• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

Martha Stewart's trial-> Broke the law to save $51,000?

JEDI

JEDI

Lifer
I read somewhere that Martha only gained $51,000 from the insider stock tip that caused this scandal?

If that's true, she risked all this for profitting only an additional ~.1% in the multimillion $ sale. If you commit a crime, make it worth the time 🙂 .1% aint worth it, imo
 
So, you are saying she wouldn't have LOST any money if she kept the stock and sold it after the bad news about the company was released?

EDIT: I looked it up. Imclone fell to about 18 bucks a share soon after her sale. If she kept them, she would have lost about $100,000 by early January. The stock has never returned above her $60 sale price since then.
 
she's worth MAJOR $. she broke the law to save some chump change.

it's like you're making $75k/year and get caught shoplifting a sweater.
 
Yes, she broke the law to save a minimal amount of money (compared to what she's worth)... But then again money is money...
 
I read that she saved around $160,000 which is still a mere bag of shells by her standards. She is a greedy money-grubber and I hope that they nail her to a cross.
 
Originally posted by: Stifko
I read that she saved around $160,000 which is still a mere bag of shells by her standards. She is a greedy money-grubber and I hope that they nail her to a cross.
Click to expand...


yip i read that as well, dont remember where.
 
Originally posted by: BCYL
Yes, she broke the law to save a minimal amount of money (compared to what she's worth)... But then again money is money...
Click to expand...

and laws are laws
serves her right for being so greedy imho.
she knew exactly what she did.
 
Some of the richest people are also the cheapest people in this world. It doesn't surprise me as she probably did this (like all criminals) without thinking about the consequences.

Remember when one Yankee player stole Jeter's bat so that he can sell it? Well he lost his contract over that bat he stole.
 
Originally posted by: gistech1978
Originally posted by: BCYL
Yes, she broke the law to save a minimal amount of money (compared to what she's worth)... But then again money is money...
Click to expand...

and laws are laws
serves her right for being so greedy imho.
she knew exactly what she did.
Click to expand...

I totally agree. I hope she goes to jail for this... but then again the jail sentence probably wouldn't be very long (if she goes at all), and afterwards she still has all that money to fall back on that she won't have to work another day of her life...
 
Originally posted by: gistech1978
Originally posted by: BCYL
Yes, she broke the law to save a minimal amount of money (compared to what she's worth)... But then again money is money...
Click to expand...

and laws are laws
serves her right for being so greedy imho.
she knew exactly what she did.
Click to expand...

And due process is still due process. She's innocent until proven guilty - I don't knwo why everything is so quick to judge that she is when none of you know any real facts about the case.
 
Originally posted by: desy
Uhm
Innocent til proven guilty folks.
I wasn't aware any of you are on the jury?
Click to expand...

Because we are not on the jury it really doesn't matter if we say she is guilty or not guilty so why don't you just STFU unless you have some thing more inteligent to add.
 
The intelligent thing IS not to wildly speculate without the facts or baseless telling people to STFU
Your wisdom is inspiring
Bravo!
 
losing ~100k by keeping ImClone, or losing several mil by lost revenue and legal fees?

still not a wise choice, but foresight comes at a premium.

besides, 50k is still 50k, even if you're rich.
 
Originally posted by: Spencer278
Originally posted by: desy
Uhm
Innocent til proven guilty folks.
I wasn't aware any of you are on the jury?
Click to expand...
Because we are not on the jury it really doesn't matter if we say she is guilty or not guilty so why don't you just STFU unless you have some thing more inteligent to add.
Click to expand...
Gee... I missed out on where you added anything intelligent.
rolleye.gif


Or did Desy rain on your little witch-hunt parade?
rolleye.gif
rolleye.gif
 
Originally posted by: WinkOsmosis
Originally posted by: desy
Uhm
Innocent til proven guilty folks.
I wasn't aware any of you are on the jury?
Click to expand...

Would you hesitate to declare that Saddam Hussein is guilty? He hasn't been tried yet.
Click to expand...

Saddam isn't a US citizen, so he is not afforded the rights that a US citizen has.
 
I'm not to sure what Sadaam is charged with?
So guilty of what then ? Most likely the burdon of proof will be on a world court which in all likelyhood shouldn't be too hard to prove.
Some of the pre-trial articles I've read on Martha , charges are graspy at best esp if consider the stunts Enron, World com , Arthur Anderson et al got away with!!
We are all guilty of something, even if its as simple as speeding
A nice biased site for you !
 
As much as I think she is guilty, going to jail seems a little out of line considering the recent offenses of some corporate officials that saw no jail time. Kenneth Lay comes to mind.

Also, she is not being charged with insider trading.

She is being charged with professing her innocence to the crime and thereby defrauding other investors of information that she had of her guilt.
 
Why does everyone hate Martha so?

It's like Oprah...she has her die hard fans, and then her HATERS.

Anyhow - my real question is ..... could someone explain this stock business to me? A 'Stock brokerage for Dummies' or something? Never been interested in the science or politics of finance until now.....

Why is what she did so bad? I sorta kinda understand the 'essence' - like selling a car that you know is a lemon?

What I don't understand is, why was it illegal to get information from someone who knew? Is'n't that like, the epitomy of the very core of Capitalism?

BAH....

Please explain, someone.

And I'm for real on this - I don't know - so please bear with me on this. I REALLY want to understand, and I think I will from people on here rather than websites on the subject.
 
You must log in or register to reply here.

TRENDING THREADS

Back
Top