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.

Source link
Read also:
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.
Business Insider › 2 months ago
GOP congressman Chris Collins will plead guilty in an insider-trading case, Bloomberg reported Monday, citing court documents and sources close to the matter. The House Representative for New York's 27th District first pled not guilty after being...
ABC News › Finance › 2 months ago
Court records show U.S. Rep. Chris Collins is expected to plead guilty in an insider trading case accusing him of leaking confidential information in an urgent phone call made from a White House picnic
NBC News › Politics › 2 months ago
New York Republican Collins was the first member of Congress to back Trump's presidential bid. He's now expected to plead guilty to insider trading.
The Hill › 2 months ago
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
New York Rep. Chris Collins is expected to plead guilty Tuesday to federal charges in an insider trading case, according to court documents filed Monday and a person familiar with the matter.
The Daily Beast › Politics › 2 months ago
REUTERSRep. Christopher Collins (R-NY) will change his not-guilty plea on criminal charges of insider trading, according to court papers. Collins is scheduled to appear before a judge on Tuesday in Manhattan, where federal prosecutors charged him with...
Axios › Politics › 2 months ago
Rep. Chris Collins (R-N.Y.) is resigning ahead of a hearing Tuesday in which he is expected to change his "not guilty" plea in a criminal insider trading case, Speaker Nancy Pelosi's office confirmed Monday.The big picture: In August 2018, Collins was...
USA Today › Politics › 2 months ago
Congressman Chris Collins is resigning from following reports that he is expected to plead guilty tomorrow on criminal insider-trading charges.
Sign In

Sign in to follow sources and tags you love, and get personalized stories.

Continue with Google