| Chris Collins Sentenced to
26 Months For Insider Trading In SDNY Slugfest
By Matthew
Russell Lee, Thread,
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SDNY COURTHOUSE,
Jan 17 – When former
Congressman Chris Collins came up for sentencing
on January 17, he and his
lawyers were ready with
arguments about the Boy
Scouts.
U.S. District
Court for the Southern
District of New York Judge
Vernon S. Broderick was ready
with a statement that he had
no considered Collins'
political views in imposing
sentence on him, ultimately 26
months in a prison camp in
Pensacola, Florida, to begin
on March 17.
The US Attorney's
Office wanted to appear
(almost) as tough on white
collar crime as it is on more
physical crimes by poorer
defendants.
With all
three sides having something
to prove, it was going to take
a while. And it did take
hours. Inner City Press live
tweeted the proceeding, here.
More on Patreon here.
Much of the
debate concerned whether
Collins, when he told his son
Cameron about the setback for
Innate Immunotherapeutics,
could or should have told him,
"You can't trade on
this."
Another concerned
whether Collins recklessly
harmed his constituents by
actively running for office
when he knew or should have
known he likely could not
serve out the
term.
What made that
issue complex is that a
defendant has a right to
proclaim his innocence and
should not be punished for it.
But to attack the opposing
candidate?
Collins said he
did not want to return to
Buffalo. Judge Broderick after
imposing sentence urged him to
do so.
Collins' son
Cameron will soon be
sentenced. It seems Chris
Collins will not be there. But
Inner City Press will. Watch
this site - and the @InnerCityPress
Twitter feed, podcast
and Patreon
site. In fact, more on
this Chris Collins story on
Patreon, here.
***
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