Two Collins associates plead guilty in insider trading case

The Hill 2 months ago

Two associates of former Rep. (R-N.Y.) have pleaded guilty in the same insider trading case that forced Collins to resign from the House earlier this week.

Cameron Collins, son of the disgraced lawmaker, and Stephen Zarsky, father of Cameron Collins's fiancée, pleaded guilty Thursday to one count of conspiracy to commit securities fraud. The maximum sentence for the crime is five years in prison. 

Former Rep. Collins pleaded guilty on Tuesday to one count of conspiracy to commit securities fraud and one count of false statements. False statements also carries a maximum sentence of five years in prison. The former representative was originally indicted on 11 charges. Because of his plea deal, former Rep. Collins won't be able to appeal any sentence less than 57 months.

The former congressman was arrested last year for trading with nonpublic information on an Australian biotech company.

His upstate New York seat will remain vacant until the 2020 election unless New York Gov. Andrew Cuomo (D) decides to call a special election.


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Fox News › Politics › 2 months ago
Rep. Chris Collins, R-N.Y., is expected to plead guilty later this week to insider trading charges, court documents indicate, marking an about-face for the embattled lawmaker, who pleaded not guilty earlier this month.
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Rep. Chris Collins (R-N.Y.) will plead guilty to insider trading, for which he was indicted last August, ...
Reuters › Finance › 2 months ago
Chris Collins, a Republican U.S. congressman from New York, is expected to plead guilty on Tuesday in a case charging him with taking part in an insider trading scheme involving an Australian biotechnology company.
CNN › Politics › 2 months ago
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