Coverage of national and international news, including breaking stories. 2016. He was a very close ally of tom price, instrumental in price being chosen as Hhs Secretary. You know price has since left that post. Collins attorneys have released an official statement saying quote, we will answer the charges filed against Congress Collins in court. And will mount a vigorous defense to clear his good name. It is notable that even the government does not allege that congress man collins traded a single share of innate therapeutic stock. We are confident hell be completely vindicated and exonerated. The complaint also alleged that collins was at the white house attending the Congressional Picnic when he conducted some of the activity that led to the Insider Trading charges. This one is extraordinary for me. Hes nots just being investigated. Hes not just being charged. He was arrested. They knocked on his door and arrested him. A serving congressman. Wow. Joining me now nbc news
investigation
failed, he passed that information on to his son, but it wasn t public information yet. his son then allegedly told several others and all made quote timely trades company s stock. once news went public the stock plunged by 92%. indictment says the defendants avoided more than $768 grand in losses by selling their stock before the results went public. wo joining me now capitol hill correspondent and anchors. guys, i want to start with a quick flashback. january, 2017. jake sermherman tweets this. flash back overheard in the capital new york represent chris collins talking loudly into a phone off the house floor bragging about how many millionaires i ve made in buffalo in the last month. bragging about a stock he shared