Swamp Watch: A Congressman, a Drug Promoter, and Now an Accused Criminal
S E E D E D C O N T E N T
With news on Wednesday that Collins was charged with insider trading after he allegedly tipped off others to nonpublic information about Innate, prosecutors have zeroed in on stock trading on Capitol Hill, a practice fraught with potential conflicts. His indictment suggests that recent efforts to head off suspicious activities in Washington have fallen short, and it comes amid a flurry of examinations into politicians and government officials who enrich themselves and their associates, often well within the law’s outlines.
“The temptation to make easy money -- or as alleged in the Collins case, easily avoid losses -- is fertile ground for toxic mistakes,” said Justin Danilewitz, a former federal prosecutor, who said the case demonstrates a lack of appreciation for the government’s market-surveillance activities.
Related:
WHO IS CHRIS COLLINS? DONALD TRUMP’S FIRST CONGRESSIONAL SUPPORTER ARRESTED BY FBI ON INSIDER-TRADING CHARGES
Famous last words of another Trump follower politician with yet another felony to answer for.
Amazing how many Republicans are getting caught doing the darnedest things!
Are we draining the swamp yet?
Sure, straight into the White House,
Trumpp drained it
with the soul objectivity
of making it easier to pick the best of the worst
from said 'swamp'
Trumpp has over achieved, yet again
Not in my opinion, draining the swamp implied getting rid of the "dinosaurs", from what I see the same old politicians are still running for and winning political offices.
Not to mention trump cant seem to vet people worth a shit, Many of HIS "Best of the Best" are turning out to be anything but the best of the best (unless you are looking for the best of the best in conmen that is.)
the best of the best
in this case, politix, IS the best of the wurst
I suspect just one of many.
The lawmakers bought and sold a total of between $85 million and $218 million in 323 companies registered to lobby on legislation that appeared before them, according to an examination of all 45,000 individual congressional stock transactions contained in computerized financial disclosure data from 2007 to 2010.
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Like I said, "Nice racket if ya can get there."
due
p;icate
I wonder how many other congress people are doing about the same thing. Most of what he did I believe is legal. About the only line he illegally seemed to have crossed was insider trading. Trading the stock market by congress people themselves and reacting to what insider info they have is acceptable, legal and done all the time by congress people.
No wonder they all end up millionaires, we all could/would with that kind of a leg up on the stock market.
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The lawmakers bought and sold a total of between $85 million and $218 million in 323 companies registered to lobby on legislation that appeared before them, according to an examination of all 45,000 individual congressional stock transactions contained in computerized financial disclosure data from 2007 to 2010.
....................................
Nice racket if ya can get there.
You mean Chris Collins is a real live person?? I always thought he was a cartoon character...