GOP Rep. Chris Collins To Plead Guilty To Insider Trading

The Buffalo News reports:

Rep. Chris Collins plans to change his not guilty plea in the criminal insider trading case against him, federal court records showed Monday morning. U.S. District Court Judge Vernon S. Broderick scheduled a court hearing in the case for Tuesday.

Moments after that docket entry was filed, a second appeared, indicating that Collins’ co-defendants – his son Cameron Collins and Cameron Collins’ prospective father-in-law, Stephen Zarsky – plan to change their not-guilty pleas as well. A hearing in their case is set for Thursday.

All three men are charged with fraud, conspiracy and lying to the FBI. They were arrested in August 2018 in connection with an alleged insider trading scheme involving Innate Immunotherapeutics, an Australian biotech.