Early Trump supporter Rep. Chris Collins (R-NY) arrested for insider trading
August 11, 2018 at 1:07 pm
I lived in his district for about 4 years. Under him many lost health coverage. Always hated the guy. #DrainTheSwamp
https://www.usatoday.com/story/news/2018...965940002/
https://www.usatoday.com/story/news/2018...965940002/
Quote:Specifically, Rep. Collins is accused of receiving inside information about negative clinical trial tests conducted by Innate Immunotherapeutics, an Australian biotech company with which he has long been associated.
He then is accused of passing that information on to his son, prompting the son and others to sell 1.78 million Innate shares shortly before the bad news was made public in June 2017 and the share price plummeted.