IN THROUGH NEW HAMPSHIRE PRIMARY AS WELL.

AS WELL. DAVID.

DAVID. >> FORMER CONGRESSMAN CHRIS

>> FORMER CONGRESSMAN CHRIS COLLINS SENTENCED TO 26 MONTHS

COLLINS SENTENCED TO 26 MONTHS IN FEDERAL PRISON TODAY AFTER

IN FEDERAL PRISON TODAY AFTER PLEADING GUILTY TO AN INSIDER

PLEADING GUILTY TO AN INSIDER TRADING SCHEME.

TRADING SCHEME. TOM WINTER JOINS ME NOW.

TOM WINTER JOINS ME NOW. TOM, TAKE US BACK TO WHERE THIS

TOM, TAKE US BACK TO WHERE THIS BEGAN.

BEGAN. IT WAS ON THE WHITE HOUSE LAWN

IT WAS ON THE WHITE HOUSE LAWN AT A CONGRESSIONAL PICNIC.

AT A CONGRESSIONAL PICNIC. BUT WHAT WAS HE ACCUSED OF?

BUT WHAT WAS HE ACCUSED OF? WHAT WAS HE CONVICTED OF AND

WHAT WAS HE CONVICTED OF AND SENTENCED TO?

SENTENCED TO? >> DAVID, YOU SET THE SCENE

>> DAVID, YOU SET THE SCENE PERFECTLY.

PERFECTLY. WHAT HAPPENED IS THAT CHRIS

WHAT HAPPENED IS THAT CHRIS COLLINS WAS ON THE BOARD OF A

COLLINS WAS ON THE BOARD OF A PHARMACEUTICAL COMPANY AND

PHARMACEUTICAL COMPANY AND OBVIOUSLY PHARMACEUTICAL

OBVIOUSLY PHARMACEUTICAL COMPANIES GO THROUGH DRUG

COMPANIES GO THROUGH DRUG TRIALS.

TRIALS. THEY WANT TO SEE IF WHATEVER

THEY WANT TO SEE IF WHATEVER DRUG THEY'RE DEVELOPING ACTUALLY

DRUG THEY'RE DEVELOPING ACTUALLY WORKS ON PATIENTS OR ACTUALLY

WORKS ON PATIENTS OR ACTUALLY WILL WORK IN TESTS.

WILL WORK IN TESTS. AND WHEN CHRIS COLLINS WAS ON

AND WHEN CHRIS COLLINS WAS ON THE WHITE HOUSE LAWN, PART OF A

THE WHITE HOUSE LAWN, PART OF A CONGRESSIONAL PICNIC AS YOU

CONGRESSIONAL PICNIC AS YOU SAID -- EXCUSE ME -- HE GOT A

SAID -- EXCUSE ME -- HE GOT A PHONE CALL SAYING THE TRIAL

PHONE CALL SAYING THE TRIAL HAPPENED AND IT WENT BAD.

HAPPENED AND IT WENT BAD. AND BASICALLY, THIS REALLY BAD

AND BASICALLY, THIS REALLY BAD NEWS FOR THE COMPANY AND ONCE

NEWS FOR THE COMPANY AND ONCE THE NEWS BECAME PUBLIC, THE

THE NEWS BECAME PUBLIC, THE SHARES WOULD PLUMMET.

SHARES WOULD PLUMMET. WHICH IS WHAT THEY EVENTUALLY

WHICH IS WHAT THEY EVENTUALLY DID.

DID. BUT THERE WAS GOING TO BE A HOLD

BUT THERE WAS GOING TO BE A HOLD ON HIS SHARES, HIS SHARES WERE

ON HIS SHARES, HIS SHARES WERE BEING HELD OVERSEAS WHERE THE

BEING HELD OVERSEAS WHERE THE COMPANY WAS LOCATED BUT NOT ON

COMPANY WAS LOCATED BUT NOT ON HIS SON'S SHARES.

HIS SON'S SHARES. SO FOR THE NEXT COUPLE DAYS, IT

SO FOR THE NEXT COUPLE DAYS, IT WOULD NOT BE KNOWN TO THE REST

WOULD NOT BE KNOWN TO THE REST OF US THIS TRIAL HAD GONE POORLY

OF US THIS TRIAL HAD GONE POORLY FOR THE COMPANY.

FOR THE COMPANY. PICKS UP THE PHONE.

PICKS UP THE PHONE. HE CALLS HIS SON AND HE ALSO HAD

HE CALLS HIS SON AND HE ALSO HAD HIS -- HIS FUTURE IN-LAWS

HIS -- HIS FUTURE IN-LAWS ACTUALLY OWN SHARES IN THIS

ACTUALLY OWN SHARES IN THIS COMPANY AS WELL, CALLS HIS SON

COMPANY AS WELL, CALLS HIS SON AND HE SAYS YOU GOT TO START

AND HE SAYS YOU GOT TO START DUMPING THIS STOCK.

DUMPING THIS STOCK. HIS SON -- HIS SON, AS WELL AS

HIS SON -- HIS SON, AS WELL AS THOSE IN-LAWS, WERE ALSO CHARGED

THOSE IN-LAWS, WERE ALSO CHARGED IN THE STEEM.

IN THE STEEM. SCHEME.

SCHEME. NOT A GOOD MOMENT.

NOT A GOOD MOMENT. >> THE TERM WAS 26 MONTHS IN

>> THE TERM WAS 26 MONTHS IN PRISON.

PRISON. SERVE TWO TERMS CONCURRENTLY

SERVE TWO TERMS CONCURRENTLY HERE.

HERE. HOW IN LINE IS IT WITH WHAT

HOW IN LINE IS IT WITH WHAT PROSECUTORS WANTED?

PROSECUTORS WANTED? >> KIND OF SPLIT THE MIDDLE

>> KIND OF SPLIT THE MIDDLE HERE.

HERE. BASICALLY, PROSECUTORS WANTED

BASICALLY, PROSECUTORS WANTED ALMOST FIVE YEARS FOR WHAT HE

ALMOST FIVE YEARS FOR WHAT HE DID.

DID. THEY ASKED FOR THE UPPER END OF

THEY ASKED FOR THE UPPER END OF THE GUIDELINE RATE.

THE GUIDELINE RATE. SO CERTAINLY NORTH OF FOUR

SO CERTAINLY NORTH OF FOUR YEARS.

YEARS. GOING TO DO A LITTLE OVER TWO

GOING TO DO A LITTLE OVER TWO YEARS.

YEARS. BASICALLY, PROSECUTORS SAID,

BASICALLY, PROSECUTORS SAID, LOOK, NOT ONLY WAS HE INVOLVED

LOOK, NOT ONLY WAS HE INVOLVED IN THIS INSIDER TRADING SCHEME.

IN THIS INSIDER TRADING SCHEME. HE PLEADED GUILTY TO IT BUT ALSO

HE PLEADED GUILTY TO IT BUT ALSO TEN MONTHS LATER WHEN THE FBI

TEN MONTHS LATER WHEN THE FBI KNOCKED ON HIS DOOR, HE

KNOCKED ON HIS DOOR, HE PROCEEDED TO LIE TO FEDERAL

PROCEEDED TO LIE TO FEDERAL AGENTS.

AGENTS. THEY ALSO DON'T WANT THERE TO

THEY ALSO DON'T WANT THERE TO SEEM LIKE THERE'S TWO JUSTICE

SEEM LIKE THERE'S TWO JUSTICE SYSTEMS, PARTICULARLY FOR

SYSTEMS, PARTICULARLY FOR SOMEBODY WHO THEY KEPT REPEATING

SOMEBODY WHO THEY KEPT REPEATING IS SOMEBODY WHO NOT ONLY BROKE

IS SOMEBODY WHO NOT ONLY BROKE THE LAW BUT HE WAS A PERSON WHO

THE LAW BUT HE WAS A PERSON WHO WROTE LAWS TO BEGIN WITH.

WROTE LAWS TO BEGIN WITH. SO REALLY SOMEBODY WHO -- WHO

SO REALLY SOMEBODY WHO -- WHO ABSOLUTELY SHOULD HAVE KNOWN

ABSOLUTELY SHOULD HAVE KNOWN BETTER.

BETTER. >> DO WE KNOW WHERE HE IS

>> DO WE KNOW WHERE HE IS HEADED?

HEADED? I KNOW HE HAS -- PENSACOLA.

I KNOW HE HAS -- PENSACOLA. HIS ATTORNEY SAID THAT'S WHERE

HIS ATTORNEY SAID THAT'S WHERE HE'D LIKE TO SERVE HIS TIME IF

HE'D LIKE TO SERVE HIS TIME IF HE COULD.

HE COULD. >> TODAY, THE JUDGE HANDED DOWN

>> TODAY, THE JUDGE HANDED DOWN THE SENTENCE.

THE SENTENCE. JUDGE BRODERICK TOLD THE COURT

JUDGE BRODERICK TOLD THE COURT ESSENTIALLY THEY HAD ASKED FOR

ESSENTIALLY THEY HAD ASKED FOR THIS PENSACOLA PRISON CAMP.

THIS PENSACOLA PRISON CAMP. NOT EXACTLY MAXIMUM-SECURITY

NOT EXACTLY MAXIMUM-SECURITY PRISON.

PRISON. SO -- SO BASICALLY, IT SOUNDS

SO -- SO BASICALLY, IT SOUNDS LIKE THE JUDGE IS GOING TO

LIKE THE JUDGE IS GOING TO ADVOCATE FOR HIM TO GO THERE.

ADVOCATE FOR HIM TO GO THERE. AND THAT'S WHERE HE'LL LIKELY

AND THAT'S WHERE HE'LL LIKELY SERVE HIS TIME.

SERVE HIS TIME. HE MOVED TO FLORIDA AFTER

HE MOVED TO FLORIDA AFTER LEAVING THE BUFFALO AREA.

LEAVING THE BUFFALO AREA. >> HE WAS ONE OF THE FIRST, IF

>> HE WAS ONE OF THE FIRST, IF NOT THE FIRST, TO ENDORSE DONALD

NOT THE FIRST, TO ENDORSE DONALD TRUMP WHEN HE WAS RUNNING FOR

TRUMP WHEN HE WAS RUNNING FOR PRESIDENT.

PRESIDENT. HOW DOES THE PRESIDENT WEIGH IN

HOW DOES THE PRESIDENT WEIGH IN ON THIS WHOLE PROCESS?

ON THIS WHOLE PROCESS? >> WE HAVEN'T REALLY HEARD MUCH

>> WE HAVEN'T REALLY HEARD MUCH FROM THE PRESIDENT AT ALL

FROM THE PRESIDENT AT ALL OUTSIDE WHEN HE WAS FIRST

OUTSIDE WHEN HE WAS FIRST INDICTED.

INDICTED. WE HAVEN'T HEARD ANYTHING

WE HAVEN'T HEARD ANYTHING RECENTLY.

RECENTLY. OUTSIDE OF COURT TODAY, I WAS

OUTSIDE OF COURT TODAY, I WAS THERE.

THERE. REPORTERS FROM BLOOMBERG ASKED

REPORTERS FROM BLOOMBERG ASKED HIM ARE YOU GOING TO SEEK A

HIM ARE YOU GOING TO SEEK A PARDON?

PARDON? HE KIND OF GAVE A QUICK

HE KIND OF GAVE A QUICK DISMISSAL, LOOKED TO THE GROUP

DISMISSAL, LOOKED TO THE GROUP OF US THAT WERE THERE.

OF US THAT WERE THERE. SO WE REALLY HAVEN'T HEARD MUCH

SO WE REALLY HAVEN'T HEARD MUCH FROM THE PRESIDENT AT ALL.

FROM THE PRESIDENT AT ALL. THE EVIDENCE HERE WAS INCREDIBLY

THE EVIDENCE HERE WAS INCREDIBLY STRONG.

STRONG. THERE WERE PEOPLE THAT HAD

THERE WERE PEOPLE THAT HAD PROVIDED INFORMATION AND JUST

PROVIDED INFORMATION AND JUST THE ELECTRONIC TRADING RECORDS

THE ELECTRONIC TRADING RECORDS IN AND OF ITSELF IS SO DAMNING.

IN AND OF ITSELF IS SO DAMNING. THE RECORDS THAT ARE KEPT WHEN

THE RECORDS THAT ARE KEPT WHEN YOU MAKE A TRADE ONLINE, THE

YOU MAKE A TRADE ONLINE, THE AMOUNT OF DETAIL IN THOSE

AMOUNT OF DETAIL IN THOSE RECORDS IS VERY STRONG.

RECORDS IS VERY STRONG. BUT WHEN YOU MAKE A TRADE IN A

BUT WHEN YOU MAKE A TRADE IN A STOCK AS THERAPEUTICS WAS, IT

STOCK AS THERAPEUTICS WAS, IT JUST STICKS OUT LIKE SUCH A SORE

JUST STICKS OUT LIKE SUCH A SORE THUMB TO INVESTIGATORS.

THUMB TO INVESTIGATORS. IT WAS REALLY NO WAY OUT OF THIS

IT WAS REALLY NO WAY OUT OF THIS FOR COLLINS.

FOR COLLINS. >> LAST QUESTION HERE QUICKLY.

>> LAST QUESTION HERE QUICKLY. I WAS READING FROM THE

I WAS READING FROM THE SENTENCING TODAY, THE U.S.

SENTENCING TODAY, THE U.S. ATTORNEY COMMENTED ON THIS AS

ATTORNEY COMMENTED ON THIS AS WELL.

WELL. JUST PARAPHRASE WHAT HE HAD TO

JUST PARAPHRASE WHAT HE HAD TO SAY.

SAY. >> BASICALLY, I THINK THIS

>> BASICALLY, I THINK THIS REALLY UPSETS THE U.S.

REALLY UPSETS THE U.S. ATTORNEY'S OFFICE AND UPSET THE

ATTORNEY'S OFFICE AND UPSET THE FEDERAL AGENTS.

FEDERAL AGENTS. I MEAN, NOT ONLY DID HE LIE TO

I MEAN, NOT ONLY DID HE LIE TO THE FBI WHEN HE WAS CONFRONTED

THE FBI WHEN HE WAS CONFRONTED ABOUT IT, AS WE JUST DISCUSSED.

ABOUT IT, AS WE JUST DISCUSSED. BUT THE U.S. ATTORNEY'S OFFICE

BUT THE U.S. ATTORNEY'S OFFICE ESSENTIALLY SAYING, LOOK, WE

ESSENTIALLY SAYING, LOOK, WE HAVE SOMEBODY WHO IS CHARGED

HAVE SOMEBODY WHO IS CHARGED WITH -- THEY ARE REALLY HELD TO

WITH -- THEY ARE REALLY HELD TO A DIFFERENT STANDARD AND THEY

A DIFFERENT STANDARD AND THEY MUST OBEY THOSE LAWS.

MUST OBEY THOSE LAWS. AND ESSENTIALLY, WAS THIS HUBRIS

AND ESSENTIALLY, WAS THIS HUBRIS THAT U.S. ATTORNEY JEFF BERMAN

THAT U.S. ATTORNEY JEFF BERMAN REALLY KIND OF WENT AFTER HERE

REALLY KIND OF WENT AFTER HERE AND SAID, LOOK.

AND SAID, LOOK. PEOPLE NEED TO KNOW THAT NOBODY

PEOPLE NEED TO KNOW THAT NOBODY IS ABOVE THE LAW.

IS ABOVE THE LAW. THAT'S KIND OF HIS MAIN POINT

THAT'S KIND OF HIS MAIN POINT HERE.

HERE. AND THAT WAS THE CONGRESSMAN'S

AND THAT WAS THE CONGRESSMAN'S GREED, THAT WOULD BE USING HIS

GREED, THAT WOULD BE USING HIS WORDS, THAT REALLY GOT HIM INTO

WORDS, THAT REALLY GOT HIM INTO TROUBLE HERE.

TROUBLE HERE. SO I THINK THESE TYPE OF CASES,

SO I THINK THESE TYPE OF CASES, WHEN POLITICIANS BREAK THE LAW

WHEN POLITICIANS BREAK THE LAW THIS BRAZENLY, AND IT WAS

THIS BRAZENLY, AND IT WAS BRAZEN, THAT REALLY GETS UNDER

BRAZEN, THAT REALLY GETS UNDER THE SKIN OF PEOPLE IN LAW

THE SKIN OF PEOPLE IN LAW ENFORCEMENT.

ENFORCEMENT. THEY REALLY LOOK -- LOOK DOWN ON