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Cameron Collins and his girlfriend’s father, Stephen Zarsky, are charged with trading and tipping others on the basis of the material, nonpublic information.
These trades allowed Chris Collins, 68; Cameron Collins, 25; and Zarsky, 64, along with six other conspirators not named in the indictment, to avoid more than $768,000 in losses, the indictment says.
Cameron Collins, son of former Rep. Chris Collins, leaves federal district court in Manhattan Thursday with his mother, Mary, after being sentenced to five years' probation for an insider trading ...
Prosecutors said Cameron Collins, 27, deserves a prison sentence within the range set for his offenses under federal sentencing guidelines. That would be a sentence of between 37 and 46 months.
Prosecutors said Collins then immediately tried calling his son, Cameron, now 25. The two exchanged six missed calls over five minutes before Collins connected with his son at 7:16 p.m.
Cameron Collins and Zarsky, who also were indicted, each pleaded guilty to one count of conspiracy to commit securities fraud and both are to be sentenced next week.
Prosecutors say Cameron Collins, 26, saved himself from about $570,900 in losses. Prosecutors also say Cameron Collins then passed the bad news on to Stephen Zarsky, his prospective father-in-law ...
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