Embattled Rep. Chris Collins reportedly turned down a plea deal over the insider trading charges he was indicted on.
The Buffalo News cited two sources who wished to not be identified saying that the congressman had been offered a deal, but they did not disclose the terms. Lawyers for Collins and the U.S. attorney for the Southern District of New York declined to comment to the newspaper.
Collins was indicted earlier this month for securities fraud after allegedly tipping off his son and his son Cameron Collins’ fiance’s family about stocks for an Australian company of which Collins was member of the board.
“In a case like this, prosecutors usually play the family card,” Paul Cambria, a Buffalo defense attorney, told the newspaper. “The father would plead guilty in order to get concessions for the son. I would be shocked if that weren’t part of the deal.”
Read more at Roll Call.