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REVEALED: GOP congressman Chris Collins allegedly committed securities fraud while he was at Trump’s White House

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Rep. Chris Collins (R-NY), the Trump-loving lawmaker who was arrested on Wednesday on insider trading charges, was allegedly at the White House when he broke the law.

According to the indictment leveled against Collins, the Republican lawmaker was attending the annual Congressional Picnic at the White House when he received an email from the chief executive of Australian biotech firm Innate Immunotherapeutics that informed him that the company had just suffered a massive drug trial failure.

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Specifically, the email informed Collins that “top-line 12-month data… show no clinically meaningful or statistically significant differences in [outcomes] between [Innate’s experimental drug] and placebo… no doubt we will want to consider this extremely bad news.”

The indictment claims that, after receiving this email, Collins then called his son, Cameron Collins, to inform him of the drug’s failure — despite “knowing that it was in breach of his duties to Innate.”

According to prosecutors, Collins made the call to his son to get him to dump shares of the stock so that they wouldn’t have to take a massive financial hit when news of the drug’s failure broke.

“The following morning… Cameron Collins placed an online order with his brokerage firm to sell approximately 16,508 shares of Innate on the U.S. OTC market,” the indictment alleges. “This order was executed… when the U.S. OTC market opened.”

Collins is one of six Republicans connected to the insider trading scandal.

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WATCH: Saturday Night Live airs Christmas special — that’s just one giant dig at the Electoral College

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NBC's "Saturday Night Live" aired an opening skit that was just one giant attack on the electoral college.

A snowman introduced the segment, saying that we could look in on the holiday table conversation thanks to hacked Nest cams.

The skit featured a house in San Francisco, California, a second in Charleston, South Carolina and a third in Atlanta, Georgia.

Each dinner table debated impeachment, and the differences between President Donald Trump and his predecessor, President Barack Obama.

But then the snowman said that none of their votes matter.

"They'll debate the issues all year long, but then it all comes down to 1,000 people in Wisconsin who won't even think about the election until the morning of," the snowman said. "And that's the magic of the Electoral College."

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Georgia mayor being recalled for racism resigns from office: report

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Hoschton Mayor Theresa Kenerly resigned in a special city council meeting held on Saturday, the Atlanta Journal Constitution reported Saturday.

"The resignation came just days after Councilman Jim Cleveland resigned saying he‘d rather leave office on his own terms than face voters in a recall election next month," the newspaper reported. "Both resignations follow an AJC investigation launched seven months ago into claims that an African American candidate for city administrator was sidetracked by Mayor Theresa Kenerly because of his race."

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Nine 2020 Democrats unite to demand DNC Chair Tom Perez scrap debate rules: report

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The Democratic National Committee is facing a revolt for the party's 2020 presidential candidates for its restrictive debate rules.

"Nine Democratic presidential candidates, including the party's front-runners, are urging the Democratic National Committee to toss out the current polling and fundraising rules used to determine who appears in televised debates and reopen the exchanges to better reflect the historic diversity of the current field. The candidates say the rules exclude diverse candidates in the field from participating," CBS News reported Saturday evening.

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