Trumpian response.
How do you know he did it? He didn’t do it. Don’t believe what the news is telling you. It’s fake news. Chris Collins is a great guy. It was some 400 lbs. guy living in his parents basement who found out about it and passed over to someone in the Deep State to make it look like Chris Collin’s son did it.
Only relative to the entire universe of insider trading crimes. If you limit it to Trump’s orbit, it’s above average as GK might put it.
And she was a Democrat. Made her a good target - 2 for 1.
Collins had to surrender his passport
(((snicker)))
Per cnn Collins is in photos at a White House function getting an email and then calling his son to give him the inside info. Later that evening his family started selling the company’s stock. Collins sits on a committee that oversees the Pharmaceutical industry and at the same time sits on the board of the company he had inside info on.
Sheesh
And he was the first in Congress to endorse trump’s candidacy.
He was released on half a $ million bond and will be holding a press conference in a few hours…Resignation??
Drain that swamp?
Collins had been dreading this moment ever since T. Price and is counting on his efforts as Trump’s valued minion to keep him out of jail. Let’s see how long it takes for resignation to be mentioned.
Just wait til Mr. Mueller reveals Dotard’s insider trading / emoluments / financial scams.
That’ll make Collins look like Warren Buffett.
Funny thing is, Collins himself couldn’t sell his shares as they were held in an Australian trust - or something like that. And Australia’s stock market was shutdown over the news before he could get his shares. But then like Martha Stewart, he and family lied to authorities. He may be hanging out with Trump before too long. Or perhaps he’ll request solitary.
Only if she had been a GOP male. That was her other crime - she gave money to Democrats.
Collins is about to speak. I bet he will resign.
GOP Race to the Bottom, Exhibit Upteenth-Trillionth: They can’t be bothered to even be competent felons anymore. There must be so much coke to snort off strippers’ butts that there is simply no time to worry about the details of malfeasance anymore.
And to think this was all triggered by the mere existence of Barack Obama—more than the GOP could psychologically handle.
I suspect that automation allows the SEC to routinely look for patterns in stock transactions - with heavy selling right before a major drop in the price of a stock being one of the major red flags for their system. And when they followed up to see who was behind the transactions…
I wonder if they’ve seen any correlation between stock transactions and Trump’s tariff announcements…
as a matter of fact they do exactly this. They pull all transactions around major events and look for matches for insiders and then going out, the possibility of 2nd hand information. That Collins was so stupid to not have this basic information says a lot about his stupidity, or arrogance to think it would not impact him to commit fraud.
Hillary and Obama will be blamed for Collins’ actions as well as for the collapse of the stock price. We all know republicans never commit crimes; they’re forced to do evil things by even more evil, omnipotent Demon-crats.