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.
So she didn't trade on inside info of her own company? You mean she traded on info that an insider of another company gave her? How is that illegal?
Waxel went to prison for longer than Stewart did.
He traded on inside info, she didn't. He should have done more time than she did.
What’s similar is the lack of integrity and illegality of mandated procedures in a highly regulated industry.
What's different is lying on financial statements and loan documents is not the same thing as trading on info that an insider tells you is "inside" information.
My point in bringing up Stewart to the other poster was that Americans are as capable at committing fraud as this Brit was.
She didn't commit fraud in her trading. The Refco guys did commit fraud.