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New: The son of Rep. Chris Collins, who admitted to an insider trading conspiracy two days ago, pleaded guilty too today.
Cameron Collins confirmed he received the info from his father and knew it was “wrong and illegal.”
Background, @CourthouseNews: courthousenews.com/ex-rep-collins…
Cameron Collins confirmed he received the info from his father and knew it was “wrong and illegal.”
Background, @CourthouseNews: courthousenews.com/ex-rep-collins…
Judge Broderick just accepted his guilty plea on one conspiracy count.
Under his plea deal, prosecutors will recommend guidelines between 37 and 46 months.
Under his plea deal, prosecutors will recommend guidelines between 37 and 46 months.
Like his father, Cameron Collins stayed silent when asked whether he repudiated the former congressman’s assertion that reporting on their case was “fake news.”
Now, they have both admitted the allegations.
Now, they have both admitted the allegations.
Next up now, Stephen Zarsky — the father in law of the son’s fiancée. He intends to plead guilty to a conspiracy count.
Getting emotional, Zarsky told the judge about how the failure of the clinical drug trial threatened his retirement savings, and he traded on the inside info to avoid financial ruin.
“My moment of weakness will haunt me for the balance of my days,” he said, choking up.
“My moment of weakness will haunt me for the balance of my days,” he said, choking up.
Judge accepts his guilty plea.
That’s it until the trio’s sentencing.
That’s it until the trio’s sentencing.
