(SOUNDBITE) GEOFFERY BERMAN, UNITED STATES ATTORNEY FOR THE SOUTHERN DISTRICT OF NEW YORK SAYING: "Moments ago former New York Congressman Christopher Collins pled guilty to insider trading and to lying to the FBI to cover up his insider-trading scheme." A four-term Republican Congressman and early backer of U.S. president Donald Trump pleaded guilty Tuesday in a criminal insider trading case.
Chris Collins entered his plea before a U.S. District Judge in Manhattan, a day after submitting his letter of resignation to House Speaker Nancy Pelosi.
(SOUNDBITE) HOUSE CLERK READING THE RESGINATION: "I hereby submit my resignation effective immediately, September 30, 2019, as United States representative of the 27th districts of New York." (NATSOT) EX-REP.
CHRIS COLLINS, (R-NY, 27TH DISTRICT) SAYING: " I have the honor of seconding the nomination of Donald J Trump..." The 69-year old lawmaker was the first House member to endorse Trump for president.
Collins was arrested and indicted in August 2018 in a criminal case relating to Australian biotech company Innate Immunotherapeutics-- for which Collins sat on the board and held a nearly 17% stake.
Prosecutors allege that in 2017 - while at a congressional picnic at the White House - Collins learned in an email from Innate's chief executive that a clinical trial for its proposed multiple sclerosis drug had failed.
Collins quickly passed on the news to his son Cameron, according to prosecutors, who in turn told his fiancée and her parents.
(SOUNDBITE) GEOFFERY BERMAN, UNITED STATES ATTORNEY FOR THE SOUTHERN DISTRICT OF NEW YORK SAYING: "Collins admitted to, among other things, illegally tipping his son while standing on the White House lawn.
By virtue of his position, Collins helped write the laws of this country and acted as if the law didn't apply to him." Collins did not trade his own Innate stock but prosecutors said others used the insider information to avoid more than $768,000 in losses when Innate's share price plunged 92% after news of the drug's failure became public.
Just 3 months after Collins was criminally charged, he narrowly won reelection last November over his Democratic rival.
A special election will be held to fill the seat.
Lawyers for Chris and Cameron Collins could not immediately be reached.
Channel 4 News has exposed a secret 2016 election database which exposes the digital tactics that helped put Donald Trump into the White House and an extraordinary insight into the workings of a modern-day political campaign. Report by Browna. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Brad Parscale, the former campaign manager for President Donald Trump's re-election, was hospitalized Sunday after his wife told police he was threatening to harm himself, according to ABC News. Jillian Kitchener has more.
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[NFA] GRAPHIC WARNING: The mayor of Rochester, New York named the city's first female police chief on Saturday, weeks after firing the previous chief amid protests over the death of a Black man in police custody. Colette Luke has the latest.
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The percentage of voters who see President Donald Trump as conservative has jumped during his presidency compared to his 2016 campaign. But according to CNN contributor Harry Enten, that's not good news for Trump as the general election looms. In efforts to appease the base, Trump has failed to appeal to those outside of it. There are more Democrats and independents than there are Republicans in the electorate.
[NFA] President Donald Trump on Monday sought to discredit Justice Ruth Bader Ginsburg's family's statement that her last wish was the next president appoint her successor, saying without evidence it could have been from someone else. This report produced by Chris Dignam.
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Credit: PA - Press Association STUDIO Duration: 01:14Published
US President Donald Trump paid just $750 in federal income taxes the year he ran for president and in his first year in the White House, according to a report Sunday in The New York Times.View on euronews
Credit: euronews (in English) Duration: 01:28Published
Donald Trump has dismissed a report that he paid just 750 US dollars (£578) infederal income taxes the year he ran for president and in his first year inthe White House. Mr Trump, who has fiercely guarded his tax filings and is theonly president in modern times not to make them public, paid no federal incometaxes in 10 of the past 15 years. He campaigned for office as a billionairereal estate mogul and successful businessman. Speaking at a news conference atthe White House, President Trump dismissed the report as “fake news” and saidhe has paid taxes, though he gave no specifics.
Credit: PA - Press Association STUDIO Duration: 01:00Published
Donald Trump's nominee to fill Ruth Bader Ginsburg's vacant Supreme Court seathas praised the justice as someone who "not only broke glass ceilings, shesmashed them". Amy Coney Barrett, speaking at the White House after beingintroduced by Mr Trump, said she would "be mindful of who came before me"."Justice Ginsburg began her career at a time when women were not welcome inthe legal profession," Ms Coney Barrett said. "But she not only broke glassceilings, she smashed them. For that, she has won the admiration of womenacross the country and indeed all over the world."
Credit: PA - Press Association STUDIO Duration: 01:25Published
The Democratic-led U.S. House of Representatives passed a stopgap funding bill on Tuesday to keep the federal government operating through Dec. 11, after striking a deal with Republicans on aid for farmers and nutritional assistance to children. Ryan Brooks reports.
U.S. Democratic presidential candidate Joe Biden warned the United Kingdom that it must honour the Northern Irish peace deal as it extracts itself from the European Union or there would be no U.S. trade deal. Adam Reed reports.
[NFA] U.S. President Donald Trump's intelligence chief on Sunday defended his decision to cease in-person Congressional briefings on election security, while Democrats said the move would suppress critical information about foreign election meddling and warned they may subpoena testimony. This report produced by Yahaira Jacquez.
[NFA] President Donald Trump is willing to sign a $1.3 trillion coronavirus relief bill, White House Chief of Staff Mark Meadows said on Friday, but Democratic House of Representatives Speaker Nancy Pelosi said the sum was not enough to meet the needs of the American people. This report produced by Jillian Kitchener.
[NFA] The Democratic-led U.S. House of Representatives voted on Saturday to provide the cash-strapped Postal Service with $25 billion and block policy changes that have stirred concerns about mail-in balloting ahead of the presidential election. This report produced by Jillian Kitchener.