Re:Carl Icahn dumps $31M in steel-related stocks before Whit...
by tachyoff on Friday March 02, 2018 @11:57PM
(#16507964)
She wasn’t powerful enough to avoid the consequences.
[ Parent
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Re:Carl Icahn dumps $31M in steel-related stocks before Whit...
by joe_the_user on Saturday March 03, 2018 @12:12AM
(#16508013)
The parent's point deserves consideration
Martha Stewart wound up being prosecuted for "obstruction of justice" and "conspiracy", the go-to offenses when prosecutions otherwise hit a wall.
Stewart's prosecution came at time when insider trading appeared common and when regulators were looking for a visible victory. A celebrity prosecution gets a lot of press without actually angering people with real power. Stewart was a mere millionaire, not a multimillionaire or billionaire.
Edit: Well, I stand corrected, she was a multimillionaire at the time. Still it's hard not to see her as relatively small potatoes in the world of stocks.
https://www.thoughtco.com/martha-stewarts-insider-trading-ca...