Headline Roundup • August 8th, 2018
GOP Rep. Indicted on Insider Trading Charges
Summary from the AllSides News Team
Featured Coverage of this Story
Daily Beast
He sat on the board of a pharma company when its drug went bust. Before the bad news went public, he allegedly tipped off his son and friends so they could cut their losses.
President Trump's first friend in Congress is the latest to fall to the FBI. Rep. Chris Collins (R-N.Y.) was arrested Wednesday on charges of securities fraud and making false statements to the FBI.
Federal prosecutors in New York detailed the charges against Rep. Collins during a press conference on Wednesday. When Collins was a board member for the pharmaceutical company Innate, U.S. attorney Geoffrey Berman explained
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