Name: 前眾議員克里斯-柯林斯被判入獄｜NBC新聞網 (Former Rep. Chris Collins Sentenced To Prison | NBC News NOW)
Uploaded: 2021-01-14T08:41:12.000Z
Duration: 4 min 51 s
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JUST CREEP INTO IOWA BUT CREEP IN THROUGH NEW HAMPSHIRE PRIMARY

IN THROUGH NEW HAMPSHIRE PRIMARY AS WELL.

>> 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.

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

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

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

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

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.

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.

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

HOW IN LINE IS IT WITH WHAT PROSECUTORS WANTED?

PROSECUTORS WANTED? >> KIND OF SPLIT THE MIDDLE

BASICALLY, PROSECUTORS WANTED ALMOST FIVE YEARS FOR WHAT HE

THEY ASKED FOR THE UPPER END OF THE GUIDELINE RATE.

THE GUIDELINE RATE. SO CERTAINLY NORTH OF FOUR

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

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

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

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前眾議員克里斯-柯林斯被判入獄｜NBC新聞網 (Former Rep. Chris Collins Sentenced To Prison | NBC News NOW)

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