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Rep Chris Collins RNY., vows to fight insider trading charges

 

Rep. Chris Collins, R-N.Y., vowed Wednesday night to continue his campaign for re-election and fight federal charges that he used his position with an Australian biotech firm to help his family make illicit stock trades — and avoid more than $768,000 in losses.

Collins, 68, who was the first member of Congress to endorse Donald Trump for president in 2016, 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 Manhattan. The men are also charged with lying to the FBI in interviews to cover up the alleged scheme.

 The trio pleaded not guilty Wednesday afternoon in federal court in Manhattan and were awaiting release on $500,000 bail apiece.

At a news conference on Wednesday night, Collins, who is seeking re-election, said he planned to remain on the November ballot, calling the charges “meritless” and promising to “mount a vigorous defense in court to clear my name.”

“I believe I acted properly and within the laws at all times,” he said, adding: “Throughout my tenure in Congress, I have followed all rules and ethical guidelines.” Read more

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Rep Chris Collins RNY., vows to fight insider trading chargesRep. Chris Collins, R-N.Y., vows to fight insider trading charges

Rep. Chris Collins, R-N.Y., vows to fight insider trading charges

Rep. Chris Collins, R-N.Y., vows to fight insider trading charges

Rep. Chris Collins, R-N.Y., vows to fight insider trading charges

Rep. Chris Collins, R-N.Y., vows to fight insider trading charges

Rep. Chris Collins, R-N.Y., vows to fight insider trading charges

Rep. Chris Collins, R-N.Y., vows to fight insider trading charges

Rep. Chris Collins, R-N.Y., vows to fight insider trading charges