New York Rep. Chris Collins is reportedly resigning ahead of his expected guilty plea on charges of insider trading.
Collins is expected to appear at a “change of plea” hearing Tuesday in a Manhattan courtroom Tuesday afternoon. He originally pleaded not guilty to insider trading and several other charges when he was first indicted in 2018.
Collins, 68, was charged with insider trading in August of 2018 along with his son, Cameron, and Stephen Zarsky, the father of Cameron’s fiancée. The men are also charged with lying to the FBI to cover up the alleged scheme to profit off insider knowledge about a company called Innate Immunotherapeutics.