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Business & Lifestyle

Collins sentenced to 26 months in prison for insider trading

NEW YORK (UPI) -- A Federal judge on Friday sentenced former Rep. Chris Collins of New York to 26 months in prison for insider trading. The Republican pleaded guilty to two counts -- conspiring to commit securities fraud and making false statements -- after initially facing an 11-count indictment. Federal prosecutors accused Chris Collins of encouraging his son, Cameron Collins, and Stephen Zarsky -- Cameron Collins' prospective father-in-law -- to sell their shares in Australian biotech firm Innate Immunotherapeutics using […]

January 18, 2020 8

National

Prosecutors seeking 5-year prison sentence for former Rep. Chris Collins

NEW YORK (UPI) -- Former Rep. Chris Collins should be sentenced to nearly five years in prison for insider trading, Federal prosecutors told a U.S. district court judge in filings Monday. Collins, 69, opted to continue serving in Congress while lying about his case to Federal investigators, prosecutors said in a letter to a Federal judge for the Southern District of New York. Collins, who was the first Congressman to endorse President Donald Trump's 2016 campaign, in October, pleaded guilty to […]

January 14, 2020 11

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