Trump’s first congressional supporter charged with securities fraud and lying to federal agents

Donald Trump’s earliest congressional supporter, Rep. Chris Collins (R-NY), was arrested on Wednesday by the FBI and charged with securities fraud, wire fraud, and making false statements to investigators.

According to an indictment filed with the U.S. District Court for the Southern District of New York, Collins engaged in insider trading of shares for a company called Innate Immunotherapeutics Limited (“Innate”) that trades on the Australian Securities Exchange. ...