A Congressman, a Drug Promoter, and Now an Accused Criminal

  • Rep. Collins tipped off family about Australian biotech firm
  • Family and associates dumped stock, U.S. says in insider case
Bloomberg’s Toluse Olorunnipa reports on NY Rep. Christopher Collins and his son being indicted for insider trading. (Source: Bloomberg)
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For years Chris Collins, a congressman from New York, seemed to work all the angles for an obscure biotech company in faraway Australia.

He invested millions. He plugged the company as he sat on its board and smoothed the way for its most promising drug.