U.S. Rep. Chris Collins Pleads Guilty To Insider Trading Charges

The transcript discusses Chris Collins, a former congressman, who pleaded guilty to insider trading charges. He was accused of sharing nonpublic information about a failed drug trial with his son, who then passed it to his fiancée's father. Collins, who had previously pleaded not guilty, claimed he acted within the law. A federal indictment revealed that Collins and his family used insider information to avoid significant financial losses. Following the indictment, Collins resigned from Congress. His son and the fiancée's father are also expected to plead guilty.

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