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To: prairiebreeze
IIRC, from Sam Waxel or whatever his name is.

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.

22 posted on 07/08/2008 7:10:38 PM PDT by Toddsterpatriot (Why are doom and gloomers, union members and liberals so bad at math?)
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To: Toddsterpatriot

Why no, it wasn’t about her company. She called the broker, placed the instruction to sell before it was made public based on info Waxel fed to her about the FDA decision.

Why did the Justice Dept. initiate an investigation and why did she attempt to cover up what she did and subsequently lie about it if she did nothing wrong?


23 posted on 07/08/2008 7:20:26 PM PDT by prairiebreeze (I didn't leave the republicans, they left me.)
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