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Ex-US rep's fate rests with judge in insider trading case

Added 01-17-20 02:03:02am EST - “A judge must decide the fate of former U.S. Rep. Christopher Collins after his lawyers and prosecutors disagreed over how he should be punished for conspiring in an insider trading scheme.” - Washingtontimes.com

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Posted By TheNewsCommenter: From Washingtontimes.com: “Ex-US rep’s fate rests with judge in insider trading case”. Below is an excerpt from the article.

NEW YORK (AP) - A judge must decide the fate of former U.S. Rep. Christopher Collins after his lawyers and prosecutors disagreed over how he should be punished for conspiring in an insider trading scheme.

U.S. District Judge Vernon Broderick in Manhattan will sentence the 69-year-old Republican on Friday afternoon.

Collins‘ lawyers said he is sorry and should face no prison time. Prosecutors, though, said in written arguments to the judge that he should go to prison for nearly five years.

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They said that Collins and his son, Cameron, were worth a total of $35 million when they conspired to sell shares in a pharmaceutical company before devastating news was made public. The trading, prosecutors said, enabled Cameron Collins and friends to dodge $800,000 in losses.

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