Girlfriend of Rep. Collins' son forfeits $42,000 to avoid insider trading charges
NEW YORK (WHAM) - The girlfriend of Cameron Collins, son of Congressman Chris Collins, and her mother agreed to forfeit more than $42,000 in ill-gotten financial gains from alleged insider trading, federal court documents show.
Federal court documents filed Tuesday show Lauren and Dorothy Zarsky agreed to pay a combined $42,040 to the Securities and Exchange Commission to avoid any federal charges related to Collins' insider trading accusations. Lauren was ordered to pay back $19,440, while Dorothy was ordered to pay back $22,600. Both were also ordered to pay civil penalties and interest in addition to the original fines.
Lauren Zarsky was dating Cameron Collins, son of the western New York Congressman.
The Republican representative for New York's 27th District was charged earlier this month with federal insider trading and lying to the FBI, along with his son and members of his son's girlfriend's family.
Collins ended his re-election campaign on Saturday, saying it is "in the best interests of the consitutents of NY-27, the Republican Party and President Trump's agenda." He added that he would continue to fight the "meritless charges" against him.
At least eight Republicans have expressed interest in running against Democrat Nate McMurray if Collins gives up his seat for the November general election.