08-13-2018, 11:05 AM
It also looks like a case of extreme hubris and stupidity. Collins, candidate Trump's first congressional supporter and a board member of Innate, was already under investigation for his dealings with the Australian medical research company when he allegedly tipped off his son that the Multiple Scleroris drug had unexpectedly failed in its trial study.
Collins' son, his son's fiancee's father, and several of his son's friends dumped a shitload of Innate stock before the trial results were published, saving them over $750,000 in losses.
The FEC of course monitors out-of-the-ordinary trade volumes and Collins and company held a good volume of the company's share.
So, now the Republicans are looking for a candidate to run for Collins' seat and the Democrats have another piece of ammo to use in their "corrupt GOP" messaging heading into the November mid-term elections.
Collins' son, his son's fiancee's father, and several of his son's friends dumped a shitload of Innate stock before the trial results were published, saving them over $750,000 in losses.
The FEC of course monitors out-of-the-ordinary trade volumes and Collins and company held a good volume of the company's share.
So, now the Republicans are looking for a candidate to run for Collins' seat and the Democrats have another piece of ammo to use in their "corrupt GOP" messaging heading into the November mid-term elections.