dagblog - Comments for "New York Congressman Chris Collins Is Charged With Insider Trading"

Oh, is that anything like

PeraclesPlease — Thu, 09 Aug 2018 10:10:18 +0000

In reply to Rep Collins was indicted for

Oh, is that anything like Trump passing on info to his kids who are kind of official/not official advisors?
Or when they talk to their brokers late at night through one of those famous "back channels"?
Maybe Erik Prince handles those "She Sells Short Sells from the Seychelles" transactions to keep it all properly hush-hush and on the QT, like Wilbur Ross of all Cretans are liars fame?
So many Netflix episodes to come....

This is an unusual comment

artappraiser — Thu, 09 Aug 2018 06:50:38 +0000

In reply to New York Congressman Chris Collins Is Charged With Insider Trading

This is an unusual comment from a U.S. Attorney’s Office (and particularly this one, where I worked). Seems likely that they took this opportunity to direct this at the President and Michael Cohen. https://t.co/mI6Bvq0Lfm
— Daniel S. Goldman (@danielsgoldman) August 8, 2018

USA Berman: Representative Collins, who, by virtue of his office, helps write the laws of this country, allegedly acted as if the law did not apply to him
— US Attorney SDNY (@SDNYnews) August 8, 2018

Rep Collins was indicted for

artappraiser — Wed, 08 Aug 2018 18:40:08 +0000

In reply to New York Congressman Chris Collins Is Charged With Insider Trading

Rep Collins was indicted for passing inside information to his son to trade on. Reminder: under the misguided Newman decision, the case against Collins would have been difficult & perhaps impossible b/c he gifted the info to his son. Luckily SCOTUS overruled Newman 8-0 https://t.co/km7g0FRHDF
— Preet Bharara (@PreetBharara) August 8, 2018

One might speculate that a

PeraclesPlease — Wed, 08 Aug 2018 18:22:58 +0000

In reply to New York Congressman Chris Collins Is Charged With Insider Trading

One might speculate that a loy of The Donald's outrageous statements are tied to short sells followed by low floor buys. Wait for that to hit the news if they're tracing this seriously now (a lot more on the line than Martha's ill-advised $40k payday)

CNN legal analyst Paul Callan

artappraiser — Wed, 08 Aug 2018 17:19:56 +0000

In reply to New York Congressman Chris Collins Is Charged With Insider Trading

CNN legal analyst Paul Callan said Wednesday that Rep. Chris Collins (R-NY) could have committed the "dumbest insider trading crime" he's ever seen.

"It’s completely idiotic," Callan said on CNN....

from TheHill.com

Interesting that this op-ed

artappraiser — Wed, 08 Aug 2018 17:00:14 +0000

In reply to New York Congressman Chris Collins Is Charged With Insider Trading

Interesting that this op-ed was published this morning. In light of the Collins news, does it indicate that we are gonna see more prosecution of this stuff, cases having been prepared over the last year, a sort of "deep state" in the DOJ working on a new beat once Trump world took over?

Rampell: America swarming with Manaforts

By Charlotte Rampell for WaPo via HeraldTribune.com (so no paywall)

[....] Some of Manafort’s alleged crimes, as Trump loves to point out, are more than a decade old!

But the right question isn’t why Mueller is going after Manafort now. It is: Why didn’t someone go after Manafort before? After all, there were just So. Many. Red. Flags [....]

Federal prosecutions of white-collar crime — a category that includes tax, corporate, health-care or securities fraud, among other crimes — are on track this year to reach their lowest level on record, That’s according to data compiled by Syracuse University’s Transactional Records Access Clearinghouse (TRAC), whose data go back to 1986. Prosecutions of crimes related to public corruption are also on pace to set a record low. [....]

Some argue that big corporations and the wealthy have become too politically influential. Jesse Eisinger, in his excellent book “The Chickenshit Club: Why the Justice Department Fails to Prosecute Executives,” blames a culture of risk aversion in the ranks of the Justice Department. Eric H. Holder Jr., an attorney general under Obama, once suggested that corporate consolidation left some firms too big to jail.

But undoubtedly part of the issue is resources.

After 9/11, for instance, terrorism investigations became more of a priority, crowding out available dollars and personnel for white-collar investigations.

Congress’ draconian budget cuts for the Internal Revenue Service, likewise, caused audit rates to plummet. According to TRAC data, criminal prosecutions referred by the IRS to the Justice Department are about half their level from just five years ago and are poised to dip to a new low this year.

Astonishingly, this decline in enforcement is now being cited as evidence of innocence [....]