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CNNW At This Hour With Kate Bolduan August 8, 2018 15:00:00

Kate Bolduan gives a fresh take on todays top stories. Zeldin. This is a very serious allegation. He misunderstands, i think, that his failure to directly sell his own shares is whats at issue. Whats at issue is his provision of nonpublic information to his son and another so that they could cut their losses in their sales. That violates the mail fraud statutes, securities fraud statutes, and there is not really much of a defense if in fact the facts in the allegation are true. Michael, this is sdny indicting a sitting member of Congress Months before an election. We know prosecutors are confident but i mean how airtight does this case need to be . Well, two things. First, we know from the from that which happened during the last 2016 election that youre not supposed to bring indictments against congressman and other political people within 60 days. So they just sort of snuck under the 60day donor election statute. Just. Yeah. Bu ....

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Detailed text transcripts for TV channel - CNN - 20180808:15:04:00

Zeldin. this is a very serious allegation. he misunderstands, i think, that his failure to directly sell his own shares is what s at issue. what s at issue is his provision of non-public information to his son and another so that they could cut their losses in their sales. that violates the mail fraud statutes, securities fraud statutes, and there is not really much of a defense if in fact the facts in the allegation are true. michael, this is sdny indicting a sitting member of congress months before an election. we know prosecutors are confident but i mean how air-tight does this case need to be? well, two things. first, we know from the from that which happened during the last 2016 election that you re ....

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Detailed text transcripts for TV channel - CNN - 20180808:15:05:00

Not supposed to bring indictments against congressman and other political people within 60 days. so they just sort of snuck under the 60-day donor election statute. just. yeah. but the fact is that, you treat public corruption in the same way you treat other crimes. when you have evidence of it, you indict as long as it is not within that 60-day period. like all cases you want to make sure that you have evidence sufficient to prove in court your allegations and they have a pretty air tight indictment here, it seems to me. chris collins deserves his day in court as well. his attorneys will be speaking out. they say his name will be cleared. interesting to see what happens at this press conference coming up in just a little bit. michael, thank you so much. that s the legal side of it. much more to come on that, believe me. but let s talk about the political side of it and fallout on capitol hill. here with me now, cnn politics reporter and editor at large, chris cillizza and nbc ....

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Detailed text transcripts for TV channel - CNN - 20180808:15:11:00

Trades. it is worth noting that when this trial failed, when it became public that it failed, chris collins got crushed. there were headlines, as the biggest shareholder in this company the stock price plummeted 90%-some. yeah. afterwards he said, this wasn t a good thing. they ll clearly defend him robustly and that s clearly the area they are going on but it is a daily indictment which is why they brought it, to be honest. i do think it is worth noting. michael touched on this. there is a political and there is a legal course these things will travel. political course remember back to ted stevens. he was indicted alaska senator indicted. he wound up losing that election. then it comes out later that, well, he s actually been cleared of the charges. so the legal process and the political process do not always line up. the political process can hurt you even when the legal process remains in progress. ....

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Detailed text transcripts for TV channel - CNN - 20180808:15:03:00

Detailed text transcripts for TV channel - CNN - 20180808:15:03:00
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