08-08-2018, 03:38 PM
(08-08-2018, 01:34 PM)Duchess Wrote: Beats me but your comment about money made me wonder why a man worth over $65 million wanted to steal through insider trading. Oh well, him and his kid will have a lot of time to ponder that themselves.Greed and hubris? I bet investigators are interested to learn if Collins has violated financial law in amassing some of that $65 million too.
Snip:
Prosecutors are alleging that Collins, who had served on the board of directors for Sydney-based Innate Immunotherapeutics, gave nonpublic information about drug trial results to his son to help him "make timely trades in Innate stock and tip others."
Collins's son, Cameron Collins, and Stephen Zarsky, the father of Cameron Collins's fiancée, were also charged in a federal indictment related to the case.
Collins's legal team is arguing that the report was “spurred by unfounded accusations that trace their origin to political opponents." http://thehill.com/homenews/media/400917...e-ive-ever
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Yeah, I don't think Collins invoking the presently popular "witch-hunt by political opponents!" deflection defense will help him any. If the Feds have electronic recordings of Collins passing the insider info to his family and he has been under investigation for a long time, as is being reported, he's going to have to do much better than that.
Anyway, Collins, his son, and his son's soon-to-be father-in-law are all expected to post $500,000 bond later today.