Former GOP Rep. Chris Collins was sentenced on Friday to two years in federal prison on charges of insider trading and lying to the FBI, reports NBC News.
Collins, who was a New York representative since 2013 and was the first member of Congress to endorse President Trump's candidacy, pleaded guilty to tipping off his son to confidential information regarding an Australian biotechnology company, which allowed them to make illegal stock trades avoiding more than $700,000 in losses.
At his sentencing, Collins tearfully apologized, reports The Washington Post. "I stand here today a disgraced former congressman," he said. "I cannot face my constituents. What I have done has marked me for life." The 26-month sentence will begin on March 17, and will likely be served at a federal prison camp in Pensacola, Florida.
Indicted Rep. Chris Collins (R-N.Y.) is bringing in ex-White House strategist Stephen Bannon to help him stave off what could be a narrow loss this fall. In other words, his campaign isn't looking so good.
Since the congressman was indicted on insider trading charges in August, his formerly massive lead has nearly slipped to Democratic challenger Nate McMurray. His fundraising totals crumbled during the third quarter. And on Wednesday, the Democratic Congressional Campaign Committee officially made the GOP-held district a top priority.
Collins, who was Trump's first public supporter in Congress, originally planned to suspend his campaign after being hit with criminal charges. The western New York Republican surprisingly revived his campaign in September, but his supporters didn't seem to get the message. Federal Election Commission filings released this week reveal Collins took in just $33,000 in the most recent fundraising quarter — a third of what he received in the quarter before that. Just about $750 of those dollars came from Collins' actual constituents.
In another blow, a Siena College/Spectrum News poll released Tuesday placed Collins a mere three points ahead of McMurray, well within the poll's 4.7 percent margin of error. The news led the DCCC to put New York's 27th Congressional District on its "Red to Blue" list on Wednesday, The Buffalo News reports. That likely means DCCC funding is headed McMurray's way.
Collins still has about $1 million to last the rest of the race, while McMurray has a little less than half that, per FEC filings. Collins also has Bannon slated to rally for him — and every other New York Republican — at a small-town fire hall in his district later this month. Kathryn Krawczyk