By Rhineback Dromedary | AuxBeacon News Reader
[Editors Note: We have received an impressive number of comments and contact submissions on the arrest of Representative Chris Collins for insider trading. A few of them will take some time to investigate before we dare release them.]
Good evening. One of CAP’s political advocates here in New York Wing has been arrested. You should do your own story on him or at least relay one of the standard media fare until you sort it all out. Collins was a big supporter of the CAP Congressional Gold Medal and, in my opinion, he is often present for cadet achievements such as the Spaatz Award for his own political gain. You can find the stories if you search on this word-salad to help.
“Certain folks are just born leaders, and some of us learn these traits in other ways. Valerie (Duell) raised a daughter who is a born leader,” said Congressman Collins. “On behalf of Western New York, I want to congratulate Meghan (Duell) on her prestigious achievement and thank her for her leadership and commitment to keeping our communities safe.”
“This award was a long time in the making and I really appreciate all of the support from my friends and family that pushed me to succeed,” said Meghan Duell, Captain of the Civil Air Patrol’s New York Wing. “It was an honor to be a part of this program and I want to express my sincere thanks to Congressman Collins for presenting me with this award.”
In my opinion, this should be a really good story for your effort because it supports what you exposed from former CAP-USAF Inspector General Lt Col Allan Stein.
[Editor: Per Old Rhineback’s suggestion, here is one version of the story. Clever name, by the way, one of our editors figured it out. Thank you to those who make good use of the name field in our comment and contact forms.]
A federal criminal investigation culminated in his arrest Wednesday, but before that he was under scrutiny by congressional ethics investigators.
Federal prosecutors in the Southern District of New York allege that Collins, while he was a board member of Australian company Innate Immunotherapeutics, gave a tip to his son Cameron last year about a failed drug trial that would soon be announced. His son used that information to dump the stock and avoid a six-figure loss, the Justice Department alleges, and Cameron Collins passed that information along to his father-in-law.
The two men were charged along with Collins. All three pleaded not guilty.
Since July 2017, Federal Election Commission records show Collins’ campaign has been paying up to $60,000 per month in legal services to prestigious law firm Baker Hostetler. The firm is representing Collins in the case.
While it is legal to use campaign funds to pay for legal fees, it’s not clear whether Collins’ constituents and supporters were aware that donations were being used to assist his legal fight.
These legal fees covered the time period of two separate House probes, including one by the Office of Congressional Ethics and another by the House Ethics Committee…
White-collar crime experts said that the evidence against Collins is immense, and that he could be on the verge of facing extreme legal punishment for his actions.
“It appears from the indictment that this is a slam dunk for the prosecutors,” said Nick Gravante, a white-collar defense attorney at Boies Schiller Flexner in New York.