PressTV-US congressman arrested on insider trading charges

Republican US lawmaker Christopher Collins, who was the first member of Congress to endorse Donald Trump for president, has been arrested on charges of insider trading.

Collins, 68, a member of the US House of Representatives representing New York state’s 27th congressional district, surrendered to the FBI on Wednesday.

He was indicted on charges of insider trading, wire fraud, conspiracy and lying to the FBI. His son, Cameron Collins, and the father of his son’s fiancée, Stephen Zarsky, were also arrested on the same charges.

Collins, a staunch supporter of Trump, is up for re-election in November.

According to the indictment, Collins was allegedly involved to a scheme to gain insider information about Innate Immunotherapeutics Limited, a biotechnology company headquartered in Sydney, Australia.

The congressman was a member of Innate’s board of directors and held nearly 17 percent of the stock.

Federal prosecutors say the defendants…

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