Wolf Blitzer looks at politics, Breaking News and international stories. Night that he found out some Bad Information about the company. And then proceeded to tip off his son who also invested in the company. So take a look at this timeline. This was on june 22nd of 2017, summer of last year. At 6 55 p. M. , the indictment says he received an email from the ceo of the company saying that a drug trial had been a failure. Now 16 minutes later, at 7 11 p. M. , he starts calling his son. He tries to make that call four times before he is successful. And at 7 16, he speaks to his son and informs him about this information that he had learned. And it is the next day, 7 42 a. M. , in the morning, that his son starts putting in orders to sell off his shares of his stock in this company. N ultimately, the indictment says that he was able to avoid some 570,000 in losses. Now a lot of congressional reporters are actually already familiar with this company Innate Immunotherapeutics
Congressman Col
sean this is hell. this is going to destroy the ability of good people to come forward because of this. to my republican colleagues come if you vote no, you are legitimizing the most despicable thing i have seen in my time and politics. period you want to see it? i hope you never get it. i hope you are on the supreme court. that is exactly where you should be. and i hope the american people will see to this charade. sean: senator lindsey graham, south carolina, one of the most powerful moments of supreme court justice brett kavanaugh confirmation hearing last year. well, the left is still not done
back now to one of our top stories this hour. republican congressman chris collins of new york arrested on charges of insider trading. prosecutors say collins tipped off his son about negative information regarding a biotech firm. collins was on the board of. his son was able to then sell off shares avoiding more than half a million in losses. collins was already, by the way, under scrutiny for his role on the board, as well as recruiting several lawmakers to invest in the firm, including the former health and human services secretary tom price when he was a member of congress. price s investment, by the way, came up during his confirmation hearing last year. i asked congressman collins about it at the time. here s what he told me. this is in january of 2017. did you encourage him to buy stock in this company called innate immunotherapeutics? no, absolutely not. there was nothing done that was insider trading or unethical.