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No Jail For Insider Trader Cameron Collins After 26 Months For Ex Rep Father UNdeterred

By Matthew Russell Lee, Thread, Patreon
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SDNY COURTHOUSE, Jan 23 – 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 23, in sentencing the ex-Congressman's son Cameron Collins who took his father's call and then committed insider trading to save some $500,000 in losses, and told others, Judge Broderick gave only probation, no jail time. He said the sins of the father should not be visited on the son. But who did the trading?

  Somewhat defensively, Judge Broderick said that anyone questioning his sentence could consider the context.

  Inner City Press did its best to live tweet the 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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