Footage Shows Collins At Alleged Start Of Insider Trading Scheme — At WH Picnic

on June 22, 2017 in Washington, DC.
WASHINGTON, DC - JUNE 22: Guests attend a Congressional Picnic at the White House June 22, 2017 in Washington, DC. President Trump and the first lady hosted their first Congressional Picnic with the theme, Picnic in... WASHINGTON, DC - JUNE 22: Guests attend a Congressional Picnic at the White House June 22, 2017 in Washington, DC. President Trump and the first lady hosted their first Congressional Picnic with the theme, Picnic in the Park, which is modeled after a summer evening in Central Park in New York. (Photo by Alex Wong/Getty Images) MORE LESS
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According to Wednesday’s indictment accusing Rep. Chris Collins (R-NY) of insider trading and lying to the FBI, the congressman, formerly an Innate Immunotherapeutics board member and the company’s largest shareholder, received some “extremely bad news” about a major drug trial at around 6:55 p.m. ET on June 22, 2017.

Innate’s CEO explained to his board in an email that the company’s marquee drug had experienced a “clinical failure.” Shareholders, the CEO was saying, were about to lose a bunch of money.

Fifteen seconds after responding to the email (“Wow. Makes no sense. How are these results even possible???” Collins wrote, according to prosecutors), Collins repeatedly tried to reach his son on the phone. After “several missed calls,” they “connected and spoke for six minutes.” What followed, according to the indictment, was a phone tree of insider trading violations.

As it happens, Collins attended the White House’s congressional picnic on the evening of June 22, 2017. President Trump spoke at 7:30 p.m. ET, according to a pool report.

Photo and video from that night, therefore, may show Collins in the very first minutes of his alleged insider trading scheme.

See any other evidence of Collins at the picnic? Maybe in the photos below? Send it to us.

<<enter caption here>> on June 22, 2017 in Washington, DC.
WASHINGTON, DC – JUNE 22: Guests attend a Congressional Picnic at the White House June 22, 2017 in Washington, DC. President Trump and the first lady hosted their first Congressional Picnic with the theme, Picnic in the Park, which is modeled after a summer evening in Central Park in New York. (Photo by Alex Wong/Getty Images)
<<enter caption here>> on June 22, 2017 in Washington, DC.
WASHINGTON, DC – JUNE 22: Guests attend a Congressional Picnic at the White House June 22, 2017 in Washington, DC. President Trump and the first lady hosted their first Congressional Picnic with the theme, Picnic in the Park, which is modeled after a summer evening in Central Park in New York. (Photo by Alex Wong/Getty Images)
<<enter caption here>> on June 22, 2017 in Washington, DC.
WASHINGTON, DC – JUNE 22: Guests attend a Congressional Picnic at the White House June 22, 2017 in Washington, DC. President Trump and the first lady hosted their first Congressional Picnic with the theme, Picnic in the Park, which is modeled after a summer evening in Central Park in New York. (Photo by Alex Wong/Getty Images)
US President Donald Trump and First Lady Melania Trump greet guests at the Congressional picnic at the White House in Washington, DC, on June 22, 2017. / AFP PHOTO / NICHOLAS KAMM (Photo credit should read NICHOLAS KAMM/AFP/Getty Images)
US President Donald Trump (CR) and First Lady Melania Trump (CL) greet guests at the Congressional picnic at the White House in Washington, DC, on June 22, 2017. / AFP PHOTO / NICHOLAS KAMM
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Notable Replies

  1. That video needs a good laugh track.

  2. “Collins repeatedly tried to reach his son on the phone. After ‘several missed calls,’ they ‘connected and spoke for six minutes.’ What followed, according to the indictment, was a phone tree of insider trading violations.”

    Thank G-d the GOP rammed through all those draconian surveillance powers under Shrub.

    I’ll bet Mr. Mueller has tons of these heartwarming chats between fathers and sons.

    Maybe even between fathers and sons -in- law.

    Or daughters.

  3. “What followed, according to the indictment, was a phone tree of insider trading violations.”

    When editorial standards preclude the use of the word “clusterf*ck.”

  4. Christ a’mighty, but this debacle has less subtlety than a plot line from “Billions”.

    (p.s. I quite like the image of a veritable “phone tree of insider trading violations.”)

  5. “Wow. Makes no sense. How are these results even possible???” --Chris Collins

    “WTF? How could I be blindsided like this. You told me you were on top of this.” --Paul Manafort

    There’s a white-collar country and western song in there somewhere. Possibly rap.

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