Republican Rep. Chris Collins is expected to plead guilty to charges relating to his 2018 arrest for insider trading.
The New York congressman was arrested in 2018 along with his son, Cameron Collins, and co-defendant Stephen Zarsky. The group was hit with a number of charges including fraud, wire fraud, securities fraud, and other crimes.
Although Collins is expected to plead guilty Tuesday, it isn’t clear to which charges. He had previously pleaded not guilty this month to a revised set of charges, including conspiracy to commit securities fraud.
It is alleged that Collins, who was on the board of Australian biotechnology company Innate Immunotherapeutics, called his son to tell him to sell his shares in the company before the results of a failed drug trial were made public. Prosecutors say that Cameron Collins then passed that information to Zarsky, who also sold his shares.
Collins is scheduled to enter the plea in Manhattan federal court Tuesday at 3 p.m.
