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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: locogringo who wrote (1082122)	8/8/2018 1:08:13 PM
From: puborectalis	1 Recommendation Recommended By sylvester80 Read Replies (2) \| Respond to of 1576893

scumbag Trump sycophant Federal prosecutors in New York on Wednesday charged New York Republican Rep. Chris Collins, his son and another man with 13 counts of securities fraud, wire fraud and false statements stemming from an alleged insider trading scheme centered on an Australian pharmaceutical company. Collins, who was the first sitting member of Congress to endorse Donald Trump's presidential bid, surrendered Wednesday morning at his attorney's office in Manhattan, according to the FBI. Prosecutors at the US Attorney's Office for the Southern District of New York alleged in an indictment that Collins and the other defendants used nonpublic information about the results of a drug trial to trade on the stock of the pharmaceutical company, Innate Immunotherapeutics Limited, of which Collins was a board member. That allowed them, prosecutors allege, to avoid more than $768,000 in losses they would have incurred if they had traded the stock after the drug trial results became public. Collins "placed his family and friends above the public good," said US Attorney Geoffrey Berman at a news conference Wednesday in New York City. Berman also stated Collins "cheated our markets and our justice system."