No
Jail For Insider Trader Stephen Zarsky
After 26 Months For Ex Rep Collins Swan
Song
By Matthew
Russell Lee, Thread,
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SDNY COURTHOUSE,
Jan 24 – 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
not considered Collins'
political views in imposing
sentence on him, ultimately 26
months in a prison camp in
Pensacola, Florida, to begin
on March 17. Hear Inner City
Press recap on WBEN Radio, here.
But on
January 24, in sentencing
tippee Stephen Zarsky who was
directly tipped by the
ex-Congressman's son Cameron
Collins to whom he gave five
years probation, Judge
Broderick gave only four years
probation, no jail time. The
sentencing, in nearly empty
Courtroom 110 where phone use
was not permitted, leading to
a mere three tweet thread from
the hallway, was replete with
references to an undisclosed
disease of Zarsky's that led
him to communicate with people
in the "wee hours."
Zarsky's lawyer said "he is
not a politician... He is a
romantic poet, a songwriter,
he has a guitar
collection." When at
last it was Zarsky's own turn
to speak, he told Judge
Broderick he hopes the Judge
hears his songs one day.
How about this
one: Don't look for
justice in Foley Square.
OneCoin version here.
Or these Periscope videos, I &
II.
More on Patreon here.
We'll have more on and of
this.
As to
Cameron Collins' five years
probation, somewhat
defensively Judge Broderick
said that anyone questioning
his sentence could consider
the context.
Inner City
Press did its best to live
tweet that sentencing, here.
But to some, we are left with
the message that for example a
Bronxite who attempts to rob a
bank without a weapon of any
kind gets 151 months, and the
affluent son of a Congressman
who essentially steals
$500,000 gets no jail time.
Then
again, Francis Lorenzo who
bribed the United Nations then
testified against co-defendant
Ng Lap Seng got time served.
More on Patreon here.
Much of the
debate back on January 17
concerned whether Chris
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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