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To: prairiebreeze
She used knowlege that wasn’t public to influence trading decisions.

Where did she get that information? How is that close to what the Refco guys did?

20 posted on 07/08/2008 6:05:51 PM PDT by Toddsterpatriot (Why are doom and gloomers, union members and liberals so bad at math?)
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To: Toddsterpatriot

IIRC, from Sam Waxel or whatever his name is. She found out some drug wasn’t going to be FDA approved, ordered her stock sold on this insider knowlege. She would’ve lost just a pittance considering her Omnimedia corporation was at its zenith at the time.

Waxel went to prison for longer than Stewart did.

What’s similar is the lack of integrity and illegality of mandated procedures in a highly regulated industry. My point in bringing up Stewart to the other poster was that Americans are as capable at committing fraud as this Brit was.


21 posted on 07/08/2008 7:04:23 PM PDT by prairiebreeze (I didn't leave the republicans, they left me.)
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