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GOP Rep. Chris Collins resigns, will plead guilty to insider trading

Rep. Chris Collins (R-N.Y.) is expected to plead guilty Tuesday to felony charges related to insider trading, two years after dismissing the allegations as a “witch hunt.”

Collins resigned Tuesday amid reports of his guilty plea, the Associated Press reported.

Collins, his son Cameron, and Stephen Zarsky, the father of Cameron’s fiancée, had all initially pleaded not guilty after the FBI arrested them in August 2018.

Federal court records show Collins is scheduled to appear for a “change of plea hearing” at 3:00 p.m. Eastern on Tuesday. Cameron and Zarsky are scheduled to appear for similar hearings Thursday.

All three face charges of securities fraud, wire fraud and making false statements.

At the time of his arrest, Collins told reporters the charges were “meritless” and that he would “mount a vigorous defense in court to clear my name.”

The charges incensed President Donald Trump, who attacked then-Attorney General Jeff Sessions for allowing the indictments to move forward, brazenly suggesting the Justice Department should prioritize party affiliation over criminality.

[huffpost.com]

LiterateHiker 9 Sep 30
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5 comments

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2

That slimy piece of shit has the congressional district just south of mine.

3

"Witch, witch, we've found a witch! How do you know he's a witch? He's a Republican".
Thank you Monty Python - Holy Grail.

2

Yup, just another “witch hunt”.... Or was that a ‘warlock hunt’ 😉 Maybe we’ve been lookin for the wrong gender 😀

Varn Level 8 Sep 30, 2019
3

Happy some people are sticking to the law over political; pressure

2

Because republicans are above the law or so he prays

bobwjr Level 10 Sep 30, 2019
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