NEW YORK — Prosecutors are recommending a prison term of 37 to 46 months behind bars for the son of former Congressman Chris Collins.
Cameron Collins pleaded guilty last October to one count of conspiracy to commit securities fraud. Under his plea agreement, Cameron Collins could face 37 to 46 months in prison.
His father, Chris Collins, pleaded guilty to conspiracy to commit securities fraud and one count of making a false statement. Chris Collins was accused of illegally leaking confidential information about a biopharmaceutical company to his son Cameron and Stephen Zarsky, the father of his son's fiancée.
Chris Collins' was sentenced to 26 months in prison.
"Over a few days in late June 2017, I agreed with others including my father to engage in a scheme to commit securities fraud," Cameron Collins said.
Later, he added: "I sold stock to avoid losses. I knew what I was doing was illegal."
You can read the prosecutor's full letter here.