Former Rep. Chris Collins of New York was sentenced to 26 months in prison after pleading guilty to federal charges in an insider trading case
The sentence from Judge Vernon Broderick in a New York federal court comes after Collins pleaded guilty to conspiracy to commit securities fraud and making false statements in October. Federal prosecutors on Monday recommended that Collins be sentenced to nearly five years in prison."You had a duty and you betrayed that duty," Broderick said, additionally slapping Collins with a $200,000 fine and a year of supervised probation upon his release.
""Lawmakers bear the profound privilege and responsibility of writing and passing laws, but equally as important, the absolute obligation of following them," Berman added."Collins's hubris is a stark reminder that the people of New York can and should demand more from their elected officials, and that no matter how powerful, no lawmaker is above the law.
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