Rep Chris Collins (R-NY) to Plead Guilty in Insider Trading Case

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Rep. Chris Collins to Plead Guilty in Insider Trading Case

Representative Chris Collins, a fourth-term Republican from Western New York who narrowly won re-election last year despite fighting federal securities fraud charges, is expected to plead guilty on Tuesday, a new court filing shows.

Mr. Collins, 69, one of President Trump’s earliest and most fervent supporters, had been accused of using private information about a drug company in which he was invested to help his son and others avoid financial losses.

Mr. Collins was to be tried in February along with his son, Cameron Collins, 26, and a third man, all of whom had pleaded not guilty. A document filed in Federal District Court in Manhattan on Monday said there would be a “change of plea” hearing on Tuesday for all three men, although the filing did not indicate what charges the men would be pleading guilty to.

All three men were facing charges of conspiracy, securities and wire fraud and making false statements.