Ex-Rep. Chris Collins (R-N.Y.) speaking to reporters in August 2018 about insider trading charges filed against him. Collins, a critic of 340B hospitals, ultimately pleaded guilty and was sentenced to serve 26 months in prison. | Source: C-SPAN
Trump Pardons Disgraced 340B Critic
Outgoing President Donald Trump last night granted a full pardon to ex-U.S. Rep. Chris Collins (R-N.Y.), who last year pleaded guilty to conspiring to commit securities fraud and making false statements to the FBI, and was serving a 26-month federal prison sentence. Before his indictment, Collins helped lead House Republican efforts to curb the 340B program.
Collins was the first member of Congress to endorse Trump for president. He was a member of the House Energy and Commerce Committee, which has primary jurisdiction over the 340B program. While in Congress, Collins reportedly was the largest investor in and remained an officer of Innate Immunotherapeutics, an Australian biopharmaceutical company. In 2017, while attending a Rose Garden event, Collins got a call from Innate telling him the company’s single product, an experimental drug to treat multiple sclerosis, had failed a clinical trial. Illegal calls Collins made to family members warning them to dump their Innate stocks, which would soon be worthless, led to his downfall.
Outgoing President Donald Trump last night granted a full pardon to ex-U.S. Rep. Chris Collins (R-N.Y.), who last year pleaded guilty to conspiring to commit securities fraud and making false statements to the FBI, and was serving a 26-month federal prison sentence. Before his indictment, Collins helped lead House Republican efforts to curb the 340B program.
Please Login or Become a Paid Subscriber to View this Content
If you are already a paid subscriber, please follow the steps below.
