The Hill reports that Buffalo Congressman Chris Collins told colleagues to buy stock in a biotech company where he’s on the board. He also reportedly has brought the company up in official business.
“If you get in early, you’ll make a big profit,” Collins reportedly told another group of House Republicans last summer, according to a second GOP lawmaker who was part of the same 2012 class as Collins.
Half a dozen Republican lawmakers interviewed for this story said they have heard Collins talking up Innate Immunotherapeutics at official meetings and in informal settings on the Hill.
A third House GOP lawmaker told The Hill that Collins personally pitched him on buying Innate stock, though the lawmaker didn’t take his advice.
Collins, one of President Trump’s closest allies in Congress, is currently under investigation for trading off inside information in connection with this same company.
He also memorably told CNN he didn’t know how Trumpcare would affect New York, though the American Healthcare Act could make him millions thanks to his biotech investment. No wonder Gov. Cuomo listed Collins as one of his targets.