and so did cameron collins and so did steven czarsky. by lying to the fbi, they compounded their insider trading crime with the crime of criminal cover-up. now i'd like to go over these charges which summarize some of the allegations in the indictment. the first charge is a tipping change. it demonstrates the flow of the illegal insider information and the trading, the illegal trading of that information. at the top of the chain, congressman collins. he had an obligation as innate board member when he received confidential corporate information to receive 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 information

later that night, cameron drove to the home of steven czarski, the father of his fiance and then at 94 his wife placed a call to her stockbroker to sell shares of the company according to the complaint. prosecutors allege that between the opening of the market on friday june 23rd and the close of business on the following monday, cameron collins sold a total of nearly 1.4 million shares of in ---in nate. they said they avoided $750,000 in losses on the stock. >> here is a better inside tip for those who think they can play by a different set of rules. access to this kind of information carries with it significant responsibility. especially for those in society who hold a position of trust. act honorably and in accordance with the law and do not lie to especially agents of the fib sfwlrvelg. >> reporter: collins has been dodging questions for over a year. >> congressman tom price, a friend of yours nominated to be secretary of health and human services facing serious ethics questions after acting on a stock tip from you. this is what all came up in the hearing. did you encourage him to

and basically this also involves his son cameron collins and another individual by the name of steven czarskiect 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 alzheimer's association is going to make it happen by funding scientific breakthroughs, advancing public policy, and providing local support to those living with the disease and their caregivers. but we won't get there without you. join t