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Rep. Chris Collins. Photo: Bill Clark/CQ Roll Call

Federal prosecutors recommended Monday that former Rep. Chris Collins (R-N.Y.) be sentenced to up to 57 months in prison for pleading guilty to insider trading last year.

Why it matters: Collins was the first congressman to endorse President Trump in 2016 and resigned in September after changing his not-guilty plea. Prosecutors argue that he should not receive leniency because he continued to serve in Congress while hiding his crimes.

Context: In August 2018, Collins was arrested in connection with an alleged insider trading scheme involving Innate Immunotherapeutics, an Australian drug company whose board he sat on for years.

  • Prosecutors allege that Collins received a tip about about a failed clinical trial involving the company's only product.
  • He then allegedly called his son Cameron, who sold off shares of Innate stock the next day.

What they're saying:

"In committing insider trading and later lying to federal agents to cover it up, and in continuing to actively serve in the House of Representatives during that time period, Collins came to embody the cynical idea that those in power who make the laws are not required to follow them. This surely was not lost on him, but it did not cause him to hesitate in making the choice to commit multiple crimes while holding one of the most visible and prestigious jobs in the United States."

Read the full memo.

Go deeper: GOP Rep. Duncan Hunter submits letter of resignation after guilty plea

Go deeper

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Axios-Ipsos poll: Americans' hopes rise after a year of COVID

Data: Axios/Ipsos Poll; Note: Margin of error for the entire sample is ±3.1%; Chart: Andrew Witherspoon/Axios

During the last year, Americans have felt stressed out and worried about the coronavirus — but now more say they're hopeful as the vaccines become available, according to the latest installment of the Axios/Ipsos Coronavirus Index.

The big picture: Americans finally see some light at the end of the tunnel as we approach the one-year anniversary of the national emergency over the pandemic — a year that has been full of misery, mental anguish, and sickness and death here and around the world.

Updated 2 hours ago - World

2 Americans accused of helping Ghosn escape in Japanese custody

Former Nissan chair Carlos Ghosn during a news conference in Jounieh, Lebanon, last September. Photo: Hasan Shaaban/Bloomberg via Getty Images

Two Americans accused of helping former Nissan chair Carlos Ghosn flee Japan in a box in 2019 were taken into Japanese custody after arriving at an airport near Tokyo Tuesday, per the Wall Street Journal.

Why it matters: The extradition of Michael Taylor, 60, a private security specialist and former Green Beret, and his son Peter Maxwell Taylor, 27, ends a months-long fight to remain in the U.S.

Rep. Rice demands Cuomo resign after 3rd woman accuses him of misconduct

New York Gov. Andrew Cuomo during a February news conference in New York City. Photo: Seth Wenig/POOL/AFP via Getty Images

Rep. Kathleen Rice (D-N.Y.) on Monday evening called for New York Gov. Andrew Cuomo (D) to resign, after a third woman accused him of inappropriate behavior.

Driving the news: Anna Ruch, a former member of the Obama administration and the 2020 Biden campaign, told the New York Times Monday that Cuomo asked to kiss her at a New York City wedding reception in September 2019.