Chris Collins was elected to four terms in Congress, but this week resigned, and then admitted his guilt in an insider trading case. An upcoming pre-sentencing investigation will determine just how drastically his life could change moving forward.
Sentencing guidelines call for Collins to receive about four years in prison, but the judge has discretion to hand the now-convicted felon whatever sentence he feels appropriate. The maximum sentence for each of the two counts Collins pleaded guilty to is five years apiece.
Judge Vernon Broderick is currently waiting for federal probation officers to complete a pre-sentencing investigation into Collins. They have time, as his sentencing is scheduled for Jan. 17, 2020.
Collins through letters sent to New York’s governor and House of Representatives leadership made clear on Monday his intent to resign as representative of New York’s 27th Congressional District. With a homebase of Clarence, Collins won four terms to Congress as a Republican and before that, was the Erie County Executive following a business career.