Fiance and her father. All told, the congressman and his family avoided over 768,000 in losses according to the document. And the big question we are asking today is, what does the arrest of Congressman Collins mean for the midterms . Joining me nbc news political director and moderator of meet the press, chuck todd. Nbc news investigations reporter tom winter, New York Times chief metro Political Correspondent shane gold macher and former s. E. C. Enforcement attorney seth waxman. Tom, you have been following this. You were downtown a little bit earlier today. Here is a statement from collins lawyer saying we will answer the charges filed in court and will mount a defense to clear his good name. It is notable the government does not allege that Congressman Collins traded a single chair of Innate Immunotherapeuticss stock. We are confident he will be
Katy Tur hosts coverage of national and international news, including breaking stories. But they seem to certainly come prepared for this
News, analysis and interviews with politicians and observers. When the public trial for the drug was about to be announced as a failure. Want to read a little from the complaint. Mis 416 had the potential to be an enormously profitable if the drug trial was successful. The drug, however, failed the drug trial. Public announcement of these results caused the stock price to drop by 92 . In or about june of 2017, Christopher Collins violated the duties he owed to innate by Passing Material Nonpublic information regarding the Drug Trial Results to his son the defendant so that Cameron Collins could use that information to make timely trades in innate stock and tip others. In detail, it was stunning from the actual complaint itself, those phone calls or the initial ones from the congressman to his sn, they took place on the grounds of the white house, during the white house congressional picnic. Anybody who has been paying attention to Chris Collins on capitol hill the last couple of years
David Gura hosts coverage of national and international news, including breaking stories. Much. I want to dig into this more. Josh and lynn is joining me. Lynn, let me start with you. Geoff bennett mentioning the 27 district in new york and this is a district that sort of hugs buffalo, it is in upstate new york. And donald trump won that district by almost 25 points back in 2016. You look at the electoral record for the congressman who has announced he is suspending his campaign. Chris collins won that district 67 of the vote back in 2016. Let me put the same question to you as i put to jeff, what is the import of this as you look ahead to the midterms . It depends if he gets his name off the ballot. That is the next question we have to ask. Local authority determine the rules for elections. If his name stays on the ballot, then it might make it improbable that a democrat would be elected. After all, a long time ago when
release of the book. What do you make of the white house approach
Interviews with political figures and news updates. Interviews with political figures and news updates. Able to sell the shares. They have telephone logs, who called whom and when. It appears they have people helping the government out with the testimony. As mimi said, andrea, its kind of overwhelming evidence thats difficult for federal prosecutors to ignore. And chuck todd, weve not yet seen to my knowledge a tweet from the president or any suggestion that this is witch hunt, mueller related. But this is really separate, this is an investigation that started, there was an Ethics Investigation that we heard about some months back, last year sometime. And so this does not come from the Mueller Operation at all. Right. And thats the thing, it has zero to do this is just bad timing, bad coincidence. And it looks bad, right . Here is yet another person close to the president who seems to be taking advantage of access,
special access, or a pay to play issue. The president s ally, the presi
Courts been in session, julia . Reporter so court is just Getting Started behind me, hallie. They had a little bit of a delay this morning but right now were seamana for thes Defense Attorney come up to the front. Hes ready to ask rick gates more questions. On the way into court downey said they were feeling good and confident today that they are doing well in this case, especially because he is now continuing that crossexamination. It was pretty ruthless yesterday. They found gates to be someone who had a secret life. They had him detail this private flat london that he used to have an affair. Talked about stealing hundred of thousands of dollars from paul man for the. They also started asking him about like to the fbi and for some reason gates was a little squirrely on that issue. He wouldnt come out and said he did it even though thats what he pled guilty to just months ago. Theyre trying to paint someone that the jury would not believe as credible, which is key to their defense str