»

Why were charges dropped against Rep. Collins?

One year ago, Congressman Chris Collins was swarmed by cameras and reporters as he walked out of the federal court building in Manhattan.

He had just been indicted on insider trading. Now, the U.S. Attorney’s Office in New York City dropped some of the charges against him.

Rep. Collins started the week facing nine counts. He’s down to six. And News10NBC worked to understand what this means.

Congressman Collins is accused of tipping off family members to sell stock in a drug company before the stock tanked. Collins was on the company’s board of directors. The feds say by tipping off his friends and family and selling stock when they did, Rep. Collins saved them three-quarters of a million dollars.

Read more from WHEC-TV

Also on FingerLakes1.com