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(21,946 posts)It's too obvious. The one with no character.
MyOwnPeace
(16,939 posts)"the one with no character, morals, or ethics!"
uponit7771
(90,364 posts)Watchfoxheadexplodes
(3,496 posts)Harris Faulkner is highly suspicious of the timing of this.
lame54
(35,326 posts)dumping your stocks before a major negative announcement
Ponietz
(3,024 posts)gademocrat7
(10,672 posts)George II
(67,782 posts)For some reason that cracked me up
Mr.Bill
(24,330 posts)because the republican voters will just say he's a really smart businessman. Even smarter if the investigation turns up tax fraud. These kinds of crimes are virtues to them, because they are crimes against the government which they all hate.
Never could understand why they run for leadership positions in the government they hate so much.
To paraphrase Ronald Reagan: Government is the problem, and I want to be in charge of it.
elmac
(4,642 posts)started the "small govmnt" crap and loved to destroy unions. I hope he is having fun burning in hell.
Ilsa
(61,698 posts)We don't know who, or what fund picked it up at inflated value, but this is a crime against other investors, even working investors with little 401(k)s.
LeftInTX
(25,565 posts)Government is the problem, therefore I am the problem.
woundedkarma
(498 posts)Does anyone have a quote somewhere that shows this came from Mueller? Or is this completely unrelated? I'm just curious. This is putting a smile on my face
BumRushDaShow
(129,543 posts)Their press release -
FOR IMMEDIATE RELEASE
2018-151
Washington D.C., Aug. 8, 2018
The Securities and Exchange Commission today announced the filing of insider trading charges against Congressman Christopher Collins, the U.S. Representative for New Yorks 27th Congressional District, his son, Cameron Collins, and a third individual, Stephen Zarsky. In a parallel action, the U.S. Attorneys Office for the Southern District of New York today announced related criminal charges.
Christopher Collins, who served as an independent director of an Australian biotech company, Innate Immunotherapeutics Ltd., is charged with tipping Cameron Collins after receiving confidential information about negative clinical trial results for Innates multiple sclerosis drug. Cameron Collins and his girlfriends father, Stephen Zarsky, are charged with trading and tipping others on the basis of the material, nonpublic information.
The SECs complaint alleges that Christopher Collins learned of the negative clinical trial results on the evening of June 22, 2017 in an email from Innates CEO to the board of directors, which stated that the CEO had extremely bad news indicating that drug trial results pretty clearly indicate clinical failure. The SEC alleges that Christopher Collins replied to the CEOs email within minutes, expressing his surprise at the results, and then called and spoke to his son minutes later.
According to the SECs complaint, later that same evening, Cameron Collins drove to Stephen Zarskys home and tipped him. The next morning, almost two hours prior to the market opening, Cameron Collins and Zarsky allegedly entered orders to sell Innate shares, which were executed just after the market opened. Over the next two trading days, Cameron Collins allegedly sold a total of nearly 1.4 million Innate shares. According to the complaint, a few hours after the last of these sales, Innate publicly announced the negative results of the clinical trial. The companys stock price then plummeted by more than 92 percent. Through their sales, Cameron Collins and Zarsky avoided losses of more than $700,000. The complaint also alleges that they contacted other friends and family members who also sold Innate shares in advance of the negative announcement.
We allege that Christopher Collins breached his duty of confidentiality to Innates shareholders, exploiting his access to nonpublic information about the companys clinical trial results so that his son could avoid significant financial losses, said Stephanie Avakian, Co-Director of the SEC Enforcement Division. Our laws are designed to prevent and punish such misconduct, which undermines investors trust in the fairness and integrity of our markets.
In the hours and days after learning of the drug trial results, Christopher Collins, his son, and their associates exchanged a flurry of calls, said Steven Peikin, Co-Director of the Enforcement Division. The investigation yielded a detailed footprint left by the defendants, revealing their frantic efforts to sell shares and warn others before Innate announced bad news.
The SECs complaint, filed in U.S. District Court for the Southern District of New York, charges Christopher Collins, Cameron Collins, and Stephen Zarsky with violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 as well as Section 17(a) of the Securities Act of 1933. The complaint seeks disgorgement of ill-gotten gains plus interest, penalties, and permanent injunctions. It also seeks an officer and director bar against Christopher Collins.
The SEC also announced settled charges today against Lauren Zarsky, Cameron Collins girlfriend, and her mother, Dorothy Zarsky, for trading on the basis of material, nonpublic information. Lauren Zarsky and Dorothy Zarsky consented to the entry of final judgments without admitting or denying the charges that they sold their shares of Innate based on tips they received from Cameron Collins. Lauren Zarsky agreed to disgorge her ill-gotten gains of $19,440, plus prejudgment interest of $839, and pay a civil penalty of $19,440. Dorothy Zarsky agreed to disgorge her ill-gotten gains of $22,600, plus prejudgment interest of $975, and pay a civil penalty of $22,600. The final judgments, which require court approval, would enjoin Lauren Zarsky and Dorothy Zarsky from violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and Section 17(a) of the Securities Act of 1933. Lauren Zarsky, a CPA, has also agreed to be suspended from appearing or practicing before the SEC as an accountant, which includes not participating in the financial reporting or audits of public companies. The SECs order permits Zarsky to apply for reinstatement after five years.
The SECs investigation has been conducted by William Max Hathaway, Colby A. Steele, Patrick McCluskey, and Carolyn M. Welshhans in the Enforcement Divisions Market Abuse Unit. The case has been supervised by Joseph G. Sansone, Chief of the Market Abuse Unit, and Robert A. Cohen. The litigation will be led by Melissa Armstrong and Cheryl Crumpton. The SEC appreciates the assistance of the U.S. Attorneys Office for the Southern District of New York and the Federal Bureau of Investigation.
###
https://www.sec.gov/news/press-release/2018-151
mobeau69
(11,156 posts)Cosmocat
(14,574 posts)this scumbag knew he was dirty, and is enabling the POTUS to be dirty to be in his good graces and hope that he can cover for him ... Likely the case in some way for most of the pukebags who are screaming for it to end. That is what crooks do.
mobeau69
(11,156 posts)DinahMoeHum
(21,812 posts)Instead, HE is gonna be sitting in the dock.
JHan
(10,173 posts)I hope Hillary is eating some schadenfreude pie today.
Cosmocat
(14,574 posts)WTFU with all this "they are both the same" bullshit, or whatever rationales they have to try to think republicans are something other than deranged scumbags ...
At this point they truly are deranged.
I'm really close to seeing Conservatism as the enemy of progress in every imaginable way.
literally ...
Bernardo de La Paz
(49,045 posts)mikeysnot
(4,757 posts)crooked republicans
Scurrilous
(38,687 posts)2naSalit
(86,802 posts)RICO dragnet! It's coming from the US southern District of NY, Manhattan baby! Cheato can't pardon these guys.
I see this as the start of a slow gathering up of the perps,a few at a time, hopefully all before the election. I hope to see all the r-Congressional toadies from my state along with that scum Sec of Int. getting scooped up in this dragnet. The r Senator and our one House Rep used to be in business together, one is a millionaire... you may remember him, he's they guy who floored a news correspondent the night before his election. But I digress.
This is good news as it, to me, signal the start of the perp parade!
bucolic_frolic
(43,311 posts)2naSalit
(86,802 posts)I would hope that something like that might take place. At least to keep them from doing more harm than they already have.
LeftInTX
(25,565 posts)Trump can pardon anyone with federal convictions.
Nixon pardoned Jimmy Hoffa.
2naSalit
(86,802 posts)Thanks, I should know that. I saw the NY part and got all excited.
LeftInTX
(25,565 posts)I know this cuz I read true crime...
Princess Turandot
(4,787 posts)where Giuliani had been. However, he did get the heads of the other 4 families' leaders, during the so-called "Mafia Commission" trial. (Gotti was not one of the 'bosses' at the time of those indictments, and was not part of that trial.)
yortsed snacilbuper
(7,939 posts)worstexever
(265 posts)I don't know why. Hard to keep up sometimes.
Ilsa
(61,698 posts)Doug Collins of North Georgia. Very rightwing, climbing the hierarchy in the House.
brer cat
(24,615 posts)He is one of the worst faux Christians so I enjoy sending him "love" notes pointing out his rank hypocrisy and disgusting lack of values or morals. In my last one (re: republicans kidnapping children), I told him that he had forced Jesus to enter the witness protection program to escape being identified with republican "family values."
The good news is that he is based in Gainesville "The Poultry Capital of the World" which is rapidly becoming majority Hispanic/Latino. I live for the day an Hispanic woman kicks his ass out of office.
spanone
(135,885 posts)usaf-vet
(6,213 posts)Grifters gaming the system ever chance they get.