Former US Rep. Chris Collins sentenced to 26 months for insider trading News
Former US Rep. Chris Collins sentenced to 26 months for insider trading

A federal judge in the Southern District of New York on Friday sentenced former New York Republican Congressman Chris Collins to 26 months in federal prison for insider trading and helping his son and others evade nearly $1 million in stock losses. He was also convicted of making false statements to the FBI.

Collins resigned from his position as a Representative for New York’s 27th district in October. The next day, he pleaded guilty to the conspiracy and false statements charges. Collins was convicted of insider trading while a board member and 16.8 percent stakeholder of Innate Immunotherapeutics, an Australian biotech company.

The US Attorney’s Office for the Southern District of New York charged Collins in August 2018. The office sought up to five years in prison in sentencing. In addition to the prison term, Collins was sentenced to one year of supervised release and ordered to pay a fine of $200,000.

Collins’ son Cameron was also convicted as a part of the insider trading scheme and will be sentenced next week.

THIS DAY @ LAW

US Supreme Court ruled Indians not US citizens

On November 3, 1884, the US Supreme Court ruled in Elk v. Wilkins that John Elk, an American Indian who had tried to vote in a federal election in Omaha, Nebraska, was not a US citizen entitled to the protection of the 14th and 15th Amendments of the US Constitution. Native Americans became eligible for citizenship in 1887 under the Dawes Act, but only in 1924, under the Indian Citizenship Act, were all Native Americans born in the US made citizens.

Last public execution at Tyburn Gallows in London

On November 3, 1783, the last public execution took place at Tyburn Gallows in London, when John Austin was hanged for highway robbery. From the hanging of William Fitz Osburn in 1196 until Austin's execution, Tyburn served as London's primary location for public executions.

Learn more about the trial of John Austin.