Former New York Republican congressman Chris Collins has pleaded guilty to taking part in an insider trading scheme involving an Australian biotech company.
The criminal case arises from Collins' role as a board member and 16.8 per cent stakeholder of Australian biotechnology company Innate Immunotherapeutics.US congressman Chris Collins resigns after insider trading scandal involving Australian company Chris Collins said he was in"a very emotional state" when he made the call because he was upset the drug had failed."The actions I took are anything but those a model citizen would take."Prosecutors have said he was"virtually precluded" from trading in part because he already faced a congressional ethics probe over Innate.
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