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‘Stunning — the hubris!’ MSNBC’s Ruhle roasts Chris Collins for not covering his tracks in alleged fraud

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MSNBC’s Stephanie Ruhle on Wednesday mocked Rep. Chris Collins (R-NY) for not even bothering to try to cover his tracks in his alleged scheme to commit securities fraud.

During a discussion on Collins’ arrest this week for alleged insider trading, CNBC Washington correspondent Eamon Javers pointed out to Ruhle that the GOP lawmaker was remarkably slipshod in the way that he allegedly alerted his son with inside information about Australian biotech firm Innate Immunotherapeutics, which in 2017 had failed a key drug trial that would sent its share values plummeting.

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“What’s striking to me is just how sloppy some of this allegedly was,” Javers said. “In these insider trading cases… you often see people go to extreme lengths to hide their trail. They use burner phones, they have surreptitious meetings, they use middle men as cut outs. This indictment alleges that Collins got an email directly from the company about the failure of its major drug — its only significant drug — while he was at the White House congressional picnic, and then minutes later called his own son on his own phone.”

“That’s what’s so stunning to me!” Ruhle responded. “The hubris! He calls him six times! You don’t call somebody six times unless the house is on fire or you’re trying to save him a million bucks on insider information!”

Watch the video below.

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news outlets, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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