securities fraud

3 Eye-Popping Details in the Chris Collins Case Documents
Bad news at the White House, in-law joint indictments and prior knowledge

The events leading to Rep. Chris Collins, R-N.Y., arrest are eye-catching. (Bill Clark/CQ Roll Call)

New York Republican Rep. Chris Collins was arrested Wednesday on charges including insider trading and lying to authorities. The indictment documents and related complaint from the Securities and Exchange Commission illuminate a wild chain of events that led to the arrest.

Here are three of the most eye-popping details from the documents:

Speaker Ryan Strips Chris Collins of Committee Membership
Leadership move is not uncommon against scandal-plagued members

Rep. Chris Collins, R-N.Y., who was indicted Monday on securities fraud charges, attends a House Energy and Commerce Committee markup in Rayburn Building on June 28, 2017. (Photo By Tom Williams/CQ Roll Call file photo)

Speaker Paul D. Ryan has removed Rep. Chris Collins from the House Energy and Commerce Committee, following Collins indictment Wednesday on charges of insider trading and lying to authorities.

“Insider trading is a clear violation of the public trust. Until this matter is settled, Rep. Collins will no longer be serving on the House Energy and Commerce Committee,” Ryan said in a statement.