1 person

    • Dear Gary J.,

      The good news is that the FBI and the US judicial system is nabbing these guys, who foolishly were lulled into thinking that they were above the law and the negative consequences, not just due to their criminal activity but for their absolute hubris and stupidity.

      Hugs, Gronda

      Liked by 2 people

  2. Gronda, regardless of party, when an incumbent legislator defames the position he or she holds, it is vital the entity take remedial action. the integrity of the office is greater than the incumbent whether the person is a Representative, Priest, CEO, Executive Director or President. Keith

    Liked by 2 people

    • Dear Keith,

      It is a positive testament to our forefathers setting up of this democracy that may save our bacon, again. As I was just saying, the FBI and the US judicial system is holding these scoundrels, accountable.

      The “rule of law,” the free press and the vote, if properly exercised will stem this stench and evil wich is emanating from the White House.

      Hugs, Gronda

      Like

      • Gronda, although the regal US leader does his best to break down the structure, our forefathers were fortunately much smarter and honorable.

        Adhering to the ordained rules is vital to our democracy. When we deviate from them as folks like Trump, Nunes have done, it gives our democracy a bad name. Keith

        Liked by 1 person

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