Rep. Chris Collins (R-N.Y.) has boasted about how much money heâ€™s made for other members of Congress by tipping them off to an Australia-based pharmaceutical company in which he is the largest stockholder, two GOP lawmakers told The Hill.
Collins, President Trumpâ€™s chief defender and unofficial spokesman on Capitol Hill, told a group of House GOP colleagues over dinner earlier this year that he had urged colleagues to invest in Innate Immunotherapeutics and made them plenty of money in the process, said one GOP lawmaker who was present for the conversation.
â€śHe said that heâ€™s made members money,â€ť the GOP lawmaker told The Hill.
â€śMembers of Congress?â€ť a reporter asked.
â€śYeah, on his stock tip,â€ť the lawmaker replied.
â€śIf you get in early, youâ€™ll make a big profit,â€ť Collins reportedly told another group of House Republicans last summer, according to a second GOP lawmaker who was part of the same 2012 class as Collins.
Asked if he ever heard Collins brag about making colleagues money, the second lawmaker replied: â€śIâ€™ve heard those kinds of phrases.â€ť
Collins had already won negative headlines after reporters in January overheard him bragging about â€śhow many millionaires Iâ€™ve made in Buffalo the past few months.â€ť
The Buffalo News reported that many in the cityâ€™s business elite had bought stock in the drug company after hearing from Collins.
Now the focus is shifting to Collinsâ€™s conversations with colleagues on Capitol Hill.
The dinner discussion on Capitol Hill wasnâ€™t the only time Collins brought up the Australian company in Washington.
Half a dozen Republican lawmakers interviewed for this story said they have heard Collins talking up Innate Immunotherapeutics at official meetings and in informal settings on the Hill.http://thehill.com/homenews/house/336842-exclusive-gop-lawmaker-talked-stocks-with-colleagues