General Discussion

"Martha Stewart’s Insider Trading Scandal"...

In the early 2000s, America’s most famous homemaker became the center of headlines, speculations,
and eventually a federal investigation concerning her stock trading. Martha Stewart was accused
of insider trading after she sold four thousand ImClone shares one day before that firm’s stock price
plummeted. Although the charges of securities fraud were thrown out, Ms Stewart was found guilty
of four counts of obstruction of justice and lying to investigators. She was sentenced to five months
of prison, five months of house arrest, and two years of probation.