today we announce criminal charges against her stiffer collins, a united -- against christopher collins, a united states congressman. he is charged with insider trading and lying to the fbi. collins cheated our markets and our justice system in two ways. first, he tipped his son to confidential corporate information at the expense of regular investors, and then he lied about it to law enforcement to cover it up. son, cameronis his collins, and the father of cameron's fiancee. these charges are a reminder that this is a nation of laws and that everybody stands equal before the bar of justice. now i would like to go into the details of the allegations more. to serving in the house of representatives, congressman collins was also on of aoard of directors publicly traded company that was developing a drug for multiple sclerosis. in june of 2017, congressman collins was told confidential and highly sensitive information. information that was not yet made public. namely, that the company's main drug to be the backbone of its company was a total failure. this was devastating information for th

is ae heart of this action chain that extends from christopher collins to his son cameron collins tombers of family and beyond. it specialized group within the division of enforcement uncovered suspicious trading by cameron collins. they did not stop there. they identified well-timed traits by people close to him, including his girlfriend, her mother, her father and her father's relatives and friends. in addition to finding the trading at the core of this action, the staff who worked on this matter, working alongside andtalented prosecutors dedicated women of the fbi -- men and women of the fbi. the record consists of emails and text messages, cell phone records, trading data, communications including recorded calls with brokerage firms, i.t. logon information. it reflects frantic efforts to theey information to sell shares before the company's negative news announcement. as alleged in our complaints, defendant i counted over half of the entire trading volume on the first trading day after they got the news. cameron collins himself accounted for more than half of the shares sold on t

prosecutors say christopher collins fed inside information about a drug company to his son. was arrested yesterday and freed on bail. >>> and the united states is set to impose new sanctions against russia for using a nerve gas to attack a former spy and his daughter. russia has denied responsibility for the attack in britain last march. the new sanctions will be imposed later on this month. >>> asbestos is banned in dozens of countries, and for decades it's been heavily restricted here in the u.s. the epa this summer proposed a rule that may allow a number of new products to contain asbestos. anna werner has details. >> reporter: asbestos products was used in many products up through the 197 0e -- 1970s, but after links to health concerns, they dropped it out of the u.s., however, the u.s. has never ban it outright. now it's one of ten substances being reviewed by the epa. groups are concerned the epa is actually working to weaken protections and possibly make consumers less safe. >> it's really cooking the books on the level of risks that epa is able to identify. >> report

today we announced criminal charges against christopher collins, a united states congressman. congressman collins is charged with insider trading and lying to the fbi. as alleged in the indictment, congressman collins cheated our markets and our justice system in two ways. first, he tipped his son to confidential corporate information at the expense of regular investors, and then he lied about it to law enforcement to cover it up. also charged is his son, cameron collins, and steven czarsky, the father of cameron's fiance. these charges are a reminder that this is a nation of laws and that everybody stands equal before the bar of justice. now i'd like to go into the details of the allegations a little more. in addition to serving in the house of representatives, congressman collins was also on the board of directors of innate immuno therapeutics, a publicly traded company that was developing a drug for multiple sclerosis. in june of 2017, congressman collins was told some confidential and highly sensitive information about innate. information that was not yet made public. namel

his office had issued a statement to a local reporter and the statement said, quote, neither christopher collins nor his daughter have sold shares prior, during or after innate's recent stock haul. and that collins had liquidated all his shares before the -- sorry -- after the stock halt was lifted suffering a substantial financial loss. the indictment says this statement was written in a manner designed to mislead the public into believing that cameron collins had not sold any innate shares prior to the public announcement. so essentially, there is an allegation here he was issuing public statements to mislead the public, to mislead the investigators here in to thinking that there was no insider trading. clearly this indictment spells out this 30-page indictment, spells out a quite different story. they have recorded phone conversations. they have wiretaps. they have text messages. all sorts of information in this indictment that brought these charges. there will be a press conference over at the southern district of new york later today where we expect to learn more information. >> again, we e

representative christopher collins sat on innate's board of directors for a period of more than three years, spanning the run-up to the drug trial announcement in mid-2017. collins himself was the company's largest shareholder. in or about the summer of 2017, a drug designed to treat a debilitating form of multiple sclerosis had entered the late stages of a phase ii clinical trial. this drug, mis-416, was the only viable drug in the pipeline for innate. this is significant in that the company's value was nearly completely wrapped up in the success of the clinical trial and a subsequent phase iii trial. on the evening of june 22nd, 2017, collins received an e-mail informing him that mis-416 had failed its clinical trial. electronic records indicate his initial shock at having received the news. the drug, once anticipated to hold billions of dollars in value, would now are the cause of significant financial loss for innate and of course its investors, many of whom shared a personal relationship with congressman collins. while the congressman was legally bound to keep his information con

christopher collins was wearing a dark blue suit, white shirt, no tie.either one of them had their hands cuffed in front of them. they all addressed the judge when the judge asked them how they pled. christopher collins said i plead not guilty and went down the line, not guilty. they read the documents and understood what their charges were. >> the simple not guilty. we've seen statements from the congressman and seen them from the son's attorney as well. about what the father-in-law's son? >> not in the at the court. neither one of the attorneys really addressed anything or really spoke too much. this was very procedural. they waived the reading of the charges. and the judge set the next date for when they would be back in court. discovery was also discussed. they were also issued $500,000 personal recognizance bond. >> we're not clear, brooke, if they're going to walk out that front door where everybody is waiting, but right now they're going through that signing of documents. >> right. as soon as they figure out what the paperwork is and everything ge

attorney laid out timelines and phone records, proof that republican congressman christopher collins of new york is guilty of insider trading and lying to the fbi. >> congressman collins acted as if the law didn't apply to him. >> reporter: collins, his son cameron and his son's future father in law face 13 criminal counts all together including security fraud and false statements to investigators. the crimes revolve around the australian pharmaceutical company innate. according to the indictment, on june 22 last year, the ceo informed the board of directors including collins that the company's critical drug trial failed. news that was not yet public. congressman collins was at a picnic at the white house and minutes after getting the news, according to prosecutors, collins called his son to tell cameron collins moved quickly to save his money. >> he sold stock based on that inside information, and he also took that illegal inside information and tipped others. >> reporter: days later, the stock would plummet. according to the indictment, the insider trading allegedly saved the defend

federal prosecutors indicted republican christopher collins on charges that include conspiracy and wire fraud. prosecutors say collins tried to find out early about the results of tests by a biotech company. he sits on the board of that company which is developed a drug intended to treat multiple sclerosis. >>> the man wanted for a double stabbing is in jail this morning. u.s. marshalls took 27-year-old solomon espenoza into custody yesterday. one of the victims was cut on the arm and the other cut on the face. >>> jury deliberations are under way in the case against weed killer monsanto. 37-year-old dwayne lee johnson filed the civil suit against the pesticide manufacturer. he worked for a school district as the integrative pest manager. a large part of his job was spraying roundup weed killer. johnson's attorney say after two and a half years of spraying it, he was diagnosed with cancer. the evidence shows its product is not responsible says monsanto. >>> driving in san francisco can be a nightmare. now there's a new website to help you get around. >>> babies need more than just blank

attorney laid out time lines and phone records, proof he says that republican congressman christopher collins of new york is guilty of insider trading and lying to the fbi. >> congressman collins acted as if the law didn't apply to him. >> reporter: collins, his son cameron, and his son's future father-in-law steven zarski face 13 criminal counts altogether including securities fraud and false statements to investigators. the crimes revolve around the australian pharmaceutical company innate. according to the indictment on june 22nd last year, innate's ceo informed his board of directors, including collins, that the company's critical drug trial had failed. news that was not yet public. congressman collins was at a picnic at the white house and minutes after prosecutors, collins called his son to tell him, breaking federal law. cameron collins moved quickly to save his money. >> he sold stock based on that inside information and he also took that illegal inside tipd o. >>ter: days later, the stock would plummet. according to the indictment, the insider trading allegedly saved the defendants a

. >> today we announce criminal charges against christopher collins of the united states congress. congressman collins is charged with insider trading and lying to the fbi. as alleged in the indictment, congressman collins cheated our markets and our justice systems in two ways. first, he tipped his son to confidential corporate the expense of regular investors, and then he lied about it to law enforcement to cover it up. >> a portion of a briefing held earlier today as authorities announce federal insider trading charges against new york congressman chris, accused of tipping off his family and friends to insider knowledge of a drug company's failed clinical trials for a drug to treat multiple costs -- multiple sclerosis. we will show you the entire briefing tonight at 7:30 eastern here on c-span. we have cleared up the technical , so we will take you back to the association for education in journalism and mass communication. moderator: ok, we can note to questions now. i ask you to keep questions brief. actually ask a question. i will try to repeat the question. and that will be ve

. >>> christopher collins has been indicted on insider- trading charges. federal prosecutors say he and his son and the father of the sons fianci use insider information about a biotech company to make illicit stock trades. >> these charges are a reminder that this is the nation of laws. >> reporter: federal prosecutors announced a list of charges against chris collins once they. the new york lawmaker is accused of insider trading and lying to the fbi as part of an alleged scheme that included his family members. >> chris collins system. >> reporter: the alleged crimes are tied to a biotechnology company. representative collins served on the company's board of directors and is accused of warning his son in 2017 the multiple sclerosis drug trial had failed. >> he placed his family and friends above the public good. congressman collins was a major investor and so is his son. took when the trials video was made public, the stock dropped 92%. prosecutors say the information collins provided saved eight others over $768,000 in losses. collins team is pushing ba

the indictment of new york congressman christopher collins for insider trading.n the story. you dug up a nugget. what is it? ashley: you want to talk about the wealthiest people in congress, he comes in at, number 13 i believe, estimated worth of $44 million, way behind darrell issa by the way at number one, 283 million. yeah, he is accused of being on the board of an australian biotech company and handing out information to other members of congress and what have you. so they could benefit from his information from being on the board. that is the allegation. his attorney has come back, said, wait a minute, we'll vigorously fight this this is not true. he never traded one share, but also indicted was his son, cameron collins, the father of his son's fiance, according to the prosecutors involved. liz: chris collins owns 17% of the stock. what was happening they have mult spell sclerosis drug. it was going to fail. the question, did they trade a, the son on a tip from the father, that is the allegation, traded to avoid nearly $768,000 in losses because that drug wa

today, we announce criminal charges against christopher collins, a united states congressman. e is charged with insider trading and lying to the f.b.i. as alleged in the indictment, congressman collins cheated our markets and our justice system in two ways. first, he tipped his son to confidential corporate information at the expense of regular investors. and then he lied about it to law enforcement to cover it up. also charged is his son. cameron collins. and stephen zarsky, the father of cameron's fiancÉe. these charges are a reminder that this is a nation of laws. and that everybody stands equal before the bar of justice. now i'd like to go into the details of the allegations a little more. in addition to serving in the house of representatives, congressman collins was also on the board of directors of innate immunotherapeutics, a publicly traded company that was developing a drug for multiple cler -- multiple sclerosis. in june of 2017, congressman collins was told confidential and highly sensitive information about innate. information that was not yet made public. namely,

one is an urgent effort to get indicted and christopher collins off the ballot in western new york. ding charges but republicans are worried he might lose a district he carried about 26 points and help democrats make a national argument about a culture of gop corruption. the tight special election, this past tuesday in an ohio house district, the president carried by nearly a dozen points, the gop candidate leads as the final votes are being counted but the democrat ran very strong in the close in suburbs that were once reliably republican. >> there's no question that people sent a message to the party to republicans that knock it off, the chaos and divisions a lot of republican women don't like this noise. they don't like this division. >> here's the challenge for the republicans. if you are losing college educated women, if you are losing millennials. if you are losing minorities because you're not getting much of that vote at all, you've got a problem. >> let's come back to the point made there by governor kasich in a moment. new york has a very strange election law. to get off th

christopher collins, a republican congressman, his son cameron collins, and the father of their fiancere charged by federal prosecutors in manhattan. they deny any wrongdoing. global news, 24 hours a day on air. powered by more than 2,700 journalists and analysts in more than 120 countries. i am taylormberg. riggs, this is bloomberg. ♪ quiet but profound, that is how our guest describes the shift underway. he says in fixed income could replace equities as a core asset class. expanding related borrowing from billions of dollars to trillions. so what are the drivers of this pivot? still with us is our guest from pimco. what is the catalyst for this? mike: it is twofold. as long-term investors, we have been, over a number of years, trying to formally integrates these long-term issues. the stench to play out over a multi-year time period. it is something we have been embedded in our team, which is likewise is what we had in doing. now, we think we are at the point where it is embedded across our team. we can really make some noise about this. the equity universe has been focused on sustain

attorney laid out timelines and phone records, proof he says that republican congressman christopher collins guilty of insider trading and lying to the fbi. >> congressman collins acted as if the law didn't apply to him. >> reporter: collins, his son cameron and his son's future father-in-law face 13 krim ncri counts all together. the crimes revolve around the australian pharmaceutical company innate. according to the indictment, on june 22nd of last year, innate's ceo informed his board of directors, including collins, that the company's critical drug trial had failed, news that was not yet public. congressman collins was at a picnic at the white house, and minutes after getting the news, according to prosecutors, collins called his son to tell him, breaking federal law. cameron collins moved quickly to save his money. >> he sold stock based on that inside information, and he also took that illegal inside information and tipped others. >> reporter: days later, the stock would plummet. according to the indictment, "the insider" trading allegedly saved the defendants and others over three-qua

christopher collins, as you said, the republican from new york was taken into custody.endered to his attorney and then went to the fbi. he's charged with securities fraud, wire fraud, false statement and basically this also involves his son cameron collins and another individual by the name of steven czarski. we expect to learn more at this press conference. the 30-page indictment unsealed moments ago so we're going through that to learn more but as you said poppy nonetheless significa significant. he's under arrest and will face a judge later on these charges. >> shimon, i'll let you go through that indictment so you can bring us more specific th e there. chris collins has surrendered to the fbi at his attorneys' office right here in manhattan. more in a moment. stay with me. to your healthy routine and see how activia yogurt with its billions of live and active probiotics may help support your digestive health so you can take on your day. start the activia probiotic challenge today. it works or it's free! the first person to survive alzis out there.ase and the alzheim

the house ethics committee and he says that in the meantime, while this is all going on that, christopher collins will no longer be seated in that committee for the house energy and commerce committee. shep? >> shepard: bryan llenas on scene. the lawyers for the congressman have suggested to the media that they will be holding news conferences coming up. if that happens we will take you there for it live team trump says it's responding to the special counsel robert mueller's request to interview the president. rather than saying yes or no. mr. trump's lawyer rudy giuliani says he is putting forth conditions and that there's a lot to be negotiated. as always, no word on anything from the special counsel. we're led to believe that this has been a month's long saga between mueller's team and president trump's attorneys. the president has said that he is willing to meet with the special counsel but his lawyers say they are concerned about questions that could raise red flags. mueller is looking into moscow's meddling in the 2016 presidential election and the possibility of collusion with members of t

is evening, new york republican congressman christopher collins is facg charge related to alleged insider trading. federal prosecutors say it had to do with his time serving on o the board a biotech company. they say w n collins learned that a clinical drug trial would be a failure, he tipped off his son, leading him and others to sell their shares. >> any stock price plummeted the 2% on t -- 92% following the announcement but his -- >> entered a not guilty plea. released now on $500,000 bond. >>> only on 4 tonight, for the first time we're hearing from a woman who survived after a cara d into a crowd in charlottesvill how she's moving forward after a long year of recery. >>> major changes coming to east-west highway in prince george's county starting this george's county starting this week and it's ♪ ♪ ♪ raindrops on roand whiskers o♪ ♪ bright copper kettles and warm woolen mittens ♪ ♪ brown paper packages ♪tied up with stringses and warm woolen mittens ♪ ♪ these are a few of my favorite things ♪ ♪ it's a revolution in sleep. the new sleep number 360 smart bed, from $999... intelligently

christopher collins, representing the 27th district of new york, his son, and the father of cameron collinsfiance were charged by federal prosecutors. they deny wrongdoing. china's inflation held up as commodity prices eased. producer prices rose from a year earlier. consumer prices rose against forecasts of 2%. china confirmed it will match u.s. tariffs on additional $16 billion worth of imports. another ratchet higher between the two nations. -- for trade tensions between the nations. global news, 24 hours a day on air and @tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. manus: think you very much. randgold resources just reported second-quarter profit. gold sales came in at $411.4 million. the ceo joins us in the studio. in.ere just chiming how would you describe the quarter? you said a nice word to me which sums it up. >> it is a solid quarter. a quarter that will take us back to our guidance by the end of the year. anna: a solid quarter. good morning to you. tell us the highlights and low lights. i want to focus on the

indictment also includes the congressman's son. >> sandra: brian yenis joins us with more. >> christopher collins0 a.m. this morning. the congressman is being charged with federal insider trading related to an australian biotechnology company. representative collins served on the company's board of directors, his son, cameron collins and the father of cameron's fiance also face insider trading charges. prosecutors accuse collins of getting insider information about a new drug the company was creating and illegally shared the information with the other two men who made timely trades based on that insider info preventing them from losing over $768,000 they would have otherwise lost had it not been for the information provided by collins. according to the indictment this all began june 2017. the company was developing a drug to treat a form of multiple sclerosis. prosecutors allege representative collins knew the drug failed trials five days before the news became public. they know this because collins received an email from the ceo of the company at a congressional picnic at the white house and pro

today we announced criminal charges against christopher collins, a united eights congressman. -- united states congressman. congressman collins is charged with insider trading and lying to the ei -- the fbi. congressman collins cheated our markets and our justice system in two ways. first, he tipped his son to confidential court with information at the expense of regular investors, and then he lied about it to law enforcement to cover it up. a briefing held earlier today as authorities announced federal insider trading charges against new york congressman chris collins. he has been accused of tipping off his family and friends to insider knowledge of a drug company's failed clinical trials for a drug to create -- treat multiple sclerosis. we will show you today's briefing in its entirety tonight at 7:30 eastern here on c-span. a look at our primetime schedule on the c-span networks. starting at 8:00 p.m. eastern, former president barack obama delivers remarks at the annual mandela lecture in south africa on c-span. book tv with a look at recent biographies. on c-span3, american history

investigation, not the carter dossier or the christopher steele dossier as the president would like us to believe, david. >> let me ask you about chris collins of the 27th district here in new york, republican congressman. he was the first lawmaker to throw his support behind candidate donald trump back in 2016 when he began his presidential campaign. he's been wrapped up in an insider trading probe. he was arrested on wednesday of this week. explain the significance of what we saw today, the congressman effectively freezing his campaign for reelection. >> reporter: that's right. were it not for this insider trading indictment, chris collins would be a shoe-in. it represents a sure-fire red republican district, but the kind of scandal he is facing is a political liability for any incumbent seeking reelection. it is also a political opportunity for a politician's challenger. in this case it is a democrat named nate mcmurray. i reached out to him a couple of hours ago and got this statement. he says this. it is absolutely true that chris collins should not be running for this or any other seat, a fact that the local republican party knew full

collins on insider trading. eff: good afternoon. i am just burning some of the u.s. attorney for the southern district of new york. today, we announce criminal charges against christopherharges, a united states congressman. lyings is charged with to the fbi at insider trading.