Republican Representative Chris Collins was arrested and charged with insider trading earlier this morning.
Collins, who represents the 27th congressional district of New York, turned himself into the FBI. Politico has the full scoop:
Rep. Christopher Collins (R-N.Y.) was indicted Wednesday by federal prosecutors and charged with wrongdoing connected to an alleged insider trading scheme linked to his investments in an Australian biotech firm.
The third-term congressman, who represents a district in western New York, was the first member of Congress to back President Donald Trump’s candidacy during the 2016 election. He was charged, along with his son, with securities fraud, wire fraud and making false statements to the FBI.
BREAKING NEWS: GOP Rep. Collins indicted, charged with securities fraud https://t.co/5FOPipceRC
— POLITICO (@politico) August 8, 2018
Now, excluding other charges against Collins, insider trading is a petty crime, and one that some economists have argued shouldn’t be a crime. Economist Robert Murphy has argued that insider trading is really a free speech issue with no actual victims. Why should investors be barred from using their knowledge and skill to capitalize on the market?
Even so, insider trading remains a crime, and Collins was wrong to engage in it and thereby break the law.
Interestingly enough, a strange fact of Collins’s arrest hasn’t been lost on some observers. Many have pointed out that he was one of the first congressional backers of Donald Trump’s presidential campaign.
#BREAKING: Trump-loving GOP congressman Chris Collins gets arrested by the FBI on securities fraud charges https://t.co/SkEYT7t93w
— Raw Story (@RawStory) August 8, 2018
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One of Donald Trump’s earliest Republican supporters, Rep. Chris Collins, was just arrested by the FBI for insider trading. It’s almost as if everyone associated with Trump is a criminal or something 😆
— Palmer Report (@PalmerReport) August 8, 2018
Hahaha #ETTD in action:
Congressman Chris Collins (R-NY) arrested for insider trading.
He was Trump’s 1st Congressional endorsement.
— Rick Wilson (@TheRickWilson) August 8, 2018
How odd. But let’s not forget that some of Hillary Clinton’s congressional backers don’t have clean noses either. Rep. Luis Gutierrez was an early supporter of Clinton and he was arrested several times during protests. (RELATED: Rep. Luis Gutierrez Arrested In Capitol Hill Protest.)
It just goes to show that a politician’s supporters aren’t always law-abiding individuals. Everyone pointing out the Trump-Collins connection seems to forget that Hillary attracted criminals into her orbit like a field of daises attracts bees.
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Don’t forget the former politician lobbyists who take millions from large drug firms and insurance firms to make health care unaffordable for Americans. These no good c**ks**ke** know how to grease the palms of the politicos who make these laws against the USA.
If it weren’t for President Obama we might not have done the intelligence community assessment that we did that set up a whole sequence of events which are still unfolding today including Special Counsel Mueller’s investigation. President Obama is responsible for that. It was he who tasked us to do that intelligence community assessment in the first place. CLAPPER’S OWN CONFESSION
AMERICANS WE HAVE TO TAKE BACK OUR AMERICA FROM THE EVIL CRIMINAL ACTS OF DEMOCRATS………………………..TO SOLVE AMERICAS PROBLEMS MAKE THIS CHOICE WE THE PEOPLE’ HAVE THE POWER OF OUR VOICES AND OUR VOTES, TO VOTE OUT THE ENTIRE LYING,CORRUPT, TREASONOUS DEMOCRAT PARTY COME NOV 2018, VOTE TO MAKE AMERICA GREAT AGAIN AND TO END ALL CORRUPTIONS IN WASHINGTON GOVERNMENT
Guess the law is still working for the Democrat’s.
When did insider trading become illegal for congress ?
This was totally legal for congress to practice insider trading. That is one reason that they are all rich.
In his book, Throw Them All Out, Peter Schweizer describes members of Congress involved in insider trading such as Speaker Nancy Pelosi yet these members of Congress seemed to be exempt from the laws applying to everybody else. While Nancy Pelosi was shepherding legislation affecting VISA, she or her husband made a huge investment in VISA stock and Nancy Pelosi and her husband made a killing off of their investment in VISA as a result of her action in Congress. No charges were made against Nancy Pelosi. It seems that the DOJ and FBI only target Republicans and in particular Trump supporters. Justice should be applied equally to all.
Let’s ask a question no one is answering: Is America still selling uranium to Russia today 8-9-2018?? The people that set this up to sell uranium to Russia are ALL CRIMINALS and need to be tried by a military trial
I’m not certain of the facts, that we have them all and that the prosecution has made its case until there is a plea bargain or trial I will continue to do the American thing and presume he is innocent until proven to be a Trump supporter.
Translation: Trump will pardon him.
Acceptance of a pardon is an acceptance of guilt. You Trumptards know that…right?
Bogus charges , he will be cleared . Meanwhile Susan Rice has a current net worth of 50,000,000 and Obama now has a net worth of 20 million and Clinton and Mueller smuggle in 400 million dollars from Russia for selling America’s Uranium and if thats not bad enough they never paid taxes on any of it.
Don’t forget folks Clinton still has not come up with the 6 billion dollars she stole from the State Dept when she was Secretary of State , it’s still missing .
Libtards are trying to make a guy who is the smallest fish ever and that nobody cares about a priority LOL , truly pathetic.
The good thing though is at least GOP people aren’t arrested for pedophilia like every other democrat is .
He probably didn’t do anything wrong. Just another Bolshevik style terror campaign against Republicans.
Correct, but I doubt seriously that this even rises (or sinks) to the same level as the Kerry/Biden deal. Bolshevik style rousting, persecution and punishment.
Two other names come to mind, John Kerry and Joe Biden! If you check the news reports, didn’t Kerry’s and Biden’s sons get involved in something quite similar? How come they weren’t arrested? I guess being a Democrat get’s you a, “Pass!” https://nypost.com/2018/03/15/inside-the-shady-private-equity-firm-run-by-kerry-and-bidens-kids/
Most politicians benefit from “insider trading” ALL the time; especially those on the LEFT, BUT let someone on the right do it, or “especially” a private citizen – – remember Martha Stewart?? It’s only a crime “because” liberals say so, even tho’ they practice that “illegal act” every day. Remember the old saying “do what I say, not what I do”; that is the liberal’s mantra!
But it’s ok if you are a Republican…
Insider trading is a crime period.
When they say NY, and republican, I think Democrap in sheeps clothing. ANd if he broke the law, after they got caught in the congress a few years ago, then put his butt in jail. If it were me or you, they would. Those A##hats break the law, they want us to feel sorry because he supported Trump? Really ? A thief, is a thief. The letter at the end of their names means nothing. Or does it mean that I can do inside trading, and put a R at the end of my name and get off scott free? NO, it means I will have a new boyfriend named Hector.
Greedy dumba$$
If he wasn’t a Trump supporter would we even be hearing about this? Would he have even been arrested?
One more reason for me and you to distrust career politicians.
It’s a small crime, stupid
….against the law since 2012…..I think that is a good thing….
Giving new meaning to the term, “Trumped up Charges.”
So what? All the democRATS are corrupt a33holes, communist sympathizers, ISIS-financers and antifa-buttttt-lickers. If I am the FBI I would arrest the entire democRATic party even those who voted just one time for them.
Hmmmmmm. The FBI can arrest a Republican for something as innocuous as insider trading but they can’t do anything about all of the criminal activity during the Obama and Clinton years. I guess insider trading is worse than gross negligence related to top secret and secret material, framing a presidential candidate, and illegally giving millions of dollars to a regime supports terrorism. Donald better shut down Sessions, Rosenstein, and Wray. Things are getting out of hand.
Now that the FBI has been weaponized to target Republicans, guess they’re just going to charge everybody in sight with “lying to the FBI.” And if that doesn’t work, there is always the ever-useful charge of “insider trading.”
Don’t see how a CONGRESSMAN can be charged with INSIDER TRADING in the FIRST PLACE, when freaking Nancy Pelosi and numerous OTHERS in Congress became MILLIONAIRES due to “insider trading” because Congress is EXEMPT from “insider trading” laws, so just what IS this BS, except another FBI Republican HIT JOB?
Sigh. Martha Stewart II. Roseatom, anyone
obamba’s “Fairness Test” is typical of his double/triple/quadruple Teleprompter Readings. He failed his own test . . . nothing unusual here . . . just more obamba Regime. :)
https://www.investors.com/politics/editorials/obama-flunks-his-own-fairness-test-in-state-of-the-union/
Nancy Pelosi and her husband made tens of millions$ from knowledge she gained as an elected official. John Kerry and many other Senators were said to have been enriched by ‘inside’ knowledge …. something’s going on here that doesn’t meet the Obama ‘fairness’ test!
And what would I be going to prison for? Please enlighten me.
Oh…I’m real :)
NOTE TO POLITICAL INSIDER: Scott is a FAKE Account. Check his Facebook page and delete him.
Hey Scott, when you get to the prison, you will not need a soap… Bruhahahahahahahahahahahahahahahahhhhhhahahahahahaha!
Hey Chris…
DON’T DROP THE SOAP!!
BWAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
It’s a concerted effort by the swamp to stop the drainers with malicious prosecution. It’s a long way from here to conviction though.
What I understand is, the rules for insider trading are different for members of Congress than for we lesser beings; basically, insider trading that is a crime for stockbrokers and others is NOT a crime for Congress. These charges are “Trumped” up because of his support for Trump.
Coincidentally, members of Congress are also up for reelection this year; how convenient for his Democrat opponent!
And witch hunts are so good, when there are witches to hunt and take down…
Simply amazing to watch the rationalization used here…”… insider trading is a petty crime, and one that some economists have argued shouldn’t be a crime.”… not really a surprise…
Bingo!
looks like the start of the rod rosensteen witch hunt for any and all GOP members before the mid term elections
WHITEWATER
Don’t forget the former politician lobbyists who take millions from large drug firms and insurance firms to make health care unaffordable for Americans. These no good c**ks**ke** know how to grease the palms of the politicos who make these laws against the USA.
If it weren’t for President Obama we might not have done the intelligence community assessment that we did that set up a whole sequence of events which are still unfolding today including Special Counsel Mueller’s investigation. President Obama is responsible for that. It was he who tasked us to do that intelligence community assessment in the first place. CLAPPER’S OWN CONFESSION
AMERICANS WE HAVE TO TAKE BACK OUR AMERICA FROM THE EVIL CRIMINAL ACTS OF DEMOCRATS………………………..TO SOLVE AMERICAS PROBLEMS MAKE THIS CHOICE WE THE PEOPLE’ HAVE THE POWER OF OUR VOICES AND OUR VOTES, TO VOTE OUT THE ENTIRE LYING,CORRUPT, TREASONOUS DEMOCRAT PARTY COME NOV 2018, VOTE TO MAKE AMERICA GREAT AGAIN AND TO END ALL CORRUPTIONS IN WASHINGTON GOVERNMENT
Guess the law is still working for the Democrat’s.
When did insider trading become illegal for congress ?
This was totally legal for congress to practice insider trading. That is one reason that they are all rich.
In his book, Throw Them All Out, Peter Schweizer describes members of Congress involved in insider trading such as Speaker Nancy Pelosi yet these members of Congress seemed to be exempt from the laws applying to everybody else. While Nancy Pelosi was shepherding legislation affecting VISA, she or her husband made a huge investment in VISA stock and Nancy Pelosi and her husband made a killing off of their investment in VISA as a result of her action in Congress. No charges were made against Nancy Pelosi. It seems that the DOJ and FBI only target Republicans and in particular Trump supporters. Justice should be applied equally to all.
Let’s ask a question no one is answering: Is America still selling uranium to Russia today 8-9-2018?? The people that set this up to sell uranium to Russia are ALL CRIMINALS and need to be tried by a military trial
I’m not certain of the facts, that we have them all and that the prosecution has made its case until there is a plea bargain or trial I will continue to do the American thing and presume he is innocent until proven to be a Trump supporter.
Bogus charges , he will be cleared . Meanwhile Susan Rice has a current net worth of 50,000,000 and Obama now has a net worth of 20 million and Clinton and Mueller smuggle in 400 million dollars from Russia for selling America’s Uranium and if thats not bad enough they never paid taxes on any of it.
Don’t forget folks Clinton still has not come up with the 6 billion dollars she stole from the State Dept when she was Secretary of State , it’s still missing .
Libtards are trying to make a guy who is the smallest fish ever and that nobody cares about a priority LOL , truly pathetic.
The good thing though is at least GOP people aren’t arrested for pedophilia like every other democrat is .
Translation: Trump will pardon him.
Acceptance of a pardon is an acceptance of guilt. You Trumptards know that…right?
He probably didn’t do anything wrong. Just another Bolshevik style terror campaign against Republicans.
Two other names come to mind, John Kerry and Joe Biden! If you check the news reports, didn’t Kerry’s and Biden’s sons get involved in something quite similar? How come they weren’t arrested? I guess being a Democrat get’s you a, “Pass!” https://nypost.com/2018/03/15/inside-the-shady-private-equity-firm-run-by-kerry-and-bidens-kids/
Correct, but I doubt seriously that this even rises (or sinks) to the same level as the Kerry/Biden deal. Bolshevik style rousting, persecution and punishment.
Most politicians benefit from “insider trading” ALL the time; especially those on the LEFT, BUT let someone on the right do it, or “especially” a private citizen – – remember Martha Stewart?? It’s only a crime “because” liberals say so, even tho’ they practice that “illegal act” every day. Remember the old saying “do what I say, not what I do”; that is the liberal’s mantra!