New York Rep. Chris Collins indicted on insider trading charges
The case is related to Innate Immunotherapeutics, an Australian biotech company, on which the elder Collins served on the board.
by Erik Ortiz and Jonathan Dienst / Aug.08.2018 / 8:33 AM ET
Chris Collins, a Republican congressman from upstate New York, surrendered to the FBI on Wednesday morning on securities fraud-related charges, prosecutors said.
Collins, 68, faces insider trading charges along with his son, Cameron Collins, and Stephen Zarsky, the father of Cameron Collins' fiancée, according to the U.S. Attorney's Office in the Southern District of New York.
The case is related to Innate Immunotherapeutics, an Australian biotech company, on which the elder Collins served on the board.
Collins, one of Donald Trump's early supporters in his bid for president, is expected to appear in federal court later Wednesday in Manhattan.
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