The Enron Scandal - Unmoderated Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Enron Scandal - Unmoderated

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: James Calladine who wrote (2671)	6/3/2003 9:10:40 AM
From: Glenn Petersen	Read Replies (1) of 3602

Martha Stewart in criminal probe msnbc.com Statement didn’t elaborate on possible charges MSNBC STAFF AND WIRE REPORTS NEW YORK, June 3 — Domestic doyenne Martha Stewart is the target of a federal criminal probe, her company, Martha Stewart Living Omnimedia Inc., said Tuesday. A federal prosecutor intends to ask for a grand jury indictment in the “near future.” STEWART HAS BEEN under investigation on suspicion of insider trading involving shares she sold of biotech company ImClone Systems Inc. in December 2001. The statement from Martha Stewart Living Omnimedia Inc. said Stewart’s attorneys told the company that Stewart is the target of a criminal investigation by the U.S. Attorney’s office for the Southern District of New York and that a civil complaint by the Securities and Exchange Commission also is expected. The statement didn’t elaborate on the possible charges. The company said its board of directors has been planning for a number of possible contingencies, is evaluating the current situation and will take action as appropriate. Federal authorities are investigating Stewart to learn if she sold ImClone shares because she had insider knowledge that the Food and Drug Administration was going to reject the company’s application for its new colon cancer drug. Stewart has denied any wrongdoing in her ImClone sale. A message left with Stewart’s attorney before office hours was not immediately returned. The U.S. attorney’s office had no immediate comment when reached Tuesday morning. The Associated Press and Reuters contributed to this report.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next