Well, this might make the midterms just a wee bit tougher for Republicans. NBC News reports that three-term GOP Rep. Chris Collins surrendered to the FBI earlier this morning on charges relating to securities fraud. The indictment alleges insider trading relating to an Australian company on whose board Collins sits:
BREAKING: New York Rep. Christopher Collins has been indicted on securities fraud-related charges, and surrendered himself to the FBI this morning, law enforcement officials say – @jonathan4ny
— NBC Politics (@NBCPolitics) August 8, 2018
It’s not the first time that Collins has faced questions about his investment at Innate Immunotheapeutics. Collins raised eyebrows two years ago when he bought 4 million shares of the firm, at roughly the same time former HHS Secretary Tom Price bought shares valued at between $100,000 to $250,000. Last year the House Ethics Committee began looking into whether Collins had used his office to impact his stock trades; separately, the Office of Congressional Ethics reported that “substantial reason” existed to believe Collins acted improperly in using his office to benefit his investment in Innate.
That mostly flew under the radar, however, especially after the House Ethics Committee declined to pursue an investigation. This arrest will leave them with substantial egg on their faces, and even more if prosecutors manage to get a conviction against Collins and the others.
Where does that leave the GOP in NY-27, the Buffalo-area district Collins represents? In bad shape, only helped out marginally by how poorly Democrats were performing there:
— Dave Wasserman (@Redistrict) August 8, 2018
Read more at Hot Air.