How Red is #NY27? Indicted Republican incumbent Chris Collins just declared victory

Le·gal In·sur·rec·tion | 11/20/2018 | William A. Jacobson
Kezzerxx (Posted by) Level 3
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New York’s 27th congressional district, in the far western part of the state, is red.

How red? R+11.

Republican - Chris - Collins - % - Vote

In 2016, Republican Chris Collins won with 67% of the vote. Just like in 2014.

Trump won the district with almost 60% of the vote.

Collins - Insider - Trading - August

Collins was indicted for insider trading in early August 2018:

Federal prosecutors announced an indictment (pdf.) against Rep. Christopher Collins (R-NY) on insider trading charges and lying to the FBI along with his son Cameron Collins and Stephen Zarsky, the father of Cameron’s fiancee.

Charges - Securities - Biotechnology - Company - Innate

The charges stem from the “securities of Australian biotechnology company called Innate Immunotherapeutics, where the congressman served on the board.”

The indictment says that “Innate’s primary business was the research and development of a drug called MIS416, which was intended to treat Secondary Progressive Multiple Sclerosis.” The company completed the drug trial in June 2017. The drug gave the company hopes of a massive profit since the market has “few or new alternative treatments” for the disease.

Drug - Drug - Trial - Innate - Stock

The drug failed the drug trial and Innate’s stock price dropped 92% after the public announcement.

The three men had access to nonpublic information and allegedly used that to their advantage:

June - CHRISTOPHER - COLLINS - Defendant - Duties

In or about June 2017, CHRISTOPHER COLLINS, the defendant, violated the duties he owed to Innate by passing material, nonpublic information regarding the Drug Trial results to his son, CAMERON COLLINS, the defendant so that CAMERON COLLINS could use that information to make timely trades in Innate stock and tip others. CAMERON COLLINS traded on the inside information and passed it to STEPHEN ZARSKY.

Collins suspended his campaign in light of the indictment.

Candidates

Any of the several possible Republican candidates would have won easily.

Then Collins reversed course and decided to keep running.

Vote - Today - Ballots

The vote was very close. So close that even as of today absentee ballots were being counted.

Collins just declared victory:

US - Rep - Chris - Collins

Indicted Republican U.S. Rep. Chris Collins declared...
(Excerpt) Read more at: Le·gal In·sur·rec·tion
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