Chris Collins, First U.S. Lawmaker To Endorse Trump, Gets 26-Month Prison Sentence
Paul Blumenthal
January 17, 2020, 4:48 PM CST
A judge on Friday sentenced former Rep. Chris Collins (R-N.Y.), an early and staunch ally of President Donald Trump, to 26 months in prison after he pleaded guilty last September to conspiracy to commit securities fraud.
Collins, the first member of Congress to endorse Trump’s 2016 presidential bid, used his position as the largest shareholder in the Australian biotechnology company Innate Immunotherapeutics to illegally give other stockholders an inside tip that a test of the company’s main product had failed.
Paul Blumenthal
January 17, 2020, 4:48 PM CST
A judge on Friday sentenced former Rep. Chris Collins (R-N.Y.), an early and staunch ally of President Donald Trump, to 26 months in prison after he pleaded guilty last September to conspiracy to commit securities fraud.
Collins, the first member of Congress to endorse Trump’s 2016 presidential bid, used his position as the largest shareholder in the Australian biotechnology company Innate Immunotherapeutics to illegally give other stockholders an inside tip that a test of the company’s main product had failed.
