ALF Posted August 8, 2018 Posted August 8, 2018 The indictment obtained from a federal grand jury also charges Collins' son, Cameron Collins, as well as the father of his fiancee, Stephen Zarsky. The indictment relates to "securities of Innate Immunotherapeutics ... an Australian biotechnology company on whose board of directors Christopher Collins served," the DOJ said. The defendants are accused of multiple counts of securities fraud, as well as one count of wire fraud, one count of conspiracy to commit wire fraud and one count each of making false statements. https://www.cnbc.com/2018/08/08/gop-congressman-chris-collins-to-be-indicted-on-insider-trading-charge.html He represents parts of Erie and Niagara County where I live.
Buffalo_Gal Posted August 8, 2018 Posted August 8, 2018 They've been looking at him for at least a year for something, anything. Here's the indictment. Maybe true may be false. Innocent until proven guilty and all that "stuff". I wonder if there will be picketing in Spaulding Lake? ? Definitely a blow for Trump as Chris Collins was his first congressional supporter.
Koko78 Posted August 8, 2018 Posted August 8, 2018 Well... crap. Now I have to find a new Congresscritter to forget exists.
\GoBillsInDallas/ Posted August 8, 2018 Posted August 8, 2018 2 minutes ago, Koko78 said: Well... crap. Now I have to find a new Congresscritter to forget exists. When I first saw this thread I thought that they were talking about a Pats* player.
GG Posted August 8, 2018 Posted August 8, 2018 (edited) Funny how this is a topic now. Many here have been apalled at the double standard governing securities holdings by Congressmen and regular people. PS - What kind of system allows an active Congressman to sit on a corporate board? Edited August 8, 2018 by GG 1 1
4merper4mer Posted August 8, 2018 Posted August 8, 2018 4 minutes ago, GG said: Funny how this is a topic now. Many here have been apalled at the double standard governing securities holdings by Congressmen and regular people. It's possible that Harry Reid, Dianne Feinstein, John McCain, and Paul Ryan have engaged in these activities too. It still doesn't make it right. 1
GG Posted August 8, 2018 Posted August 8, 2018 1 minute ago, 4merper4mer said: It's possible that Harry Reid, Dianne Feinstein, John McCain, and Paul Ryan have engaged in these activities too. It still doesn't make it right. They, and possibly every member live by different rules that they expect common people to live by. 1
Pine Barrens Mafia Posted August 8, 2018 Posted August 8, 2018 13 minutes ago, GG said: They, and possibly every member rich person lives by different rules that they expect common people to live by. Fixed that for you.
Kevbeau Posted August 8, 2018 Posted August 8, 2018 35 minutes ago, 4merper4mer said: It's possible that Harry Reid, Dianne Feinstein, John McCain, and Paul Ryan have engaged in these activities too. It still doesn't make it right. Possible....you would think more people would ask how these people have the wealth/lifestyle that they do...on a job that pays 200K a year. (Before someone points it out, I get that some of them had money before being elected) 1
outsidethebox Posted August 8, 2018 Posted August 8, 2018 13 minutes ago, Kevbeau said: Possible....you would think more people would ask how these people have the wealth/lifestyle that they do...on a job that pays 200K a year. (Before someone points it out, I get that some of them had money before being elected) Cough....Maxine Waters....cough
3rdnlng Posted August 8, 2018 Posted August 8, 2018 18 minutes ago, westside said: Cough....Maxine Waters....cough Did she have money before becoming a congressperson?
Koko78 Posted August 8, 2018 Posted August 8, 2018 26 minutes ago, westside said: Cough....Maxine Waters....cough Didn't Nancy Pelosi somehow magically become a millionaire through her husband getting massive contracts, after she entered Congress?
Kevbeau Posted August 8, 2018 Posted August 8, 2018 6 minutes ago, Koko78 said: Didn't Nancy Pelosi somehow magically become a millionaire through her husband getting massive contracts, after she entered Congress? She was one of the ones that came to my mind as having money prior to office...but I'm not entirely positive.
Hirly5 Posted August 8, 2018 Posted August 8, 2018 12 minutes ago, Koko78 said: Didn't Nancy Pelosi somehow magically become a millionaire through her husband getting massive contracts, after she entered Congress? I remember a 60 Minutes piece on all the insider trading done in Congress. I believe it is from 2011. Both sides of the aisle do this crap. Of course we are 7 years later and not a damn thing has changed. 1
Koko78 Posted August 8, 2018 Posted August 8, 2018 5 minutes ago, Hirly5 said: I remember a 60 Minutes piece on all the insider trading done in Congress. I believe it is from 2011. Both sides of the aisle do this crap. Of course we are 7 years later and not a damn thing has changed. Remember the Golden Rule: He who has the gold makes the rules.
Nanker Posted August 8, 2018 Posted August 8, 2018 This guy is toast... and an a-hole to boot. He was on the Board of Directors and set off about a million dollar savings in trading on insider information about a major failed drug study. Shades of I. M. Clone and Martha Stewart. I have to believe that "most" of the "regular" good-ol-boy Insider Trading that the rest of our politicians do is by whispers from friends and not because they themselves are sitting on a BOD.
Pine Barrens Mafia Posted August 8, 2018 Posted August 8, 2018 Detestable behavior by the entirey of our congress. We are not a nation of laws, contrary to the belief of some around here. We never have been.
donbb Posted August 8, 2018 Posted August 8, 2018 Maybe Chris will finally do a townhall from his cell block. 2
boyst Posted August 8, 2018 Posted August 8, 2018 So, anytime a passerby says this whole thing is a right wing circle jerk maybe they can correctly see in this thread that it goes both ways. 2
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