Republican Congressman Promised To Make Colleagues Rich With Health Stock Tip
Republican Congressman Chris Collins told fellow Republicans that they could get rich by purchasing stock in an Australian pharmaceutical company that he is heavily invested in.
Collins owns 18.5 percent of the Innate Immunotheraputics and so are five other Republican members of Congress including now Secretary of Health and Human Services Tom Price.
According to a report in The Hill, Collins told his Republican colleagues, “If you get in early, you’ll make a big profit.”
“He said that he’s made members money on his stock tip,” according to a lawmaker who spoke with The Hill.
The congressman also told The Hill, “Yeah, on his stock tip.”
“If you get in early, you’ll make a big profit.”
Congressman Collins is currently under an ethics investigation for recruiting investors for the Austrailian company.
It was previously revealed that Collins after purchasing stock in Innate Immunotheraputics, pushed a piece of legislation that would benefit the company.
Additionally, Collins did not disclose that he participated in the company’s initial public offering.
Read the full report here.
[image via screengrab]
