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sunonmars

(8,656 posts)
Thu Aug 9, 2018, 03:26 PM Aug 2018

Up to a dozen GOP congressmen could be in trouble in this insider trading scandal

https://www.houstonchronicle.com/news/politics/article/Houston-congressman-sold-biotech-stock-10-days-13141804.php

WASHINGTON – Ten days before the crash of an obscure Australian biotech stock at the center of Wednesday's federal indictment of New York Republican Rep. Chris Collins, Houston Republican John Culberson quietly sold all his shares.

Though the congressman lost $9,194 on the deal last year, the transaction would prove to be a fortuitous financial move, something he said he did "simply to cut my losses."

The Innate Immunotherapeutics stock, which Culberson sold on June 12, 2017, for about AU$7.35 a share, was worth less than 5 cents a share two weeks later on news of a failed clinical test for an experimental drug to treat multiple sclerosis.




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names coming out.....
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Up to a dozen GOP congressmen could be in trouble in this insider trading scandal (Original Post) sunonmars Aug 2018 OP
God, doesn't any republicans know how to make a buck the right way, ... SWBTATTReg Aug 2018 #1
He Sold 10 Days Before Crash LandOfHopeAndDreams Aug 2018 #2
Nothing is a coincidence with this lot...NOTHING. sunonmars Aug 2018 #3
I'm thiinking that headline will eventually read, "At least a dozen..." GoCubsGo Aug 2018 #4
Culbertson in Texas CD 7 is one of the republicans who need to account Gothmog Aug 2018 #5
 
2. He Sold 10 Days Before Crash
Thu Aug 9, 2018, 03:37 PM
Aug 2018

When did Collins find out that the clinical trials failed? I'm not sure they could tie it to this situation, unless it occurred following Collins learning about the failure. It will be interesting to see if another shoe drops.

GoCubsGo

(32,094 posts)
4. I'm thiinking that headline will eventually read, "At least a dozen..."
Thu Aug 9, 2018, 03:44 PM
Aug 2018

I just get the feeling this one is a lot more widespread than what it appears to be. And, deeper.

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