American Bridge is calling on Elise Stefanik to part with the thousands of dollars given to her campaign by the political action committee of Congressman Chris Collins, who was arrested and charged with insider trading this week by the U.S. Attorney for the Southern District of New York.
Since 2013, Stefanik has accepted a total of $3,000 from Collins’s committee, the Congressional House Republican in Service PAC.
“Chris Collins epitomizes the Republican culture of corruption in Washington and Elise Stefanik should have returned this dirty money on Wednesday,” said American Bridge spokesperson Andrew Bates. “Stefanik has used her office to back policies that help the wealthy at everyone else’s expense, and campaigning on that kind of record with money from an accused felon is unconscionable.”
Collins, a board member of Innate Immunotherapeutics Limited, is alleged to have illegally arranged for his stock in the company to be dumped upon learning that the chief drug it was developing had proven to be a failure in trials. After making his substantial investment, Collins also introduced 4 bills that would have benefited Innate Immunotherapeutics.
5 other Republican members of Congress invested in Innate Immunotherapeutics – one of whom, Billy Long (MO-7), also took legislative steps that would have paid off for the company.