“She was never charged with trading violations.”
Being charged is just a part of the process anymore. You tell me how she can just accidentally sell off $230k worth of Imclone stock the day before it was announced that the drug they were banking on was turned down so she made an over all profit of over $40K when it was in her trial that she had been informed of the failed sale?
Ms. Stewart was found guilty of four counts of obstruction of justice and lying to investigators. If the illegal sales of the stock based upon underground information from the broker, who went to jail, also, was not about insider trading then what did she obstruct and lie about? Like I said, she knew someone and the deals were made.
wy69
They charge what they can prove.
She lied during the investigation.
She was also a broker back in the day. She knows the rules very well and probably made sure she covered her tracks well enough to cloud up the investigation.