NY GOP rep Chris Collins arrested for insider trading

[zinfamous]

Arrest Of Trump Ally Chris Collins Could Take Down More Than A Half-Dozen Other Republicans

LOL

Well, that doesn't really say anything of merit. Some guy on Hardball suggests that Collins may have talked to five, or six, or seven other GOP congressman. It's really just some dude speculating out loud and tellingly, does not suggest he has any source for his comment or any real known targets.

 

[dyna]

It used to be legal for Congress to practice insider trading until 2013. Apparently they quickly passed this legislation to ban it while most of them were not there vote on it. https://www.npr.org/sections/itsall...ss-quietly-overhauled-its-insider-trading-law

There was no fanfare last week either, when the Senate and then the House passed the bill in largely empty chambers using a fast-track procedure known as unanimous consent.

They were literally printing free money with all the insider information they had. I'm glad its finally being enforced.

 

[K1052]

Collins has announced that he's suspending his campaign for re-election.

 

[Jhhnn]

It used to be legal for Congress to practice insider trading until 2013. Apparently they quickly passed this legislation to ban it while most of them were not there vote on it. https://www.npr.org/sections/itsall...ss-quietly-overhauled-its-insider-trading-law



They were literally printing free money with all the insider information they had. I'm glad its finally being enforced.

Collins had insider information because he was a board member, not a congressman. It would have been illegal before that law was passed.

 

[Jhhnn]

Collins has announced that he's suspending his campaign for re-election.

I wonder if the GOP can or will replace him on the ballot.Meanwhile, Fox claims victimhood, bias, poor Trumpie & so forth-

http://www.foxnews.com/entertainmen...d-at-work-after-arrest-rep-chris-collins.html

Must be one of those enemy of the People deals...

 

[hal2kilo]

I wonder if the GOP can or will replace him on the ballot.Meanwhile, Fox claims victimhood, bias, poor Trumpie & so forth-

http://www.foxnews.com/entertainmen...d-at-work-after-arrest-rep-chris-collins.html

Must be one of those enemy of the People deals...

Damn tattletale free press. Nobody's safe to have their own scams.

 

[nickqt]

Damn tattletale free press. Nobody's safe to have their own scams.

That’s why we have to deregulate industry, that way scamming people is no longer illegal.

 

[96Firebird]

I wonder if the GOP can or will replace him on the ballot.

Might not be so easy...

Under New York law, his name can't be pulled from the ballot at this point unless he dies, moves out of state or is nominated for another office.

https://www.whec.com/news/political-expert-discusses-what-next-collins/5026716/?cat=565

This is my parent's district, so I'm interested in how this will turn out. A lot of it is rural, so if they can't put another R on the ballot I'm wondering what will happen...

 

[dyna]

Collins had insider information because he was a board member, not a congressman. It would have been illegal before that law was passed.

https://www.cnn.com/2018/08/08/politics/chris-collins-indictment-questions/index.html

During this time, Collins has derided media reports surrounding his potential violation of the STOCK Act as "fake news" and even appealed to donors based on the negative press attention, seeking campaign contributions.

 

[Commodus]

Bumping this for a follow-up: Collins has resigned from the House.

I find it wild that he kept going with his campaign knowing what would likely happen to him later. Not so much that he won his seat, though -- as we've seen with Trump, many Republican supporters love corruption as long as it's on their side.

 

[MomentsofSanity]

At least he resigned. This morning he was saying he could Facetime his attendance.

 

[hal2kilo]

Bu, bye!

 

[Puffnstuff]

Swamp the drain!

An ideal first claimed by Al Gore but later embraced by Donald J Trump.....right? The GOP's lack of integrity is appalling!

 

[UNCjigga]

Duncan Hunter, you’re next.

 

[Sunburn74]

I am stunned that these guys who have indictments hanging over them still are getting re elected. Wtf are people thinking?

 

[Puffnstuff]

Wtf are people thinking?

They aren't which is why this is happening.

 

[hal2kilo]

Duncan Hunter, you’re next.

San Diego congressional districts have been crazified for a longtime. At least OC districts have moderated significantly in recent years.

 

[Aikouka]

I am stunned that these guys who have indictments hanging over them still are getting re elected. Wtf are people thinking?

I wouldn't be surprised if most people vote straight party (regardless of Democrat or Republican). It doesn't help that party politics are so stratified right now and so much appeal goes to hardliners that the idea of an "acceptable moderate" candidate is pretty much a pipedream.

Although, maybe the electing of Doug Jones in Alabama means that might not be completely true. I'd argue that Jones is far more moderate of a Democrat, but he managed to pull in enough voters from the other side to secure a victory. While I think his moderate stance was enough to help that victory, I do think his opponent probably helped even more. That makes me wonder... is it possible for moderates to win against a hardline opponent?

 

[sdifox]

I am stunned that these guys who have indictments hanging over them still are getting re elected. Wtf are people thinking?

Dead pimp can win so why not a criminal?

 

[allisolm]

After he was indicted: "During this time, Collins has derided media reports surrounding his potential violation of the STOCK Act as 'fake news' ..."

July 2019: ""I am innocent of the charges," Collins said. "Why would I ever even enter a plea deal? I’m innocent.I’m quite comfortable where I’ll be at the end of all this, which is not guilty," Collins said.

Sep 2019: Enters not guilty plea - for the second time.

Oct 2019: Chris Collins pleads guilty to federal crimes and resigns from Congress."By pleading guilty, Collins avoided a broader set of charges from the superseding indictment, including securities fraud, conspiracy to commit wire fraud and wire fraud."

So, he admits guilt AND makes a plea deal. Swamp drains a bit more.

 

[s0me0nesmind1]

After he was indicted: "During this time, Collins has derided media reports surrounding his potential violation of the STOCK Act as 'fake news' ..."

July 2019: ""I am innocent of the charges," Collins said. "Why would I ever even enter a plea deal? I’m innocent.I’m quite comfortable where I’ll be at the end of all this, which is not guilty," Collins said.

Sep 2019: Enters not guilty plea - for the second time.

Oct 2019: Chris Collins pleads guilty to federal crimes and resigns from Congress."By pleading guilty, Collins avoided a broader set of charges from the superseding indictment, including securities fraud, conspiracy to commit wire fraud and wire fraud."

So, he admits guilt AND makes a plea deal. Swamp drains a bit more.

Heh, sad. I wonder if resigning was part of the plea deal?

With the likes of Trump I can totally see someone being guilty of this but still trying to hold their position in Congress.

 

[Sunburn74]

After he was indicted: "During this time, Collins has derided media reports surrounding his potential violation of the STOCK Act as 'fake news' ..."

July 2019: ""I am innocent of the charges," Collins said. "Why would I ever even enter a plea deal? I’m innocent.I’m quite comfortable where I’ll be at the end of all this, which is not guilty," Collins said.

Sep 2019: Enters not guilty plea - for the second time.

Oct 2019: Chris Collins pleads guilty to federal crimes and resigns from Congress."By pleading guilty, Collins avoided a broader set of charges from the superseding indictment, including securities fraud, conspiracy to commit wire fraud and wire fraud."

So, he admits guilt AND makes a plea deal. Swamp drains a bit more.

Basically the initial charge was just the tip of the iceberg and he was even shadier once they began digging.