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Kurtz: A Strong insider-trading case against Chris Collins
‘MediaBuzz’ host Howard Kurtz weighs in on the indictment of Rep. Chris Collins for alleged insider trading and members of Congress, claiming he could still win re-election.
The charges against Chris Collins, the Republican Congressman from upstate New York on insider trading charges is an utter disaster for him, even if some of the forecasters say, he could choice to win again anyway.
But is it really a threat to the GOP chances to hold the house, as some proclaim?
Even if Collins turns out to be guilty—and this is one of the biggest insider cases I’ve ever seen—can house every other Republican running this fall really will be tarred with this brush?
I understand that Collins was the first member of Congress to endorse Donald Trump, and the opposition wants to-day, as part of the president’s circle. Joe Scarborough said of the “swamp” is now “up to Trump’s neck” and “the fish rots from the head.”
But while it is in the order of Trump’s responsible for people like Scott Pruitt and Tom Price, he appointed her to his administration. Collins was elected by the voters in the Buffalo area.
Nancy Pelosi, stated that “the allegations against Congressman Collins, the Grassi show at the end of a culture of corruption and self-enrichment among the Republicans in Washington today.” This is shot in a standard-partisan, and I would expect the Republicans to say something similar, if a democratic legislator has been arrested. But that doesn’t make it true.
Paul Ryan is trying to limit the damage, by the Computer Collins from the Energy and Commerce Committee. With a suspected member of the plate well, is a bit of a hassle.
Still, the Washington Post declared that “the Chris Collins indictment ensures that ethics is an important issue in the midterm elections.”
Collins has not even any questions to help with a self-righteous refusal to a “press conference”, the he took.
Despite serving in the house, Collins was on the Board of an obscure Australian company called Innate immune therapeutics, which has no approved drugs, but was on a for the treatment of MS.
In June 2017, the indictment says, the CEO by E-Mail failed to the Board that a key drug was study for the MS drug. Collins, who happens to be in an annual White House picnic, by E-Mail:
“Wow. Makes no sense. How are these results even possible???”
Collins waited exactly 15 seconds after receiving the E-Mail before calling to his son, and after you are connected, Cameron Collins sold his shares and avoided losses of $570,000. This was non-public information that, obviously, and as soon as the failed drug trial was announced, the share price plunged 90 percent.
Cameron Collins was also accused, along with his fiancé’s father, Stephen Zarsky, the Prosecutor’s office says to avoid $140,000 in losses by selling his shares at the top, like.
The Congressman could not sell his shares, because he is a Director. Collins said in the presser that he will help just trying to people to with the production of a miracle drug, that he had himself lost money, and he is pleased to “fully acquitted and rehabilitated.”
With Democrats 23 seats need to flip, the house, the timing is pretty terrible, although the New York analysts say that Collins could possibly be associated to the seat (and would have to resign if convicted). But while the Democrats can run against Republican corruption, in this case, the alleged misconduct apparently not Chris Collins ‘extended’ immediate family.
Howard Kurtz is a Fox News analyst and host of “MediaBuzz” (Sundays 11 p.m.). He is the author of “media madness: Donald Trump, the press, and The war for the truth.” You can follow him at @Howard Kurtz. Click here for more information on Howard Kurtz.