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

the fbi asked to interview him, and instead of telling the truth, cameron collins, did stephen zarskyrime ofged in a criminal cover-up. i would like to go over the charge with some of the allegations in the indictment. the first chart is a tipping chain to demonstrate the flow of the illegal insider information and the trading, illegal trading of that information. at the top of the chain is congressman collins. he had applications as innate board member when he chose to train corporate information to secret toinformation the company and announced to the public. in total disregard of the obligations of minutes after congressman collins received the devastating, highly confidential e's drugt innat therapy drug trial, congressman informationed that to his son, so that his son could sell. 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. he also took that illegal insider information and tipped others. he tipped his fiance, his fiancee's father and a friend. on thathom traded illegal

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-election this november. >> collins' next hearing date is october 11th, just a little more than three weeks before the midterm elections, and, guys, he says he's not dropping out of the race. back to you. stephanie ramos in d.c., thanks so much. >>> the trump administration is slapping more trade sanctions on russia as punishment for a nerve agent attack in britain. a former russian spy and his daughter were poisoned in march and barely survived. now

his son then allegedly sharing that information with his future father-in-law stephen zarsky and others. the government says the next morning, the group started dumping shares of the company. four days later, when the failed test results were publicly disclosed, the stock plunge d 92%. today, the congressman, his son and zarsky all pleaded not guilty in federal court. collins' attorneys telling abc news, "we will answer the charges filed against congressman collins in court and will mount a vigorous defense to clear his good name. we are confident he will be completely vindicated and exonerated." >> and rebecca jarvis live tonight from the new york stock exchange. and rebecca, the speaker of the house tonight, republican paul ryan, taking action in the wake of this indictment? >> reporter: that's right, david. house speaker ryan says the courts will decide collins' guilt or innocence, but he wants a thorough ethics investigation, and until the matter is settled, the congressman will no longer serve on the house energy and commerce committee. but the congressman plans to run for re-elect

the congressman, his son and stephen zarsky now face 13 counts of securities fraud, wire fraud and false statements stemming from the alleged insider trading scheme. they have all pleaded not guilty in court. >> it seems pretty clear cut. >> in general insider trading cases can be murky. this one is a lot clearer in terms of the fact. >> the trial not till after the election. >> that's right. >> thank you, rebecca. >>> we're going to go to the white house now where president trump's legal team has rejected robert mueller's request to interview the president. the latest twist after eight months of negotiations that could force a showdown in court. i want to go to our chief white house correspondent jon karl and the president's lawyers making it clear they don't want him to answer questions in person about obstruction of justice, questions about blocking the russia investigation. >> reporter: they don't want him answering any questions about things like the firing of james comey or anything related to allegations that he has tried to interfere or obstruct the russia investigation, and, geo