Guess who her prosecutor was. Comey. He has a thing about screwing over women, apparently.
Also she was never found guilty of insider trading. It was some bullshit charge to save face from the idiotic prosecution.
According to the U.S. Securities and Exchange Commission (SEC), Stewart avoided a loss of $45,673 by selling all 3,928 shares of her ImClone Systems stock on December 27, 2001, after receiving material, nonpublic information from Peter Bacanovic, her broker at Merrill Lynch. The day following her sale, the stock value fell 16%.
It’s complicated, as expected…
On June 4, 2003, Stewart was indicted by a grand jury on nine counts, including charges of obstruction of justice.
Only four counts of obstructing justice and lying to investigators were prosecuted by the time it got to court.
After a highly publicized six-week jury trial, Stewart was found guilty in March 2004 of felony charges of conspiracy to obstruct, of obstruction of an agency proceeding, and of making false statements to federal investigators and was sentenced in July 2004 to serve a five-month term in a federal correctional facility and a two-year period of supervised release (including five months of electronic monitoring).
But insider trading is a civil charge not a criminal charge… Apparently.
On the day she was indicted, the U.S. Securities and Exchange Commission filed a civil complaint against Stewart with charges of insider trading (for violating §17(a) of the Securities Act of 1933, §10(b) of the Securities Exchange Act of 1934, and SEC Rule 10b-5). The civil charges were stayed pending the criminal proceeding.
In August 2006, the Securities and Exchange Commission announced that it had agreed to settle the related civil case against Stewart. Under the settlement, Stewart agreed to a five-year bar from serving as a director, or as the CEO, CFO (or other officer roles in which she would be responsible for preparing, auditing, or disclosing financial results), of any public company. She also agreed to pay the maximum penalty of three times the losses she avoided, or $195,000.
She was already a billionaire at the time. 45k seems small potatoes at that point.
Also, the whole debacle was because She RECEIVED a call from her broker. Like the guy that gets paid to handle her money talked to her about her money…is somehow insider trading
Technically it was but right now it’s looking like it did when we made Jimmy sell the peanut farm. Trump has grifted billions with market manipulation, insider trading, lots of obstruction with the documents, just piles of crimes every day. The rest of his family is no different. It feels a little silly that we put Martha in jail in the face of all that. She wasn’t even a public servant.
i mean it can be. if the broker (who should know acting on the information would be insider trading) is trying to get clients to then act on it, the broker is suborning criminal activity. she really needed a new broker. my supposition is that the prosecutor was brand fucking new, saw a big name and thought “oh gee i bet they would make a good example and get my name in the news”, thought “oh gee i bet they can’t afford a defense attorney” and they were a fresh hire from some shitty civil firm and went after the most money.
Not jail, actual federal prison.
Yeah but wasn’t it like Club Fed, one of those rich-people jails that’s practically a resort
I mean, relative to other prisons it was probably pretty nice, but its still a prison.
Crime in the US during the Trump era is not about what you did but who you are.
If you’re one of the in group, you can shoot someone on Fifth avenue with impunity.
If you’re not, you can be abducted to a torture prison for no reason. Or you can be shot and killed by the regime paramilitary force.
To be fair, we already had an elite, above the law, and minority towns in which people were arrested for existing and killed routinely by law enforcement, but it was much less visible than it is now.
And the rest of us believed we had civil rights and rule of law.
If you’re one of the in group, you can shoot someone on Fifth avenue with impunity.
I’ll never forget polling was done on this by a reputable pollster:
People of color been trying to tell us
Trump is a slob about everything, but he’s careful about one specific thing:
He will never testify under oath. And that’s what Stewart was ultimately busted for - lying under oath.
yeah
See back in the day we atleast pretended that laws applied to the rich, that’s not the case anymore.
Back in the day, the legal system would periodically hold a rich person accountable for their crimes as a sacrifice to ensure stability.
Now the legal system continuously sacrifices countless poor people for the rich people’s crimes, which is needed to reach the same amount of stability because of the conversion rate.
/s
No sarcasm needed there.
It was a farce back then as well. The boys were doing it, and Martha got singled out because she’s a woman.
Back then, the government liked to target celebrities, because prosecuting a single celebrity will keep millions of civilians under control. The IRS is famous for it.
Today, they get a much bigger thrill out of hurting poor people. Hurting pathetic, helpless people is HILARIOUS!
Yeah, mainly “conversion rate” was the sarcastic part. My deadpan is sometimes miscalibrated…
That was correct too.
The rich are committing more crimes than ever, and as such, the proles need to get punished more than ever to make people think LEOs are doing something.
LEO: “Crime is up. We should do something about it.” beats up homeless person
Nope. Martha Stewart did time for Not Talking.
I’m sure they are getting all their wealth from their own merit. /s
Absolute corruption in the white house.
Now, if Donald Trump attended a Godspeed You Black Emperor concert, mingling with everyone else and getting into the music, I wouldn’t be able to process that.
HOLY SHIT, Martha steward is a REAL one, wowie. Im barely able to process martha steward at Godspeed, wth. Crazy lore drop
Rules for thee but not for me!
Martha is female therefore inferior. /s
