Indictments Taking Toll in Mike Ramone Style Insider Trading Case

Filed in National by on October 23, 2018

Just like Mike Ramone, NY Rep. Chris Collins used privileged information to net a windfall. Unlike Ramone, Collins lives in a state where financial crimes are prosecuted. As a result, donations to Collins reelection campaign have dropped off a cliff.

Since Rep. Chris Collins (R-N.Y.) was indicted on insider trading charges in August, donations to his reelection campaign have plummeted, according to his latest quarterly filing to the Federal Election Commission this month.

The National Republican Congressional Committee cut him off, resulting in a 71 percent drop-off in donations from July.

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Jason330 is a deep cover double agent working for the GOP. Don't tell anybody.

Comments (8)

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  1. puck says:
    October 24, 2018 at 6:32 am

    Did Collins also use his legislative influence to get his opponent fired from her job, like Dirty Mike Ramone did?

  2. jason330 says:
    October 24, 2018 at 7:45 am

    “Abuse of Office” is a crime in Delaware and New York, so if Collins had used his legislative influence to get his opponent fired he’d probably be prosecuted for that too.

    Here in Delaware …*crickets*

    TITLE 11
    CHAPTER 5. SPECIFIC OFFENSES
    Crimes and Criminal Procedure
    Delaware Criminal Code
    Subchapter VI. Offenses Against Public Administration

    B.Abuse of Office
    § 1211 Official misconduct; class A misdemeanor.

    A public servant is guilty of official misconduct when, intending to obtain a personal benefit or to cause harm to another person:

    (3) The public servant performs official functions in a way intended to benefit the public servant’s own property or financial interests under circumstances in which the public servant’s actions would not have been reasonably justified in consideration of the factors which ought to have been taken into account in performing official functions.

    § 1212 Profiteering; class A misdemeanor.

    A public servant is guilty of profiteering when, in contemplation of official action by the public servant or by a governmental entity with which the public servant is associated, or in reliance on information to which the public servant has access in an official capacity and which has not been made public:

    (1) The public servant acquires a pecuniary interest in any property, transaction or enterprise which may be affected by the official action or information; or

  3. puck says:
    October 24, 2018 at 8:04 am

    The fix is in; Ramone is under the protection of House leadership. Chamber-friendly top Democrats prefer Ramone to a Democrat.

    For better or worse, there is a high bar for criminal prosecution. but Ramone’s malfeasance could be acted on by the House Ethics Committee. From Delaware Code:

    Each Ethics Committee may, upon the request of a member, provide a written advisory opinion as to the application of this chapter to a particular situation.

    Members of the Ethics Committee are:

    Chair: Valerie Longhurst
    Vice-Chair: John J. Viola
    Members: Peter C. Schwartzkopf, Daniel B. Short, Deborah Hudson

    Individual legislators should be calling for an ethics investigation.

  4. bamboozer says:
    October 24, 2018 at 8:09 am

    Delaware is an openly corrupt state, as noted white collar crime and political shenanigans are not prosecuted here. Growing up on Long Island I’ve made lots of fun of New Jersey but I give them this: They jail crooked politicians by the score, we send them back to office.

  5. John Berryhill says:
    October 24, 2018 at 9:11 am

    These Trump-loving Republicans like Mike Ramone sure are fond of wanting to lock people up, though.

  6. Nancy Willing says:
    October 24, 2018 at 10:41 am

    Another local GOPer – Bob Weiner – has a lapse of ethics to put it mildly. I hope you all spread the word.

    https://delawareway.blogspot.com/2018/10/note-to-public-bob-weiner-is.html

  7. mouse says:
    October 25, 2018 at 10:10 am

    Delaware, first in protecting corporate crooks

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