New York congressman resigns ahead of insider trading plea

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A Republican congressman from New York is resigning as he prepares to plead guilty in a case charging him with taking part in an insider trading scheme congressman Chris Collins who represents areas surrounding. buffalo and Rochester is expected to enter the guilty plea this week along with his son and another man according to court records prosecutors say that in twenty seventeen Collins who sat on the board of an Australian biotech company learned that a clinical trial for its proposed multiple sclerosis drug and failed he then passed on that information to his son with and told his fiance and her parents Collins who is already under an ethics probe for his relationship with the company won reelection last November three months after he was

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