collins, and three others. thats complaint allege christopher collins learned of the negative news incapacity -- -- of innate.s in addition to cameron collins is selling his own innate shares, he is alleged to have tipped his girlfriend, her mother, and her father. thatec further alleges after trading in his own account, cameron collins' fiancee's father tipped others. this bars christopher collins from serving as a director of a public company. being the director of a public company comes with responsibilities and is a privilege. christopher collins is accused of breaching his responsibilities. the defendants, on the sec alleges each avoided losses by selling all of their innate shares in advance of the company's negative announcement, have each agreed to settle the charges against them by consenting to injunctions, giving up their own guy gains -- ill-gotten gains. accountants who engage in illegal insider trading should not serve in the role of gatekeeper in our securities markets. the settlements are subjec

. -- by congressman collins. case of this type .ignificance involves the fbi their representatives are standing up here with me today. to my left is my good friend bill sweeney, the assistant director in charge of the fbi's new york field office. to the far left is john, the special agent in charge of the fbi new york office criminal division. the fbi's work on this case was a calculator. i want to thank them for their professionalism and dedication. we work with the fbi on so many cases and it is always a privilege. stephanie and steve are codirectors of the division of enforcement. and the fccank them for their hard work on this. i want to acknowledge and thank the prosecutors in my office handling the case. , bob right is max nicholas then, scott hartman and co-chiefs of our securities and commodities fraud task force. collins, who by virtue of his office helps to write the laws of our nation, acted as if the law did not apply to him. the charges today demonstrate once again that no matter what the crime and n

cameron collins. and so did steven zarsky. by lying to the fbi, they compounded their insider trading crime with the crime of criminal coverup. now i would like to go over to these two charts which summarize some of the allegations in the indictment. this first chart is a tipping chain. it demonstrates the flow of the illegal insider information and the trading, the illegal trading on that information. at the top of the chain is congressman collins. he had an obligation as innate board member, when he received confidential corporate information, to keep that information secret until the company announced it to the public. in total disregard of that obligation, minutes after congressman collins received the devastating, highly confidential news that innate's drug had failed its drug trial, congressman tocongress m congressman collins tipped that information to his son so his son could trade it. cameron collins. when he received that illegal inside information, he did two things, both of which are illeg

cameron collins. when he received that illegal inside information, he did two things, both of which are illegal. he sold stock based on that inside information and avoided $570,000 in losses. and he also took that illegal inside information and tipped others. he tipped his fiance. he tipped his fiance's wife. he tipped his fiance's father and he tipped a friend. all of whom traded on that illegal inside information. steven czarsky, his fiance's father, avoided $143,000 in losses by trading on that information and he tipped others. he tipped his brother. he tipped his sister. and he tipped a friend. two of whom traded on the information. one attempted to trade on the information, but was unable. in total, the conspirators avoided losses of over $768,000 all because of the initial illegal insider trading tip by congressman collins. in this chart, we set some of the key allegations in the indictment against a timeline, a backdrop of the innate share price. on the evening of june 22nd, 2017, congressman c

now throwing chris collins. all of these people have some sort of close friendship with the president. so it only sort of adds to an ugly stew that is already difficult for the republican party to deal with in november. i think you throw in the ingredient of corruption and it can supercharge a political atmosphere for a political party. >> not to mention the reporting by our own anna schechter and cynthia mcfadden about the trump hotel. >> i left out the saudis and trump. there's that, never mind i think there is a couple -- you're right. >> it's continual. there is story after story about how this administration is taking advantage of their position or things they are doing wrong when they are in a position of power. >> right. >> shane, you have been covering this story. this is far from the first time that we have been hearing chris collins' name in questions about questions at the very least about his trading. jake sherman's first read in january 2017, a year and a half ago, notes that chris collins was overh

so did cameron collins. and so did stephen zarsky.lying to the f.b.i., they compounded their insider trading crime with the crime of criminal cover-up. now i'd like to go over to the two charts which summarize some of the allegations in the indictment. the first chart is a tipping chain. it demonstrates the flow of the illegal insider information. and the trading. the illegal trading on that information. that is the top of the chain is congressman collins. he had an obligation as innate board member when he received confidential corporate information to keep that information secret until the company announced it to the public. in total disregard of that obligation, minutes after congressman collins received the devastating, highly confidential news, that innate's drug had failed its drug trial, congressman collins tipped that inside information to his son so that his son could trade. cameron collins, when he received that illegal inside information. he did two things. both of which are illegal. he sold stock based on that inside infor

collins: senator smith. smith.ak >> thank you madam chair and thank you all of you for being here today. it is an interesting panel. we are coming and going from votes. if i have a moment i would like to follow up on the questions that senator hassan started. i want to start out by saying i believe in the power of innovation and biomedical research, coming from my home state of minnesota, which is such a center of excellence, both in the university of minnesota, and also the mayo clinic. senator collins was talking about the power of regenerative medicine which is something we have been working on intensely, especially at the mayo clinic. i believe strongly in that. i also believe, if people cannot afford the therapies and the medicines that we are imagining, that we are creating, we have a real problem. i have to tell you that this is the number one issue i hear about from minnesotans, whether it is figuring out how to pay for a therapy like insulin, which has been around for 100 years, to figuring out how

collins. we will hear from dr. collins and senators will each have five minutes to ask questions. we have a vote at 10:30 a.m., not in the committee but on the floor, so we will continue straight through with questioning, senator bennett and i and other senators will share the presiding today so we can continue the discussion. not long ago i ran into a friend from vanderbilt university who was perhaps our largest contributor to cancer research. he said, "isn't it a shame that congress isn't doing anything to fund biomedical research?" this is how i replied. i said, "in december 2016, congress passed what senator mcconnell called the most important legislation of the year, the 21st century cures act and that gave the national institutes of health $4.8 billion for the precision medicine initiative, the cancer moonshot, regenerative medicine as well as new flexibility and authorities to conduct research we hope will lead to breathtaking new medicines, treatments and cures." that was thanks to sen

against congress collins in court. and will mount a vigorous defense to clear his good name. it is notable that even the government does not allege that congress man collins traded a single share of innate therapeutic stock. we are confident he'll be completely vindicated and exonerated. the complaint also alleged that collins was at the white house attending the congressional picnic when he conducted some of the activity that led to the insider trading charges. this one is extraordinary for me. he's nots just being investigated. he's not just being charged. he was arrested. they knocked on his door and arrested him. a serving congressman. wow. joining me now nbc news investigations reporter tom winter live on the phone and former u.s. attorney for the district of new york. how does this go down? >> well, stephanie, as you said and as the diindictment says, t congressman was at the white house for a congressional picnic and apparently, according to the dime he received information -- he's on the board of directors of t

director collins: perfect. >> dr. collins, always great to see you. appreciate the work you are doing. i continue to claim you as my cousin and i hope you will not disabuse others. director collins: i am honored. >> the 21st century ears act divided multiyear funding -- 21st century cures act divided multiyear funding, researchers are working with a team from jackson lab in maine and the main medical center research institute in an nih led effort n kidney regeneration. some others may want to comment. to address the high health care costs associated with treating chronic kidney disease. i visited the main medical center research institute and it is absolutely fascinating, the work that is going on. could you tell us whether you are seeing any results yet from the regenerative medicine initiative? i know it is early. director collins: i would love to talk about that and appreciate that this was included in 21st century cures as one of the initiatives with a callout for extra funding. certainly, this idea of being able to build whole organs is one of th

what's collins charged with? >> congressman collins, republican of new york, has been arrested this morning, as you said. he was charged by the justice department for insider trading. these charges are related to an australian biotech company called innate immuno therapeutics. collins was on the board of the company and also a big investor in the company. part of what he is being accused of is taking information he learned about a drug trial that the company conducted and then sharing that information so that he and others close to him, including his son, could avoid significant financial losses. i have to point out this incredible detail from the indictment. last june the company's ceo e-mailed collins to let him know that the drug trial was a failure. where was collins at the time he received this e-mail? he was attending the congressional picnic at the white house. the indictment goes on to say that he responded to this ceo's e-mail, then proceeded to call his son multiple times so that he could tip him off ab

director collins: 11,000. chairman alexander: they have to go into the jury pool and be eligible to be selected. they may not be the best but be eligible to be selected for the panels. the quality of the review panels would be my second question. the third question would be -- i have heard criticism that the proposals have become more conservative and more bureaucratic and longer and that at one time, proposals before the review panels were shorter and more succinct and older. -- boulder. -- bolder. director collins: those are three wonderful questions and i am glad to respond. they resonate with things we are doing at nih. with regard to young scientists -- totally agree. this is critical, this is the future. we have gone from 2003 to 2015 in a tough time for the scientists. nih purchasing power dropped way back and likelihood of getting funded got to the point where many of them were quite discouraged. we benefit from congressional enthusiasm for nih over the last three years and that has helped. we have pri

whether or not they believe what chris collins has to say because collins was one of the president's earliest supporters, probably one of his earliest supports on capitol hill, day in, day out, during the 2016 primary campaign he was defending donald trump and no doubt the president remembers that and rewards loyalty. what does the president do right now? what does the white house do right now when one of its closest allies has been indicted on some very, very serious charges and which collins himself has said he'll fight very hard to clear his name. we'll wait to hear what the republican leadership has to say. but so far, silence from capitol hill as members start to digest this very surprising news this morning. >> quick follow-up on something you said that i think is important. he said if they try to say, look, this is like senator bob menendez who had these federal corruption charges against him. it is not really apples to apples. with securities fraud, it is different. with menendez, it was, was it a quid pro quo for these things. the government in the 30-page indictment lays ou

collins was on the board of.was able to then sell off shares avoiding more than half a million in losses. collins was already, by the way, under scrutiny for his role on the board, as well as recruiting several lawmakers to invest in the firm, including the former health and human services secretary tom price when he was a member of congress. price's investment, by the way, came up during his confirmation hearing last year. i asked congressman collins about it at the time. here's what he told me. this is in january of 2017. did you encourage him to buy stock in this company called innate immunotherapeutics? >> no, absolutely not. there was nothing done that was insider trading or unethical. i've been involved with innate therapeutics for almost 15 years. i'm the largest shareholder and i talk about it all the time, just like you'd talk about your children. >> were your telling other constituents and friends of yours to go ahead. this is a great stock. go ahead to buy it. >> i talked to them about the great work t

we are standing by for a press conference from chris collins. collins pleading not guilty

but chris collins changed that. he came out and backed the president, he endorsed him when it seemed like not a lot of other people would or were at the time. you've got to imagine president trump sitting in somerset county not too far from where we are right now on his so-called working vacation perhaps watching cable news, perhaps seeing the coverage of chris collins' arrest might have something to say. >> yes, well, under normal circumstances the president of the united states should have nothing to say about an ongoing criminal investigation, but these are not normal times, this is not a normal president, and i think that it would be more surprising if, in fact, the president exercise presidential restraint. so i don't think anybody will be surprised if the president tweets out in defense of his friend. >> anna and sahil, talk a little bit more about the idea that this is something that has been in a sense hang over collins for a little while now. i know you've done some reporting on this. >> right. as we mentio

that is bargaining power for collins.nd again, prosecutors do want to make deals where they say okay, you have abused the public trust and you need to quit right now that will count favorably in what we recommend to the judge. >> we want to see what donald trump says. he will talk about this. and again we are waiting on the press conference. we are waiting on chris collins' arrival. we will bring you that as soon as he steps onto the podium. coming up, about last night, president trump taking credit for a race that we say is still too close to call. republicans may be embarrassing in ohio but should they be celebrating. we will go to the board and dig deep in ohio. what does it mean for the bigger picture across the country in november and also president trump's legal team rejecting mueller's terms for an interview. is it a stall tactic to avoid a decision. a new report that claims trump gave mar-a-lago buddies sweeping control of the veterans affairs. this is "hardball" where the action is. i didn't believe it. again. ♪

one minute after receiving the email, he dialed his son cameron collins. authorities say after six missed calls he finally connected and collins allegedly tipped his son off about the disastrous drug trial. almost immediately, the fbi says, cameron tried selling his stake in the company, passing the information on to his fianc fiancee, her father, and at least three co-conspirators. shared dropped 92%. >> i have the honor of seconding the nomination of donald j. trump. >> reporter: collins was the first member of congress to endorse donald trump. he pleaded not guilty in federal court. in a statement his attorney pointed out collins himself is not accused of trading any stock. we're confident he'll be completely vindicated and exonera exonerated. for cbs news, tony dokoupil. >>> well, later this month the u.s. will impose new sanctions on marco rubio for a fatal attack using chemical weapons. the sanctions will include the denial of export licenses for russia to purchase many items with national security implications. major garrett has the details. >> the

collins accused of giving insider information about pharmaceutical company innate to his son after collinsore it went public. >> he didn't keep it secret. instead, as alleged, he decided to commit a crime. he placed his family and friends above the public good. >> reporter: according to the indictment, while collins at a congressional picnic at the white house, posing for pictures with the president and first lady, on june 22nd, 2017, he received an e-mail at 6:55 p.m. that the drug trial the company had been banking on failed. at 7:10 p.m., he replied, wow, makes no sense. one minute later, at 7:11, he launched a flurry of phone calls to son cameron. when they connected at 7:16, the congressman allegedly told cameron the drug trial had failed. the next morning, collins' son allegedly told the broker to sell and over three days ditched more than 1.3 million shares of innate stock saving himself a loss of nearly $600,000. and collins' son allegedly passed on the information to several ores also prompting them to sell. >> illegal trading of that information. >> reporter: the company didn't p

we are standing by for a press conference from chris collins. collins pleading not guilty to charges of insider trading and lying to the fbi. collins is the first member of congress to endorse donald trump for president, the first and most vocal. he was arrested today along with his son and the father of his son's fiance. we will bring this to you live. so as we await that i want to give you the details on this development with mueller. the president making new demands on mueller. his lawyer rudy giuliani giving mueller a deadline for a sit down interview with the president. >> you do not want to run into the november elections. this should be over with by september 1. we have now given him an answer. he obviously should take a few days to consider it. but we should get this resolved. >> september 1. let's be clear here. the timeline is not under trump's control. his team is trying to make it look that way and play it that way in the court of public opinion. this is mueller's timeline in his investigation. giuliani telling cnn that trump will co

his son, cameron collins, is the little fish.what congressman collins has to wonder is how long will it take for his son to turn against him? how long will it take for congressman collins' son to plead guilty in exchange for no prison time and testify against his father? and that is the drama that president trump will watch most closely, how long does it take for the son to turn against the father? joining our discussion now, david k. johnson who founded d.c. report.org. he is the author of "it is even worse than you think, what the trump administration is doing to america." and back with us, joyce vance. david, what do you suppose is going through the trump minds as they watch the collins case unfold? >> thank goodness daddy has the power of the pardon probably is their first thought. >> yes. >> which chris collins does not have. and i have been talking tonight to both republicans and democrats and business people up here in western new york where i live. and it is astonishing to hear how on both sides people really dislike chri

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

collins distracted. perhaps looking down at the phone. this is exactly 14 minutes after collins according to prosecutors called his son to give him the tip. i mean, it really is remarkable. again, innocent until proven guilty. people seem to think that there aren't going to be investigations or records of these things. >> i mean, the term that people use, culture of corruption. him being there in the environment and making -- that is literally a culture of corruption. that's what that is. and at this point, like, with all the people accused of these sort of acts, it's like starting to feel like looting. it is starting to feel like people came in and get everything -- like a supermarket sweep of criminality. running through with the arm out to get everything into the cart and makes me feel like president trump talking about a witch hunt and see stuff like this, the commerce secretary, the garden variety corruption issues in the sense that it's stuff that has happened more isolated cases in the past and very hard to say that, therefore, it'

collins shared this information with his son. his son then shared that information with others who sold their stock. once news of the drug trial failure became public, the company stock, well it plummeted 92%. prosecutors say the inside information that representative collins provided to his son saved others over $768,000 in potential losses. >> congressman collins had an obligation, a legal duty to keep that information secret until that information was released by the company to the public. he didn't keep it secret. instead as alleged, he decided to commit a crime. he placed his family and friends above the public good. >> in a statement to fox news, collins' lawyer says this, quote: it is notable that even the government does not allege that congressman collins traded a single share of innate therapeutics stock. we are confident he will be completely vindicated and exonerated it is true that the congressman did lose millions in stock value he did not trade. the reason he didn't trade his stock was because he was under investig

collins is a tipper. he had insider information and information according to the allegations and indictment was information under company that should not be exposed. you show allegations of the phone records as he supposedly franticly calls his son from the white house. >> from the white house. >> yes, multiple in a row and there is a six-minute phone call. this is the kind of case even if you don't have a recording from that phone call, the inference to be drawn is very compelling and you have all of these tippees who are selling and avoiding the disaster that was the result of this negative report. >> u.s. attorneys typically don't bring charges like this unless they feel it is a slam dunk case. >> u.s. attorneys build their case and spend a lot of time until they finally seek an indictment. when a federal case is indicted, it usually leads to a conviction. >> zeke, i want to play something of what president trump said, this is july of last year. >> take a listen. congressman chris collins. right from t

that's congressman chris collins who is getting into that vehicle.happened there. you know, he had just been charged with numerous counts, including insider trading. we're waiting to hear about bond. we are expecting his attorneys to speak. congressman lewis, i want to show you what happened just a moment ago as he came out of the building. we had -- you can hear the reporters come running because the congressman is on his way out. whwe had been given a heads up that the lawyers might hold a news conference because they had told us earlier, actually, stand by for a lot more information later. listen here. so that's it. now the camera will come off the tripod and try to track them all down. back to the live pictures now and can you see our camera is making its way back to position and the thinking was that the lawyers would hold a mini news conference. remember, the congressman, as the story goes from the prosecutors, they have digital trails and emails and text messages and phone calls that suggest that while the congressman was the biggest sharehold

there's not a lot of good news from representative collins. first of all, even though he's from up state and represents up state, he got charged in the southern district. this is in their wheelhouse dating back to the 1980s. that's bad news. he's looking at realtime. you know, we did a case a few years ago when i was there, i didn't do it but against a billionaire hedge fund who was sentenced to 11 years in prison. he's looking at serious time behind bars. i was speaking with the profess professor beforehand and we agree even though he didn't make stock transactions himself, he's liable as a tipper, someone passed insider information down the line. i don't see anywhere for him to cooperate. there's not a lot of good news for the representative. >> we see the video of him. he's at the white house for a picnic. gets this phone call from this pharmaceutical company saying, the drug is a bust. and so he picks up his phone and calms his son seven times. cell phone records. and tips him off to sell. he had to have known better. >> yeah. i mean, he s

congressman collins has since been among the most faithful loyalists in washington. now, he's been arrested in an alleged scheme that results in the arrest of his son as well as the father of his son's fiance. and the chris collins insider trading scandal that burst onto the scene with this indictment touches several other serving republican members of congress and disgraced health secretary, tom price, the first trump cabinet secretary to resign in scandal. we have had our fair share of political scandals and public corruption indictments as a country. that is a history that includes today's date on the calendar in 1974, when president richard nixon resigned the presidency in the wake of the watergate scandal, this day, 1974. but even so, even with that rich history under our belts, it really is something when you wake up to the news of a sitting member of congress being indicted by federal prosecutors and the sight of a sitting member of congress being hauled before a federal judge for criminal arraignment. so, we will have more ahead tonight on trump ally republic

we have chris collins today. the fact of the matter is if danny o'connor had shown maybe a little bit more separation from his party, maybe if he had strongly disavowed nancy pelosi, maybe we'd be talking about a win for the democrats from this r plus 7 seat. >> let me follow up on that. is this -- do those folks, democrats sitting in those marginal districts, do they look at danny o'connor coming up short and say, you know what, i'm going to say no to the pelosi question. >> we're already starting to hear it, chuck. we've got a candidate in northern indiana who's disavowed her who might have a shot. there are democrats all over the map in similar districts who know that this is what they have to do to show separation and show that they're the candidates of change. >> all right. david wasserman, pretty much the only person you need to follow on an election night on twitter. david, thank you very much, sir. >> i dispute that, chuck, but thank you very much. >> i know you do. this is why we're throwing accolades at

one minute after receiving the email, he dialed his son, cameron collins.horities say after six missed calls, they finally connected, and collins allegedly tipped his son off about the disastrous drug trial. almost immediately, the f.b.i. says, cameron started trying to sell his stake in the company, passing the tip to his fiancÉ, her father, and at least six coconspirators. on june 27, when news of the drug failure finally broke publicly, shares in innate immunotherapeutics dropped 92%. >> i have the honor of seconding the nomination of donald j. trump... >> reporter: collins was the first member of congress to endorse president trump. .>> the are meritless and i will mount a vigorous defense in court to clear my name. i tony, some people are >> glor: tony, some people are surprised that a congressman is able to be so involved with a private company. what are the rules about that? >> reporter: well, jeff, it is legal for a sitting member of congress to serve on a corporate board as long as they're not being paid. now, house speaker paul ryan said today he

to prosecutors, collins called his son to tell him, breaking federal law.s 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-quarters of a million dollars. all three pleaded not guilty today. while the congressman's attorneys pointed out in a statement that their client did not benefit financially. >> i thank stephanie goss for that report. kansas gubernatorial primary remains in a dead heat over questions that swirl that the man holding the lead may oversee the count. the results do not include provisional ballots or mail-in ballots. there are no automatic recount rules, but if one is requested kobach would be the one to oversee it unless he recuseded himself. he made widespread claims of illegal voting in the 2016 voting, and he says he has no plans to recuse himself. he says counting would take place at

today probably felt like the longest day of congressman chris collins life.t like a long time coming for the reporters who have been on the story from before the beginning. jerry is the washington bureau chief for buffalo news, the reporter who first broke the story there was a house ethics investigation into congressman collins and his ties to the company way back before any of it. buffalo news stays on the story even when the congressman repeatedly publically attacked them, all up until this criminal indictment today. i imagine this has felt a long time coming. thank you for being here today. >> thank you very much. >> how did this evolve from the first stories that buffalo news ran on this matter to where it ended up today? >> it was a long, long trail that we ended up following. it all started as you mentioned with the investigation into tom price and his stock trades and how they related to chris collins. but really the big break in the story i think is one that went largely unnoticed. it was late in june last year when all of a sudden, one wednesday nig

here is the full statement coming from representative chris collins.swer the charges filed against congressman collins in court and will mount a vigorous defense to clear his good name. it is notable that even the government does not allege that congressman collins traded a single share of innate therapeutics stock. we are confident he will be completely vindicated and exonerated. congressman collins will have more to say on this issue later today." will he

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 and others over three quarters of a million dollars. all three pleaded not guilty, while the congressman's attorneys pointed out in a statement that their client did not benefit financially. collins says he's going to stay in office and run for reelection in november. >> that was stephanie gosk reporting. thank you. >> south carolina police say a white woman who sped through a stop sign and was slurring her words allegedly cited her race and intelligence as a reason why she shouldn't be arrested. after racing past a stop sign at 60 miles per hour in bluff ton, south carolina, police say 32-year-old lauren cut shaw told the arresting officer she shouldn't be jailed because she's,

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 defendants and others over three quarters of a million dollars. all three pleaded not guilty today. while the congressman's attorneys pointed out in a statement that their client did not benefit financially. collins says he's going to stay in office and run for re-election in november. lester? >> stephanie gosk tonight, thank you. >>> graphic surveillance video released by police in nashville tonight is raising new questions about the shooting death of a suspect at the hands of police. no charges have been filed but that city's mayor tonight is ordering a comprehensive review of policing procedures. our gabe gutierrez has details. >> reporter: in the newly released video captured on a nearby security camera, you can see a nashville police officer chasing a

is charged with insider trading and lying to the fbi. >> reporter: collins has pleaded not guilty to insider trading, but prosecutors say he was told by the head of the pharmaceutical company where collins sits on the board that an important test for a multiple sclerosis drug had failed. federal prosecutors say collins received that email and then called his son cameron multiple times before eventually connecting and passing on the information. the son allegedly shared that information with his future father-in-law stephen zarsky and others. everyone involved avoiding nearly $800,000 in combined losses. all pleaded not guilty in federal court. >> the charges that have been levied against me are meritless. >> reporter: collins' arrest is a black eye for republicans ahead of the fall midterm election. republicans could be scrambling now having to defend a seat which was considered safe. the democratic congressional campaign committee now says collins' seat is firmly in play for democrats. >> i look forward to being fully vindicated, and i will remain on the ballot running for re-electi

andrew spencer reports, collins is not backing down. >> reporter: new york congressman, chris collins, vows to fight the criminal charges against him. >> the charges that have been levied against me are meritless. >> reporter: collins appeared in court on wednesday after being arrested at his attorney's office in manhattan. collins, his son and another man face more than a dozen charges of false statements , wire fraud, and securities fraud related to allegations of insider trading. >> i will mount a vigorous defense , in court, to clear my name. >> reporter: thed mber with an n pharmaceutical company. a series of exchanges made during a congressional picnic in june, 2017. the indictment says while collins was at the picnic, he got an e-mail from the company's ceo telling him an important drug trial had failed. according to prosecutors, collins then called his son, and properly passed on the information that the drug trial had failed before the company made that information public. information prosecutors say his son illegally used to dump nearly 1.4 million shares of stock and move t

new york republican congressman chris collins arrested today on insider trading charges. prosecutors say he gave his son a tiphat a sto was about to take a dive. ultimately sing several insiders more than $750,000. collins' attorney says he will be vindicated but this corruption scandal involves one of the president's most loyal political allies. just 90 days before the mis.erm electi blayne alexander is tracking this developing sto for us. hi, blayne. >> reporter: well, jim, he is set to speak about 25 minutes from now, but collins has alreadyade it very clear he's not going anywhere. he sent an e-mail to his supporters, calng it ver bad news, but also saying that he has no plans to remove his name from the re-election ballot in november. but prosecutors say that they've got evingnce shohat he committed a crime in one of the most visible places in the world.♪ ♪ ♪ >> reporter: as he and his colleagues celebrated president trump on the white house lawn at last year's congressional piic, prosecutors say new york gop congressman chris collins was committing a crime. >> to ti

and exonerated. >> congressman chris collins charged with insider trading. >> collins vows to continue his run for re-election in november. >> opposing new sanctions on russia for its use of a chemical weapon in an attempt to kill a former spy on uk soil. >> authorities say the father of a missing georgia boy was training children in new mexico to commit school shootings. >> newly released video shows the controversial deadly police shooting in nashville. >> we do want justice served f him. >> in southern california, the holy fire threatens more homes. >> a 61-year-old accused of setting the wildfires scheduled to appear in court today. >> this is a monster. >> another powerful earthquake in indonesia in an area already earlier this week. >> all that -- >> incredible images after mud goes flying through the air during an eruption in switzerland. >> and all that matters -- >> to boost viewership, next year's oscars will have a new category for astounding achievement in popular film. >> one year, we may hear the words the oscar goes to, fast and furious. >> if they want to appeal to view

president, any response to chris collins? >> exit!ank you. >> got to love the look on his face there. collins, of course, was arrested yesterday, charged with inside trading. yet, he says he's not giving up. his name is still on the ballot in november. but what was once considered a reliable republican win now, with this, has democrats smelling blood in the water. alex marquardt went on the scene to talk to voters and is "outfront." >> reporter: in the far western reaches of this firmly blue state, new york's 27th congressional district is as red as it gets. a district that went heavily for president donald trump in 2016, where in that last election, voters gave representative chris collins a 34-point landslide victory. bill schroeder is a mayor in this district and was one of those voters. now, after collins was arrested for and charged with insider trading, schroeder says he and others are changing their minds about the congressman. so what do you think the reaction was in western new york when they saw this happen yesterday, when h

collins was on the board of the company. but armed with that insider information, the feds say he immediately called his son. the indictment says collins' son cameron sold a large block of stock and tipped off others, including his fiancee's father, who is also facing charges of insider trading. the feds allege they avoided in all more than $700,000 in losses by dumping the stock when they did. u.s. attorney for the southern district of new york, a trump appointee, by the way, said someone who helps write the laws of this land act as if they didn't apply to him. >> congressman collins cheated our markets and our justice system. these charges are a reminder that this is a nation of laws. and that everybody stands equal before the bar of justice. >> all three men, including the congressman pleaded not guilty in manhattan federal court. earlier tonight in buffalo, collins said he is looking forward to clear his name. >> the charges that have been levied against me are meritless, and i will mount a vigorous defense in court to c

i like chris collins.it's not true but you have to really by the end of the week make a decision whether or not somebody should step down. >> sandra: on the board of this company and expected to react at that press conference in the noon hour. you referenced talking about last night and these races and were you suggesting this could be a distraction for your party? >> it is. one more seattle that -- seat that was a for sure republican seat and it is a distraction and it will play out in court and here we have a press conference about that instead of talking about somebody like a john james who will have a really good race. >> sandra: if you could characterize what last night and the results that we still see coming in, what it all says about november. >> it means that there is no big blue tsunami that's out there. democrats don't have national leadership. if you look at the woman who ran and won in new york, every single person that she supported lost. >> sandra: ocasio-cortez. >> yes. >> sandra: great to

collins: thank you all for coming today. before i get started, most of you here know my wife of over 30 years, mary. thanks for being here. national press may not know her as well as our local press does. over the years, i have often talked about the american dream. i am extremely fortunate in that i have lived it. it started for me when i borrowed and started scraping together every dollar i could buy the westinghouse gear division in buffalo. i moved it to niagara falls under a new name. i am proud that we put hundreds of people to work, who are still working there today. after selling that company in 1997, i ran for congress in 1998, up in the niagara falls area, knowing that my business experience would benefit the citizens of new york, and offer a new perspective in congress. after being humbled in that race, i spent the next 10 years as an entrepreneur, investing in and helping to stabilize dozens of bankrupt and financially distressed companies, saving and creating hundreds of jobs here in western new york. in 2007, i

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collins gets an e-mail from the ceo of the company saying the drug failed clinical trials.his son cameron, making contact after four attempts. cameron contacts his future mother-in-law, who tells her broker to dump the stock. the next morning cameron dumps over 16,000 shares of the company. so when you see it all laid out like that, does it seems like collins and his attorneys have an uphill climb here? what do you see when you look at that time line? >> well, it's clear don that these allegations are very serious, and that chris collins is going to have a tough time, and his family, going-forward, now, we have to operate under the presumption of innocence. doj is -- they've indicted him, that will trigger the house ethics committee to act. they will empanel an investigation subcommittee. the department of justice will call the subcommittee and say, please defer the matter to us. the committeep likely honor that request. right now chris collins is going to be in for a really rough road here, there's no question about it, he's been stripped of his seat on the energy and comm