It seems that Rep(rehensible) Chris Collins was at a White House picnic for Congress-critters, the night Innate got the bad news about the ”clinical failure.”
Expecting stock price to plummet very soon, Chris can be seen looking very concerned, and getting on his phone, when everyone else is welcoming the “President” entering the picnic.
Josh Marshall at TPM is asking for help looking at some other photos, to see if we can find Waldo Collins. The video shows him very clearly though.
According to Wednesday’s indictment accusing Rep. Chris Collins (R-NY) of insider trading and lying to the FBI, the congressman, formerly an Innate Immunotherapeutics board member and the company’s largest shareholder, received some “extremely bad news” about a major drug trial at around 6:55 p.m. ET on June 22, 2017.
Innate’s CEO explained to his board in an email that the company’s marquee drug had experienced a “clinical failure.” Shareholders, the CEO was saying, were about to lose a bunch of money.
Fifteen seconds after responding to the email (“Wow. Makes no sense. How are these results even possible???” Collins wrote, according to prosecutors), Collins repeatedly tried to reach his son on the phone. After “several missed calls,” they “connected and spoke for six minutes.” What followed, according to the indictment, was a phone tree of insider trading violations.
Read the indictment here: www.documentcloud.org/…
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