Chris Collins' is still worth a staggering amount despite resignation, indictment charges

New York Representative Christopher Collins sent a letter to House Speaker Nancy Pelosi on September 30 announcing that he is resigning from his position in the House.

The contentious congressman is currently facing insider trading charges that he was indicted on in August 2018 alongside his son Cameron Collins and his son’s fiancee’s father, Stephen Zarsky.

Collins is expected to plead guilty on these charges as well as charges that claim he lied to the FBI in an attempt to coverup the scheme involving Innate Immunotherapeutics.

Collins first made headlines as the first member of Congress to formally endorse Donald Trump for president.

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U.S. Representative Chris Collins (R-NY) flashes a thumbs-up before delivering his nomination speech at the Republican National Convention in Cleveland, Ohio, U.S. July 19, 2016. REUTERS/Jim Young
Representative Chris Collins (R-NY) is seen on a screen as he delivers his nomination speech for Republican U.S. Presidential candidate Donald Trump at the Republican National Convention in Cleveland, Ohio, U.S. July 19, 2016. REUTERS/Mark Kauzlarich
UNITED STATES - JUNE 13: Rep. Chris Collins, R-N.Y., attends a House Energy and Commerce Communications and Technology Subcommittee markup in Rayburn Building on June 13, 2018. (Photo By Tom Williams/CQ Roll Call)
UNITED STATES - APRIL 11: Reps. Chris Collins, R-N.Y., right, and Kevin Cramer, R-N.D., attend a House Energy and Commerce Committee in Rayburn Building on the protection of user data featuring testimony by Facebook CEO Mark Zuckerberg on April 11, 2018. (Photo By Tom Williams/CQ Roll Call)
UNITED STATES - FEBRUARY 27: Rep. Chris Collins, R-N.Y., leaves the House Republican Conference meeting in the Capitol on Tuesday, Feb. 27, 2018. (Photo By Bill Clark/CQ Roll Call)
UNITED STATES - APRIL 26: Rep. Chris Collins, R-N.Y., leaves a meeting of the House Republican Conference in the Capitol on April 26, 2017. (Photo By Tom Williams/CQ Roll Call)
WASHINGTON, D.C. - FEBRUARY 16: (AFP-OUT) President Donald Trump participates in a congressional listening session with GOP members in the Roosevelt Room of the White House February 16, 2017 in Washington, DC. Also pictured is Rep. Chris Collins (R-NY). (Photo by Ron Sachs-Pool/Getty Images)
WASHINGTON, D.C. - FEBRUARY 16: (AFP-OUT) President Donald Trump participates in a congressional listening session with GOP members in the Roosevelt Room of the White House February 16, 2017 in Washington, DC. Rep. Chris Collins (R-NY) (3rd R). (Photo by Ron Sachs-Pool/Getty Images)
CLEVELAND, OH - JULY 19: Rep. Chris Collins (R-NY) delivers a speech on the second day of the Republican National Convention on July 19, 2016 at the Quicken Loans Arena in Cleveland, Ohio. An estimated 50,000 people are expected in Cleveland, including hundreds of protesters and members of the media. The four-day Republican National Convention kicked off on July 18. (Photo by Alex Wong/Getty Images)
CLEVELAND, OH - JULY 19: Rep. Chris Collins (R-NY) checks the sound while on stage prior to the start of the second day of the Republican National Convention on July 19, 2016 at the Quicken Loans Arena in Cleveland, Ohio. An estimated 50,000 people are expected in Cleveland, including hundreds of protesters and members of the media. The four-day Republican National Convention kicked off on July 18. (Photo by Alex Wong/Getty Images)
Erie County Executive Chris Collins (L) listens as New York State Governor David Patterson (R) speaks at a news conference along with other law enforcement agencies near the Emergency Training Center in Cheektowaga, New York February 13, 2009 in response to a Continental Flight 3407 that crashed with no survivors. REUTERS/Gary Wiepert (UNITED STATES)
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With a wide range of investments and assets, Collins is worth a hefty amount as he faces trial — even if the exact amount is still somewhat elusive.

Collins was a majority shareholder and board member of Innate Immunotheraputics as well as a major investor in both Volland Electric Corporation and ZeptoMetrix Corporation in 2015, when his last reported net worth was $66.5 million.

He invested $33.7 million to the pharmaceuticals/health industry at that time and his estimated asset valuation in Innate and Volland was a combined $30 million.

Collins' most recent financial disclosures (in 2018) include buying shares in Cocooon Development LLC in the $250,001to $500,00 financial bracket as well as selling shares of Innate Immunotherapeutics worth between 15,001 and $50,000 and holdings in Emergent Capital and ChemBio Diagnostics worth between worth between $1,001 and $15,000 and $500,001 and $1 million, respectively.

It is now estimated that Collins net worth is around $50 million, per movement of his shares and holdings in the past four years. 

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