Former Trump HHS Secretary Tom Price Reportedly Made More Than $225,000 on Collins’ Australian Stock
Republican U.S. Congressman Chris Collins of New York has been arrested by the FBI on securities fraud charges, including insider trading, wire fraud, conspiracy, and lying to federal agents. Collins made “a flurry of phone calls” to his son while at a Congressional picnic at the White House, NBC News reports, citing the federal indictment.
Collins, who was the first member of Congress to endorse Donald Trump, previously had been under scrutiny by the House Ethics Committee. That investigation revealed he had convinced former Trump Health and Human Services Secretary Tom Price to buy shares of the Australian pharmaceutical company for which Collins is now charged with insider trading.
“Collins — who has repeatedly denied any improper or unethical behavior — is on the board of Innate and is its biggest stockholder, having invested at least $6 million in the firm,” Politico reported last October. “His children own a block of Innate shares too.”
Wednesday morning Collins was arrested, along with his son, and the father of his son’s fiancée.
“Collins,” the October Politico story continued, “has pushed the company’s stock to former HHS Secretary and one-time House colleague Tom Price, other lawmakers and officials in Buffalo, N.Y. Collins was once overheard bragging on the phone in the House Speaker’s Lobby about ‘how many millionaires I’ve made in Buffalo the past few months.’ Price made more than $225,000 in his Innate stock trades, according to public records.”
MSNBC Wednesday morning noted Collins was “instrumental” in the choice of Price to be HHS Secretary.
Last year Rachel Maddow covered Price’s seemingly shady stock trading, and notes former US Attorney Preet Bharara was fired as he was investigating Price.
Maddow reported months ago about a Trump / Tom Price scandal involving insider trading issues that Prett Bharara was investigating
After Chris Collin, Price must be shaking.
Innate Immunotherapeutics – the same stock in both Collins & Price trading
— ☇RiotWomenn☇ (@riotwomennn) August 8, 2018
Price reportedly refused to cooperate with the Office of Congressional Ethics in its investigation into Price and Collins.
Also in October Democratic U.S. Rep. Louise Slaughter, also of New York, had called for an investigation into Collins.
“The Office of Congressional Ethics has found clear and convincing evidence that Congressman Collins likely broke federal law,” Slaughter had said in a statement. “He put his obsession to enrich himself before the people he swore to represent. It is a disgrace to Congress and to his constituents, who deserve better.”
Former GOP Congressman David Jolly commented on the Collins-Price link:
Something to watch: while innocent until proven guilty, Collins included several House colleagues in trade tips, including former HHS Secretary Tom Price. If nothing else, these colleagues will likely now have to provide statements to law enforcement, if not full interviews. https://t.co/3Z6l6AR7RF
— David Jolly (@DavidJollyFL) August 8, 2018
Others weigh in also:
Re: Arrest of Chris Collins for insider trading. Another backer of the company at the heart of this scam was Tom Price, Trump’s former head of HHS. Why, it’s almost as if Trump PUT ACTUAL CRIMINALS IN CHARGE OF EVERYTHING after christening his opponent “Crooked Hillary.”
— Steve Silberman (@stevesilberman) August 8, 2018
And flashback to Tom Price — who had his own stock-related ethics issues — refusing to cooperate with congressional ethics inquiry into Collins’ possible insider trading pic.twitter.com/edCRrvIYak
— Robert Maguire (@RobertMaguire_) August 8, 2018
Some speculate Price may be an un-indicted co-conspirator in the Collins case:
There are 6 unindicted coconspirators mentioned in the @RepChrisCollins indictment.
FWIW, here are 6 GOP members of Congress who bought @InnatePharma stock on Collins’ recommendation:
– John Culberson
– Mike Conaway
– Doug Lamborn
– Billy Long
– Markwayne Mullin
– Tom Price
— Bryce Taylor Rudow (@brycetrudow) August 8, 2018
Enjoy this piece?
… then let us make a small request. The New Civil Rights Movement depends on readers like you to meet our ongoing expenses and continue producing quality progressive journalism. Three Silicon Valley giants consume 70 percent of all online advertising dollars, so we need your help to continue doing what we do.
NCRM is independent. You won’t find mainstream media bias here. From unflinching coverage of religious extremism, to spotlighting efforts to roll back our rights, NCRM continues to speak truth to power. America needs independent voices like NCRM to be sure no one is forgotten.
Every reader contribution, whatever the amount, makes a tremendous difference. Help ensure NCRM remains independent long into the future. Support progressive journalism with a one-time contribution to NCRM, or click here to become a subscriber. Thank you. Click here to donate by check.
Jared Kushner Wrestles Control of Trump Pardon Process Away From Bill Barr’s DOJ: Report
President Donald Trump has taken the pardon process away from the Justice Department and given more direct control to son-in-law Jared Kushner and former Florida attorney general Pam Bondi.
The president granted clemency Tuesday to a group of 11 political allies, Fox News regulars and others, and he has put together an informal task force overseen by Kushner to recommend and vet new candidates, reported the Washington Post.
The group has been meeting since late last year, after Kushner recommended taking away control of the process away from the Department of Justice.
One official told the newspaper that Trump was unconcerned about criticism of this week’s pardon spree, and said more pardons would be coming before November’s election.
“He likes doing them,” the official said.
Watch: Roger Stone Greeted With Shouts of ‘Traitor’ as He Enters DC Courthouse for Sentencing
Trump confidant and former campaign advisor Roger Stone arrived at a D.C. courthouse minutes before 9 AM, greeted by repeated shouts of “traitor!” as he walked to the door.
Stone is expected to be sentenced by Judge Amy Berman Jackson, who has been targeted with criticism and harassment by President Donald Trump and his MAGA supporters.
Last week all four federal prosecutors quit the case after Attorney General Bill Barr intervened to reduce their sentencing recommendation, just hours after Trump posted an angry tweet.
Stone was convicted on all seven felony counts, including witness tampering and lying to Congress.
NEW: Roger Stone arrives at a DC courthouse for expected sentencing on his conviction for witness tampering and lying to Congress. A few onlookers yelled “Traitor!” at him as entered the building. https://t.co/Hp6XrotcJK pic.twitter.com/gv91mcYWaN
— This Week (@ThisWeekABC) February 20, 2020
Trump Offered Assange a Pardon to Cover Up Russia Hacking the DNC, Wikileaks Founder’s Lawyer Tells Court
Assange’s lawyers “said Dana Rohrabacher, a former Republican congressman, had brought the message to London from Trump.” The attorneys are arguing that Assange should not be extradited to the U.S., claiming the case was political and not criminal.
“Mr Rohrabacher going to see Mr Assange and saying, on instructions from the president, he was offering a pardon or some other way out, if Mr Assange… said Russia had nothing to do with the DNC leaks,” Edward Fitzgerald, Assange’s lawyer, told the court, relaying a statement produced by another Assange’s attorney.
The case, however, is not political.
Assange, were he to be extradited to the U.S., reportedly could face 175 years in jail if charged and convicted on 18 charges including conspiracy to commit computer intrusion.
Rohrabacher, who claims he does not believe Russia interfered in the 2016 election, had earned the nickname “Putin’s favorite Congressman.”
The FBI in 2012 had to warn him the Kremlin considers him a valuable information asset – complete with a Russian code name.
In 2016 Republican House Minority Leader Kevin McCarthy, and other Republicans were speaking about Russia and Ukraine. McCarthy told the group, “There’s two people I think Putin pays: Rohrabacher and Trump.”
- 'DEEP STATE'3 days ago
Trump’s New Personnel Chief Orders ‘Purge’ of All Never-Trumpers From Federal Agencies: Report
- BAD CHOICE3 days ago
Trump’s Intel Pick Will Blow Up in His Face as Agencies Revolt and Leak the Truth: Ex-CIA Official
- FOX NEWS IS STATE TV3 days ago
Fox & Friends Host Goes Berserk, Calls Reporters ‘Agents of Russia’ Over Report Intel Official Briefed Congress
- 'WHAT REAL JOURNALISM LOOKS LIKE'2 days ago
Internet Heaps Praise on CNN’s Anderson Cooper for His ‘Must Watch’ Destruction of Rod Blagojevich
- THIS IS HOW IT'S DONE2 days ago
‘Stay Out’: Sanders Eviscerates ‘Thug’ Putin After Russia Exposed for Trying to Help His Presidential Campaign
- AMERICA'S INSECURE PRESIDENT3 days ago
Trump Asks if Fox News Will Fire Anchor for Occasionally Criticizing Him
- WTH?3 days ago
‘Parallel Universe or What?’: Internet Baffled as Trump Praises Gay Bollywood Rom-Com After Raging Against Korean Film
- News2 days ago
Federal Officials Tell Bernie Sanders Russia Is Working to Help His Presidential Campaign: WaPo