New York Rep. Chris Collins resigns: Everything we know about insider trading scandal and what happens next

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New York Rep. Chris Collins resigns: Everything we know about insider trading scandal and what happens next
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Federal prosecutors have accused Collins of passing along sensitive information to family members while he sat on the board of Australian-based Innate Immunotherapeutics.

A new court filing in the case lists a scheduled hearing for Collins to change his plea, supposedly from innocent to guilty, on Tuesday, while his co-defendants are scheduled to change theirs on Thursday. In the past year, Collins and his co-defendants pleaded not guilty on two occasions: once last summer and once again earlier this month, according to reporting by CNN.

It's not yet clear if Collins and company will confess to all the charges originally laid out in the indictment last summer -- which included securities and wire fraud, conspiracy and lying to the FBI -- or whether some have been revised or dropped. Details of pending plea deals are not yet available.

Collins, 69, was the first sitting member of Congress to endorse President Donald Trump in 2016. Last week, he took to Twitter to bash Democrats for ongoing impeachment investigations against the president. "Channeling the great Ronald Reagan," Collins said in a statement on Twitter,"There they go again. Democrats just can't help themselves in their quest to impeach President Trump or anyone else."

While Cuomo could choose to leave Collins' seat vacant for the remainder of his term, the governor is expected to call a special election for the congressional spot.

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