| No
Jail For Insider Trader Cameron Collins
After 26 Months For Ex Rep Father
UNdeterred
By Matthew
Russell Lee, Thread,
Patreon
BBC
- Decrypt
- LightRead - Honduras
-
Source
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.
***
Your
support means a lot. As little as $5 a month
helps keep us going and grants you access to
exclusive bonus material on our Patreon
page. Click
here to become a patron.
Feedback:
Editorial [at] innercitypress.com
SDNY Press Room 480, front cubicle
500 Pearl Street, NY NY 10007 USA
Mail: Box 20047, Dag
Hammarskjold Station NY NY 10017
Reporter's mobile (and weekends):
718-716-3540
Other, earlier Inner City Press are
listed here,
and some are available in the ProQuest
service, and now on Lexis-Nexis.
Copyright 2006-2020 Inner City
Press, Inc. To request reprint or other
permission, e-contact Editorial [at]
innercitypress.com for
|
,
