Former Rep. Chris Collins pleaded guilty to one count of conspiracy to commit securities fraud and one count of lying to the FBI Tuesday, a day after he resigned his seat in Congress
The Buffalo area Republican appeared in federal court in Manhattan to enter his guilty plea and apologize for the actions he took. He was charged in August 2018 with securities fraud, wire fraud and making false statements to FBI agents — part of an alleged scheme to share confidential information about an Australian biotech company whose board he sat on"I understand that I had a duty not to disclose certain confidential corporate information," Collins told the court.
Geoffrey Berman, U.S. Attorney for the Soutehrn District of New York, told reporters outside the court, “Collins admitted to, among other things, illegally tipping his son while standing on the White House lawn. By virtue of his position, Collins helped write the laws of this country and acted as if the law didn’t apply to him.”Collins left the courthouse in an SUV without answering questions from the press.
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