The indictment of Chris Collins, the Republican congressman from upstate New York, on insider trading charges is an unmitigated disaster for him, even though some prognosticators say he could win reelection anyway.
Even if Collins turns out to be guilty—and this is one of the strongest insider cases I've ever seen—can every other House Republican running this fall really be tarred with this brush?
Still, the Washington Post declares that "the Chris Collins indictment ensures that ethics will be a major issue in the midterms."
In June 2017, the indictment says, the CEO emailed the board that a crucial drug trial for the MS drug had been a failure.
Collins waited exactly 15 seconds after receiving the email before calling his son, and after they connected, Cameron Collins sold off his stock and avoided losses of $570,000.