Sitting Trumper GOP Congressman Chris Collins (NY) Arrested by FBI on Insider Trading

[Hugo Stiglitz 23,367]

Washington (CNN)New York Republican Rep. Chris Collins has been charged with alleged securities fraud, wire fraud and false statements, the Justice Department announced Wednesday.

Collins, who was the first sitting member of Congress to endorse Trump's presidential bid, surrendered this morning at his attorney's office in Manhattan, according to the FBI. 

This story is breaking and will be updated with additional information.

https://www.google.com/amp/s/amp.cnn.com/cnn/2018/08/08/politics/chris-collins-indicted-insider-trading/index.html

[Brisketexan 105,083]

Whatever.  He'll get off, be pardoned, or both. #MAGA.

[Hugo Stiglitz 23,367]

11 minutes ago, Brisketexan said:

Whatever.  He'll get off, be pardoned, or both. #MAGA.

Well, at least they’re still getting indicted instead of just looking the other way.

[kevwun 15,770]

I don't think he will wiggle out of it.  He sounds pretty fucked from what I have read.

Edited August 8, 2018 by kevwun

[jimmyjazz 45,894]

My naivete leads me to believe that if Trump starts pardoning people who have committed serious felonies then it will actually backfire.  A lot of people are willing to look the other way on campaign "shenanigans", but insider trading is a whole different thing.

Oh, who am I kidding?

[Brisketexan 105,083]

15 minutes ago, jimmyjazz said:

My naivete leads me to believe that if Trump starts pardoning people who have committed serious felonies then it will actually backfire.  A lot of people are willing to look the other way on campaign "shenanigans", but insider trading is a whole different thing.

Oh, who am I kidding?

Exactly.

See, this is just a witch hunt by the communist antifa libtards who are attacking all the MAGA patriots, and our hero Trump has to right those wrongs.  This is what the pardon power is actually FOR -- to protect against baseless witch hunt political persecution!  #MAGA.

[Js1 85,297]

18 minutes ago, Hugo Stiglitz said:

Well, at least they’re still getting indicted instead of just looking the other way.

These god damn Congresscritters need to be indicted. Most of them go into office and within 1-2 terms become rich AF. They're all doing this.

[wildcat09 29,348]

16 minutes ago, jimmyjazz said:

My naivete leads me to believe that if Trump starts pardoning people who have committed serious felonies then it will actually backfire.  A lot of people are willing to look the other way on campaign "shenanigans", but insider trading is a whole different thing.

Oh, who am I kidding?

Insider trading, like tax evasion, is smart when Republicans do it.

[Dahobbs 17,529]

I haven't looked into the details of this, but I thought insider training law included an exception for Congress folks, at least for what they learn in their role in Congress. 

[jimmyjazz 45,894]

12 minutes ago, Dahobbs said:

I haven't looked into the details of this, but I thought insider training law included an exception for Congress folks, at least for what they learn in their role in Congress. 

Well, that would make no sense whatsoever, so you're probably right.

[conVINCEd 21,469]

12 minutes ago, Dahobbs said:

I haven't looked into the details of this, but I thought insider training law included an exception for Congress folks, at least for what they learn in their role in Congress. 

Good idea.  If there’s not an exception currently, there will be one soon.

Your congressman 

[Hugo Stiglitz 23,367]

22 minutes ago, Js1 said:

These god damn Congresscritters need to be indicted. Most of them go into office and within 1-2 terms become rich AF. They're all doing this.

Yep.  But this arrest is a good start in sending the message that they need to cover their tracks a lot better if they want to keep cheating the system without accountability from law enforcement.

Edited August 8, 2018 by Hugo Stiglitz

[Js1 85,297]

18 minutes ago, Dahobbs said:

I haven't looked into the details of this, but I thought insider training law included an exception for Congress folks, at least for what they learn in their role in Congress. 

https://en.wikipedia.org/wiki/STOCK_Act

Quote

The bill prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees. It confirms changes to the Commodity Exchange Act, specifies reporting intervals for financial transactions.

Quote

Declares that such Members and employees are not exempt from the insider trading prohibitions arising under the securities laws, including the Securities Exchange Act of 1934 and Rule 10b-5. Amends the Securities Exchange Act of 1934 to declare that such Members and employees owe a duty arising from a relationship of trust and confidence to Congress, the U.S. government, and U.S. citizens with respect to material, nonpublic information derived from their positions as Members or congressional employees or gained from performance of the individual's official responsibilities.

 

Edited August 8, 2018 by Js1

[BrazilHorn 6,586]

Good, Fuck him and the rest. I remember reading an article not too long ago that showed how the average stock portfolio return for members of Congress was better than the best hedge fund managers.

All of them of money grubbing, self serving thieves. Why we cannot have term limits (although that may make graft worse to be fair) is beyond me.

[wildcat09 29,348]

The legal penalty for any congressman caught abusing his position to carry out a crime to enrich himself or friends of his should automatically be at least triple whatever the normal penalty would be.

[triplehorn 2,664]

Receipts show multiple Congressmen were in on the Innate Immunitherapeurics stock trade:  Mike Conaway. Billy Long.  Doug Lamborn. John Culberson.  Oh, and Tom Price.

Edited August 8, 2018 by triplehorn

[Js1 85,297]

13 minutes ago, wildcat09 said:

The legal penalty for any congressman caught abusing his position to carry out a crime to enrich himself or friends of his should automatically be at least triple whatever the normal penalty would be.

And barred from running for any federal office or holding a position in the United States Federal Government ever again. Period.

Edited August 8, 2018 by Js1

[Gap03 3,304]

56 minutes ago, Brisketexan said:

Exactly.

See, this is just a witch hunt by the communist antifa libtards who are attacking all the MAGA patriots, and our hero Trump has to right those wrongs.  This is what the pardon power is actually FOR -- to protect against baseless witch hunt political persecution!  #MAGA.

Am I the only one who reads all statements that end with "#MAGA" in Clayton Bigsby's voice?

 

[triplehorn 2,664]

Innate Immunotherapeutics stock receipts:

Mike Conaway:

Spoiler

Doug Lamborn:

Spoiler

Billy Long:

Spoiler

John Culberson:

Spoiler

 

 

[HOOK'EMHOOAH 1,610]

[Hugo Stiglitz 23,367]

Looks like the congressman's kid is also in trouble.

[bernorange 8,359]

2 hours ago, BrazilHorn said:

Good, Fuck him and the rest. I remember reading an article not too long ago that showed how the average stock portfolio return for members of Congress was better than the best hedge fund managers. ...

I would have like to read that.  It confirms my suspicion that almost every member of Congress engages in insider trading and shady financial dealings. 

[BrazilHorn 6,586]

was a bit longer back than I remembered (2011) but they also compared it to their work in 2004 and saw similar gains.

https://journalistsresource.org/studies/government/congress/stock-market-returns-us-representatives

Crosses party lines, they're all crooks.

[Dahobbs 17,529]

16 minutes ago, BrazilHorn said:

was a bit longer back than I remembered (2011) but they also compared it to their work in 2004 and saw similar gains.

https://journalistsresource.org/studies/government/congress/stock-market-returns-us-representatives

Crosses party lines, they're all crooks.

Right, but back then it wasn't illegal for a Congress person to take advantage of information gleaned from the office. 

[BrazilHorn 6,586]

18 minutes ago, Dahobbs said:

Right, but back then it wasn't illegal for a Congress person to take advantage of information gleaned from the office. 

Regardless it is using their office for personal gain in a manner that if their constituents did would land them in jail.

Congress has set themselves above the law in a number of ways: maintaining own insurance plans vs Obamacare, insider trading, sexual harassment practices/rules enforcement.

Across the board a collection of hypocrites and scumbags. They are the equivalent of police. There may be a couple of good ones but they all enforce the "Blue Line" within the ranks.

 

[Hugo Stiglitz 23,367]

Congressmen can also get around obstruction of justice laws due to the “speech and debate” rules of congress.

It’s why Devin Nunes and Jim Jordan can get away with all their obstructing in broad daylight on the Russia Investigation.

[Hugo Stiglitz 23,367]

Statement from the SDNY:

Congressman Christopher Collins And Others Charged In Manhattan Federal Court With Insider Trading And Lying To Federal Law Enforcement Agents

https://www.justice.gov/usao-sdny/pr/congressman-christopher-collins-and-others-charged-manhattan-federal-court-insider

 

Geoffrey S. Berman, the United States Attorney for the Southern District of New York, and William F. Sweeney Jr., the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today the arrests of CHRISTOPHER COLLINS, a Congressman representing the 27th District of New York, CAMERON COLLINS, the son of CHRISTOPHER COLLINS, and STEPHEN ZARSKY, the father of CAMERON COLLINS’s fiancée, on charges of participating in a scheme to commit insider trading relating to securities of Innate Immunotherapeutics (“Innate”), an Australian biotechnology company on whose Board of Directors CHRISTOPHER COLLINS served.  As alleged in the Indictment, in June 2017, CHRISTOPHER COLLINS, who possessed material, nonpublic information through his service on Innate’s board of directors, betrayed his duties of trust and confidence to Innate by providing inside information to his son, CAMERON COLLINS, about confidential drug trial results so that his son and others, including ZARSKY, could trade before the drug trial results were publicly announced.  As a result of CHRISTOPHER COLLINS’s illegal tips, CAMERON COLLINS, ZARSKY, and others who received the inside information avoided a total of approximately $768,000 in losses.  When later interviewed by the FBI, CHRISTOPHER COLLINS, CAMERON COLLINS, and ZARSKY each made false statements to cover up their participation in the insider trading scheme. 

CHRISTOPHER COLLINS, CAMERON COLLINS, and ZARSKY are each charged with conspiracy, securities fraud, wire fraud, and making false statements to the FBI.  All three defendants surrendered this morning and will be presented and arraigned at 2:30 p.m. today before United States District Judge Vernon S. Broderick in federal court in the Southern District of New York. 

In a separate action, the United States Securities and Exchange Commission (“SEC”) filed a civil action against CHRISTOPHER COLLINS, CAMERON COLLINS, and ZARSKY.

U.S. Attorney Geoffrey S. Berman said:  “Congressman Christopher Collins is charged with insider trading and lying to the FBI, as are his son, Cameron Collins, and Stephen Zarsky, the father of Cameron’s fiancée.  As alleged, Christopher Collins tipped confidential corporate information to his son, who traded on the inside information and passed it on to others, including Zarsky.  Zarsky allegedly also traded on the information and tipped others.  Representative Collins, who, by virtue of his office, helps write the laws of this country, acted as if the law did not apply to him.  These charges are a reminder that this is a nation of laws, and everyone stands equal before the bar of justice.  The charges demonstrate again that no matter what the alleged crime, or who allegedly committed it, we stand dedicated to the pursuit of justice, without fear or favor.” 

FBI Assistant Director-in-Charge William F. Sweeney Jr. said:  “Congressman Christopher Collins sat on Innate Immunotherapeutics’ Board of Directors for a period of more than three years, spanning the run-up to the company’s clinical drug trial announcement in 2017.  When he received confidential information that the drug had failed its trial, he tipped off investors with whom he shared a personal relationship, as we allege.  Congressman Collins thought giving his family and friends a heads-up about material, nonpublic information would benefit them in the long run, but here's a better inside tip for those who think they can play by different rules:  Access to this kind of information carries with it a significant responsibility, especially for those who hold a position of trust in our society.  Act honorably and in accordance with the law, and do not lie to a special agent of the FBI.” 

According to the allegations in the Indictment unsealed today in Manhattan federal court:[1]

The Insider Trading Scheme

The Scheme 

In or about June 2017, CHRISTOPHER COLLINS, who, in addition to serving on Innate’s board of directors, was also one of Innate’s largest shareholders, participated in a scheme to commit insider trading.  Specifically, on or about June 22, 2017, CHRISTOPHER COLLINS learned that MIS416 – a multiple sclerosis drug that Innate was developing – had failed a critical drug trial that was meant to determine the drug’s clinical efficacy (the “Drug Trial”).  The negative Drug Trial results were highly confidential, and, as an insider who owed duties of trust and confidence to Innate, CHRISTOPHER COLLINS was obligated to keep the Drug Trial results secret until Innate publicly released them.  Instead, in breach of those duties, CHRISTOPHER COLLINS tipped his son, CAMERON COLLINS, who was also a substantial Innate shareholder, so that CAMERON COLLINS could make timely trades and tip others before Innate publicly released the Drug Trial results.  CAMERON COLLINS traded on the inside information and passed it to ZARSKY, as well as to three conspirators not named in the Indictment (“CC-1,” “CC-2,” and “CC-6”), so that they could utilize the information for the same purpose.  ZARSKY, in turn, traded on the information and used it to tip three more conspirators not named in the Indictment (“CC-3,” “CC-4,” and “CC-5,”) so that they too could engage in timely trades in Innate stock.  All of the trades preceded the public release of the negative Drug Trial results.

In total, these trades allowed CHRISTOPHER COLLINS, CAMERON COLLINS, and ZARSKY, as well as CC-1 through CC-6, to avoid over $768,000 in losses that they would have otherwise incurred if they had sold their stock in Innate after the Drug Trial results became public. 

The Drug Trial Results

In or about October 2014, Innate initiated a Phase 2B clinical trial of its primary drug, MIS416.  Successful completion of the Drug Trial was a necessary prerequisite to the commercialization of MIS416.  Because Innate had no other significant products in development, its stock price was tied to the success of MIS416.

The Drug Trial was widely expected to be completed around the summer of 2017.  For example, on or about June 9, 2017, Innate’s chief executive officer (“CEO”) sent various individuals, including CHRISTOPHER COLLINS, an email stating that “the delivery date for [the] review and ‘verdict’” of the Drug Trial “will [] occur at COB on US Thursday June 22nd.”  As the summer progressed, individuals within Innate remained optimistic that MIS416’s Drug Trial results would be positive.  The initial Drug Trial results were made available by trial administrators to Innate’s CEO on June 22, 2017.  These results established that MIS416 lacked therapeutic value in the treatment of multiple sclerosis.  The results were not publicly released at that time.  Instead, they were released publicly on June 26, 2017, after the U.S. markets had closed (the “Public Announcement”).  Innate’s stock price subsequently crashed, dropping 92% on the first trading day following the Public Announcement. 

Dissemination of the Drug Trial Results

On or about June 22, 2017, at approximately 6:55 p.m., Innate’s CEO sent an email describing the Drug Trial results to the company’s board of directors, including CHRISTOPHER COLLINS.  The email explained to Innate’s board of directors for the first time that the Drug Trial had been a failure.  The email began, in part, “I have bad news to report,” and continued to explain that “the top line analysis of the ‘intent to treat’ patient population (ie every subject who was successfully enrolled in the study) would pretty clearly indicate ‘clinical failure.’”  The email continued, “Top-line 12-month data . . . show no clinically meaningful or statistically significant differences in [outcomes] between MIS416 and placebo,” and concluded by stating, “No doubt we will want to consider this extremely bad news. . . .” 

At the time CHRISTOPHER COLLINS received this email, he was attending the Congressional Picnic at the White House.  At 7:10 p.m., CHRISTOPHER COLLINS replied to the email, stating, in part, “Wow.  Makes no sense.  How are these results even possible???”  After responding to the Innate CEO’s email, CHRISTOPHER COLLINS called his son, CAMERON COLLINS.  They traded six missed calls between 7:11 p.m. and 7:15 p.m..  At 7:16 p.m., CHRISTOPHER COLLINS and CAMERON COLLINS spoke for more than six minutes.  During that six-minute phone call, CHRISTOPHER COLLINS told CAMERON COLLINS, in sum and substance, that MIS416 had failed the Drug Trial.

CHRISTOPHER COLLINS did not trade himself, and his Innate stock ultimately declined by millions of dollars in value when the Drug Trial results were made public on June 26, 2017.  As CHRISTOPHER COLLINS well knew, however, he was virtually precluded from trading his own shares for practical and technical reasons.  For example, CHRISTOPHER COLLINS was already under investigation by the Office of Congressional Ethics (“OCE”) in connection with his holdings in, and promotion of, Innate.  Indeed, he had been interviewed by OCE personnel on or about June 5, 2017, just 17 days earlier.  Accordingly, he did not trade his own stock and instead tipped CAMERON COLLINS.

Trading and Tipping by CAMERON COLLINS and ZARSKY

CAMERON COLLINS began placing orders to sell his Innate shares the morning after he received inside information from CHRISTOPHER COLLINS.  Between the morning of Friday, June 23, 2017, and the close of the market on Monday, June 26, 2017, CAMERON COLLINS sold approximately 1,391,500 shares of Innate stock.  These sales allowed CAMERON COLLINS to avoid approximately $570,900 in losses. 

Furthermore, after learning the Drug Trial results from CHRISTOPHER COLLINS, on or about the night of June 22, 2017, CAMERON COLLINS provided the Drug Trial results to at least the following three sets of individuals so that they could trade in advance of the Public Announcement:  (1) his now fiancée, CC-1; (2) ZARSKY and ZARSKY’s wife, CC-2; and (3) CAMERON COLLINS’s friend, CC-6.  Collectively, these individuals avoided approximately $186,620 in losses as a result of their trading on inside information. 

On or about the morning of June 23, 2017, ZARSKY provided the negative Drug Trial results that he had learned from CAMERON COLLINS and CC-1 to at least the following individuals, among others, or otherwise caused them to trade or attempt to trade in advance of the Public Announcement: (1) his brother, CC-3; (2) his sister, CC-4; and (3) his longstanding friend, CC-5.  Collectively, these individuals avoided approximately $10,900 in losses as a result of their trading on inside information.

Concealment of Trading

After the Public Announcement, CHRISTOPHER COLLINS took steps to prevent the public from learning that CAMERON COLLINS had sold significant portions of his Innate stock on or about June 23, 2017, and June 26, 2017, before the Public Announcement.  For example, on or about June 28, 2017, one of CHRISTOPHER COLLINS’s staff members issued a statement to a local reporter.  This statement stated that “Neither Christopher Collins, [nor] his daughter . . . have sold shares prior, during or after Innate’s recent stock halt,” and that “Cameron Collins has liquidated all his shares after the stock halt was lifted, suffering a substantial financial loss.”  This statement was written in a manner designed to mislead the public into believing that CAMERON COLLINS had not sold any Innate shares prior to the Public Announcement.  As CHRISTOPHER COLLINS explained in an email about press coverage surrounding Innate, “We want this to go away.”

False Statements to the FBI

On or about April 25, 2018, Special Agents from the FBI separately interviewed CHRISTOPHER COLLINS, CAMERON COLLINS, and ZARSKY.  During these interviews, and as detailed in the Indictment, CHRISTOPHER COLLINS, CAMERON COLLINS, and ZARSKY made false statements to the FBI to cover up their participation in the insider trading scheme. 

*                      *                      *

A chart identifying the charges and the maximum penalties applicable to CHRISTOPHER COLLINS, CAMERON COLLINS, and ZARKSY is below.

Count

Charge

Defendants

Maximum Penalty

1

Conspiracy to commit securities fraud (18 U.S.C. § 371)

All

5 years in prison

2

Securities fraud (15 U.S.C. §§ 78j(b) & 78ff; Title 18 U.S.C. § 2)

CHRISTOPHER COLLINS; CAMERON COLLINS

20 years in prison

3

Securities fraud (15 U.S.C. §§ 78j(b) & 78ff; Title 18 U.S.C. § 2)

All

20 years in prison

4

Securities fraud (15 U.S.C. §§ 78j(b) & 78ff; Title 18 U.S.C. § 2)

CHRISTOPHER COLLINS; CAMERON COLLINS

20 years in prison

5-7

Securities fraud (15 U.S.C. §§ 78j(b) & 78ff; Title 18 U.S.C. § 2)

All

20 years in prison

8

Securities fraud (15 U.S.C. §§ 78j(b) & 78ff; Title 18 U.S.C. § 2)

CHRISTOPHER COLLINS; CAMERON COLLINS

20 years in prison

9

Conspiracy to commit wire fraud (18 U.S.C. §§ 1349)

All

20 years in prison

10

Wire fraud (18 U.S.C. §§ 1343 & 2)

All

20 years in prison

11

False Statements (18 U.S.C. §§ 1001 & 2)

CHRISTOPHER COLLINS

5 years in prison

12

False Statements (18 U.S.C. §§ 1001 & 2)

CAMERON COLLINS

5 years in prison

13

False Statements (18 U.S.C. §§ 1001 & 2)

STEPHEN ZARSKY

5 years in prison

 

Defendants’ Ages and Residences

 

Defendant

Residence

Age

Christopher Collins

Clarence, New York

68

Cameron Collins

Morristown, New Jersey

25

Stephen Zarsky

Summit, New Jersey

66

 

The maximum potential sentences in this case are prescribed by Congress and are provided here for informational purposes only, as any sentencings of the defendants will be determined by the judge.

Mr. Berman praised the work of the FBI and thanked the SEC for its assistance. 

This case is being handled by the Office’s Securities and Commodities Fraud Task Force.  Assistant U.S. Attorneys Scott Hartman, Robert W. Allen, Max Nicholas, and Damian Williams are in charge of the prosecution.  

The allegations contained in the Indictment are merely accusations, and the defendants are presumed innocent unless and until proven guilty.

---

 

[1] As the introductory phrase signifies, the entirety of the text of the Indictment, and the description of the Indictment set forth herein, constitute only allegations, and every fact described should be treated as an allegation.

 

 

 

 

Edited August 8, 2018 by Hugo Stiglitz

[Dahobbs 17,529]

43 minutes ago, BrazilHorn said:

Regardless it is using their office for personal gain in a manner that if their constituents did would land them in jail.

Congress has set themselves above the law in a number of ways: maintaining own insurance plans vs Obamacare, insider trading, sexual harassment practices/rules enforcement.

Across the board a collection of hypocrites and scumbags. They are the equivalent of police. There may be a couple of good ones but they all enforce the "Blue Line" within the ranks.

 

Oh, I agree. I was just pointing out that those prior numbers could be pretty easily explained and obtained in non-criminal fashion..

Insider trading law is weird by the way. A critical part of it (as it exists) is that the initial tipper has to have a duty not to disclose the information. If you look at the indictment, you'll see it makes a big deal of the fact that the company had a policy that applied to its Board of Directors to keep information confidential and not disclose to others for purposes of trading. The point is, just trading on material non-public information is not enough for liability. There also has to be a violation of a relationship of trust and confidence. Further, the tippee cannot be liable if unaware that the information was furnished in violation of that duty. And the further out you go from the initial tipper, the more interesting the theories have to be to confer liability. For instance, prosecutors have argued that golf buddies share a relationship of trust and confidence, and that violating that duty by spreading the tips of your golf buddy to others is a basis for criminal liability.  

Edited August 8, 2018 by Dahobbs

[Hugo Stiglitz 23,367]

 

[triplehorn 2,664]

 

 

 

 

 

 

[Monster 219]

Jeff Sessions not sure if he benefits more from having these guys  continue as allies, or from putting them in a private prison. 

 

 

[Hugo Stiglitz 23,367]

 

[Hugo Stiglitz 23,367]

This guy is such a huge piece of shit and it looks like the feds had him under close surveillance (including wires) for a year...Imagine the dirt.

[Hugo Stiglitz 23,367]

https://buffalonews.com/2017/03/06/caputo-puts-pro-collins-message-lights/

[Hugo Stiglitz 23,367]

 

[Brisketexan 105,083]

Like I said....he'll be fully pardoned, and will still be in office 10 years from now.  Because he's a patriot being persecuted by the crooked FBI and the fake news media, and MAGA!

[ChiTownDoc 21,144]

5 hours ago, Hugo Stiglitz said:

Looks like the congressman's kid is also in trouble.

The apple doesn't fall far from the tree, right Junior?

*Junior scans the ground, nervously, looking for apples*

[Hugo Stiglitz 23,367]

12 minutes ago, Brisketexan said:

Like I said....he'll be fully pardoned, and will still be in office 10 years from now.  Because he's a patriot being persecuted by the crooked FBI and the fake news media, and MAGA!

He’s also one of the wealthiest congressmen.

$66,000,000 estimated net worth per sources.

[ChiTownDoc 21,144]

13 minutes ago, Hugo Stiglitz said:

He’s also one of the wealthiest congressmen.

$66,000,000 estimated net worth per sources.

I'm sure he amassed the first 66M without any shenanigans...I guess that wasn't enough to thank your lucky stars and cut out the bullshit.  

More of the best people...

[Lagunamadre 1,975]

Man, he is not going to sleep well tonight. How long until the Roy Moore defense of "I'm being persecuted by the liberals and the deep state because I'm a Christian" comes out. 

[yaqdum 182]

6 hours ago, Js1 said:

And barred from running for any federal office or holding a position in the United States Federal Government ever again. Period.

i think they should have to sleep with lorena bobbitt.  can you stay awake every moment all night?

[Brisketexan 105,083]

Man, he is not going to sleep well tonight. How long until the Roy Moore defense of "I'm being persecuted by the liberals and the deep state because I'm a Christian" comes out. 

I’m positive it already has, we just haven’t read about it yet.

And if he has $66 million, I’m sure that all he has to do is buy a “super gold level membership” at a Trump club for $10 million, and the pardon will be signed today.

[wildcat09 29,348]

12 minutes ago, Brisketexan said:

I’m positive it already has, we just haven’t read about it yet.

And if he has $66 million, I’m sure that all he has to do is buy a “super gold level membership” at a Trump club for $10 million, and the pardon will be signed today.

That super gold level membership only costs $200,000.00.

[jimmyjazz 45,894]

12 minutes ago, wildcat09 said:

That super gold level membership only costs $200,000.00.

But the pardon costs $9,800,000.

[AUinHsv 579]

6 hours ago, Dahobbs said:

I haven't looked into the details of this, but I thought insider training law included an exception for Congress folks, at least for what they learn in their role in Congress. 

Thought so also.... Nothing like passing a law that keeps you out of jail

[Lagunamadre 1,975]

14 minutes ago, wildcat09 said:

That super gold level membership only costs $200,000.00.

1.66667 Stormys. That's expensive. 

[Nolacycling 893]

19 minutes ago, jimmyjazz said:

But the pardon costs $9,800,000.

like all the Russkies that paid above market value for those trump condos

[Hugo Stiglitz 23,367]

28 minutes ago, ChiTownDoc said:

I'm sure he amassed the first 66M without any shenanigans...I guess that wasn't enough to thank your lucky stars and cut out the bullshit.  

More of the best people...

In 2015, Open Secrets reported that Collins was worth $66,414,016. Some of the industries he invested in during the year 2015 included pharmaceuticals and health products, to which Open Secrets states that he invested a whopping $33 million into, and special trade contractors, where Collins poured another $3 million.

In 2015, Innnate Immunotherapeutics was reported as one of his top assets, earning Collins $15 million. Volland Electric Corp also racked up another $15 million for the congressman.

Between the years 2011 and 2015, Collins gained an estimated 6 million dollars in assets, according to a chart Open Secrets reported.

[ChiTownDoc 21,144]

35 minutes ago, Hugo Stiglitz said:

In 2015, Open Secrets reported that Collins was worth $66,414,016. Some of the industries he invested in during the year 2015 included pharmaceuticals and health products, to which Open Secrets states that he invested a whopping $33 million into, and special trade contractors, where Collins poured another $3 million.

In 2015, Innnate Immunotherapeutics was reported as one of his top assets, earning Collins $15 million. Volland Electric Corp also racked up another $15 million for the congressman.

Between the years 2011 and 2015, Collins gained an estimated 6 million dollars in assets, according to a chart Open Secrets reported.

Dat trickle down tho...

[Jive Turkey 12,594]

Getting richer has to be the number one reason for running for Congress or Senate.

The people’s representatives just keep getting richer, and doing so faster than the people represented.

The cumulative net worth of senators and House members jumped by one-fifth in the two years before the start of this Congress, outperforming the typical American’s improved fortunes as well as the solid performance of investment markets during that time.

The total wealth of all current members was at least $2.43 billion when the 115th Congress began, 20 percent more than the collective riches of the previous Congress, a significant gain during a period when both the Dow Jones industrial average and Standard & Poor’s 500 index rose slightly less than 10 percent.

https://www.rollcall.com/news/hawkings/congress-richer-ever-mostly-top