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Re: First they came for Chris Collins

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Message 1 of 9

Congressman Chris Collins’ Daughter Lost $1.3M When ‘Insider-Trading’ Stock Tanked


The daughter of Rep. Chris Collins lost more than a million dollars when the stock in which he’s accused of passing insider-trading information tanked.


Manhattan federal prosecutors say Collins speed-dialed his son, Cameron, 25, from the White House lawn to warn that the kid’s 5.2 million shares of the Australian biotech firm Innate Immunotherapeutics were about to go bust.


But the congressman’s daughter, Caitlin, 27, of Buffalo, owned just as many shares in the firm as did her little brother, according to Thompson Reuters stock data — and she’s not alleged to have benefited from the same paternal tip.


Cameron sold more than a million of his 5.2 million shares, saving himself $570,000 in potential losses, the feds allege.


Meanwhile, all of Caitlin’s shares have now lost half their value, roughly $1.3 million.


The difference?


At the time that Rep. Collins, as an Innate board member, allegedly learned of a stock-dooming new clinical-drug trial result in June 2017, Caitlin’s Innate stock was still held by an Australian brokerage firm. Under that country’s securities laws, she was barred from selling until the drug-trial results were publicly released.


But Cameron’s Innate stock had successfully been transferred to an American brokerage; he immediately sold 1.3 million shares, the feds allege.

 

https://nypost.com/2018/08/09/chris-collins-daughter-lost-1-3m-when-insider-trading-stock-tanked/

 

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Treasured Social Butterfly
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Re: First they came for Chris Collins

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Collins Suspends Re-election Campaign After Indictment


Republican U.S. Rep Chris Collins says he will no longer run for re-election after being charged with insider trading.


Collins said in a statement released Saturday he will suspend his re-election campaign and fill out the rest of his term.


Collins was first elected in 2012.

 

 

https://twitter.com/news4buffalo

 

collins first.jpg

 

 

 

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Treasured Social Butterfly
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Re: First they came for Chris Collins

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Message 3 of 9

trump collins.jpg

 

 

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Valued Social Butterfly
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Re: First they came for Chris Collins

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Message 4 of 9

   Let's not kid anyone, there are 5 0r 6 very nervous GOP congresscritters who all randomly learned about the obscure Australian company and bought stocks.    hmmmm

PRO-LIFE is Affordable Healthcare for ALL .
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Valued Social Butterfly
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Re: First they came for Chris Collins

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@alferdpacker wrote:

First they came for Chris Collins, but I did nothing -

because bleep him.

 

Then they came for Devin Nunes but I did nothing -

because bleep him.

 

Then no one came for me because I did not attempt to obstruct justice or attempt to interfere with the Mueller probe on behalf of trump.


And when they come for Der Trumper, in the immortal words of Robert DeNiro, BLEEP TRUMP.

 

About Collins - I have this vague memory of reading that Congress had somehow insulated themselves from charges of "insider trading" in much the same way they made it virtually impossible for any of them to be convicted of bribery. I'd not be surprised Collins escapes justice, and Lemontop will probably pardon him if he doesn't.

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Valued Social Butterfly
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Re: First they came for Chris Collins

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Message 6 of 9

Can't think of too many more worthy of their fate.  Sorry.......that's not true.  Actually I can think of a whole bunch....  I bet you all can too if you try.  Maybe it is best to start a list so you can be sure to remember when the time comes.  Nixon did.

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Valued Social Butterfly
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Re: First they came for Chris Collins

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The criminals, their corruption and their dt love affairs are neverending.

 

Why Rep. Chris Collins’s insider trading arrest is a huge deal — and also totally unsurprising

https://www.vox.com/policy-and-politics/2018/8/9/17664598/chris-collins-insider-trading-arrest-trump

 

.....Last year, when the congressional ethics committee started investigating him for the very same allegations of insider trading he was just arrested for, Vice President Mike Pence fundraised for Collins.

 

..... Donald J. TrumpVerified account @realDonaldTrump

.@RepChrisCollins Chris, thank you so much for your wonderful endorsement. I will not let you down! @CNN

 
 

 

 

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Re: First they came for Chris Collins

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Message 8 of 9

Perhaps following the law may keep them from coming after you? 

And I sure hope they come after collins and nunes!

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First they came for Chris Collins

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Message 9 of 9

First they came for Chris Collins, but I did nothing -

because bleep him.

 

Then they came for Devin Nunes but I did nothing -

because bleep him.

 

Then no one came for me because I did not attempt to obstruct justice or attempt to interfere with the Mueller probe on behalf of trump.

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