News » Politics

Doug Lamborn invested in a company tied to insider trading scandal involving Rep. Chris Collins


  • File photo

Rep. Doug Lamborn was one of five Republican congressmen who invested in Innate Immunotherapeutics Limited, a biotechnology company connected with an insider trading scandal involving GOP Rep. Chris Collins.

The Associated Press reports Collins — who sat on Innate's board and was its largest shareholder — was arrested Aug. 8 on charges of feeding inside information about the company to his son and other confidants, saving them hundreds of thousands in losses when Innate's stock took a dive.

Lamborn hasn't been accused of wrongdoing, and doesn't appear to be involved. But he did invest $15,000 to $50,000 in January 2017, the AP reports, and sold his shares for less than $1,000 earlier this year.

Add a comment

Clicky Quantcast