US Politics in Trump era
New York Congressman Chris Collins Is Charged With Insider Trading
The charges against Mr. Collins, a New York Republican who was one of President Trump’s earliest and most ardent supporters, stem from his involvement with Innate Immunotherapeutics Limited, a small drug maker based in Australia, which had no approved drugs but several well-placed allies in the capital.Within minutes of learning about the company’s unsuccessful test, Mr. Collins frantically called his son, Cameron Collins, who, in the days that followed, sold off his stock, avoiding losses of more than $570,000, prosecutors said.