Martha Stewart Guilty!
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Martha Stewart Guilty!
| Fri, 03-05-2004 - 3:11pm |
WOW! I guess I'm surprised Martha Stewart was found guilty on all four counts. I figured she'd get a slap on the wrist, at most. Anyone think she'll do jail time? Is this a *good thing* ?
Cat :)


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I think that in addition to the jail time, they should impose a very severe fine on Martha Stewart (say in the range of $2,000,000) and then use part of that money to make the investors who bought her shares of the stock, whole again (I know that is impossible, but in a perfect world, it is the right thing to do).
What she did is even more wrong because she was a licensed stock broker, and knew the laws and regulations pertaining to inside information. There is no excuse for what she did, and she did injure other people with her actions, just not physically.
thank you
Remember the most important charge against her was thrown out of court? That in itself does not seem legal. It does not seem justified that if you were charged with something that is considered a crime that it can simply be thrown out of court?
How do so many people have absolutly no idea how our court system works, how do people honestly believe that a judge would just throw something out illegally because he "likes" martha or some other such foolishness.
James
janderson_ny@yahoo.com
CL Ask A Guy
I just really think she is a clever lady and am really annoyed that TV stations dont want her on the air anymore b/c she sold some stocks. C'mon!!!
The charges that were dropped were the fraud charges, which stemmed from her lying to supposedly prop up her company's stock (that was a pretty stupid charge to me in the first place)
Second....>> What Did She Really do Wrong?
She used information that no other investors had so she could sell the stock before the stock's bottom fell out. What she did was hurt the investors who then bought her shares and got clobbered. As a former stock broker she should have known that what she did was wrong, and should never have done it in the first place. She could afford to lose $250,000 where some of the people who may have bought the shares in Imclone that she sold probably could not afford to lose the money that they did. Big difference.
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