Martha Stewart -- Scourge or Scapegoat Message Board

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Non-Tech : Martha Stewart -- Scourge or Scapegoat

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To: Gary E who wrote (107)	3/7/2004 8:29:47 PM
From: yard_man	Read Replies (1) of 165

no there never was any insider selling charges -- what was tossed out had to do with securities fraud -- having to do with stock in MSO and representations Martha made to shareholders ... they never had any insider trading case from the start. There was nothing criminal to cover up in the first place ... at most she got a tip that Sam Waskal had sold shares -- that is not insider trading. You can know any officer has sold and sell, too. Nothing criminal about that. Now what Waskal did was criminal -- he tried to unload all his shares after he knew the FDA had failed to approve the drug -- nothing wrong with him selling his shares, BUT only after the announcement was made public -- not before. There was no evidence that Martha knew this. She did find out after the fact what Waskal had done -- practically speaking she had a right to be nervous when she found out why he sold -- after the fact. Heck, look what happened -- now do you think these brokers told anyone else? Martha makes a nice bullet on a resume ... When the prosecutor is running for the next office he can make a commercial out of it and talk abotu how tough he was on white collar crime ... joke.

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