The girlfriend-turned-fiancee of Rep. Chris Collins' son and her mother both settled insider trading charges with the Securities and Exchange Commission, as part of its case against the congressman, his son, Cameron Collins and their friend Stephen Zarsky, the SEC revealed in a statement Wednesday.
Lauren Zarsky, identified by the SEC as Cameron Collins' fiancee and a CPA, and her mother, Dorothy Zarsky, "consented to the entry of final judgments without admitting or denying the charges that they sold their shares of Innate based on tips they received from Cameron Collins."
In the agreement, Lauren Zarsky agreed to "disgorge her ill-gotten gains of $19,440, plus prejudgment interest of $839, and pay a civil penalty of $19,440," the statement said. She also agreed to be suspended from appearing or practicing before the SEC as an accountant. She can reapply for reinstatement after five years, the SEC said.
"Dorothy Zarsky agreed to disgorge her ill-gotten gains of $22,600, plus prejudgment interest of $975, and pay a civil penalty of $22,600."
The two women appear to be the same people mentioned as co-conspirators in an indictment unsealed Wednesday against Chris Collins, Cameron Collins and Stephen Zarsky alleging they were involved in insider trading mentions. The indictment references Cameron Collins' fiancee (who is described as also being Stephen Zarsky's daughter) and Zarsky's wife.
The SEC also has filed civil charges against Chris and Cameron Collins and Stephen Zarsky related to the insider trading allegations.
SEC vs. Lauren Zarsky:
SEC vs. Dorothy Zarsky: