Trump’s Commerce Secretary Accused of Embezzling $120M; GOP Congressman Arrested for Insider Trading

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MarketWatch: “Commerce Secretary Wilbur Ross could rank ‘among the biggest grifters in American history,’ according to a Forbes report that details claims he wrongly siphoned or “’outright stole’ millions of dollars from former business associates.

The magazine spoke with 21 people who know Ross, who formerly headed private-equity company WL Ross & Co. All told, Forbes said, the allegations come to more than $120 million in aggregate value.”

CNN: “Federal prosecutors on Wednesday charged New York Republican Rep. Chris Collins, his son and another man with 13 counts of securities fraud, wire fraud and false statements stemming from an alleged insider trading scheme centered on an Australian pharmaceutical company.

Collins, who was the first sitting member of Congress to endorse Donald Trump’s presidential bid, surrendered Wednesday morning at his attorney’s office in Manhattan, according to the FBI.”

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