New charges in Martha Stewart insider trading scandal

Wired ^ | August 9, 2002 | By Justin Gillis and Ben White

[BJungNan]

The gravity of the criminal charges against Samuel Waksal, the former chief executive of ImClone Systems Inc., raised fresh questions yesterday about the company's credibility and cast a new shadow over the entire biotechnology industry, battered this year by a loss of investor confidence.

The case, which began as an insider-trading scandal, had already tarnished the reputation of Waksal's friend Martha Stewart, among others. It reached a new level Wednesday with a federal indictment that accused Waksal not only of insider trading but also of forging the signature of ImClone's top lawyer to preserve $44 million in personal bank loans.

[BJungNan]

Oops. Forgot something. Link to rest of article HERE

[Paul Atreides]

Why does your original link say "Wired", but takes me to "gogov.com" and your link to the rest of the article take me to the Washington Post?

[BJungNan]

I have one browser window open to wired, another to gogov and another where the story is at the Washington Post.

Dial up connection is slow so I use multiple browser windows at once. Read one while the other loads. Sometimes I get them mixed up. This time I got 'em really mixed. Sorry about the confusion.

[onedoug]

Thanks for the post.

So, Congress tags the visible Stewart so its members can once again grandstand rather than letting the grand jury and legal system run what should have once been its course.

Meanwhile, an ever new front opens in the war against capitalism, to where even the elite will one day curse themselves for their destruction of America in eventually realizing that amidst the chaos they will have sewn, there is nowhere left to run.

[Paul Atreides]

No problem! You are talking to the king of confusion.

[Paul Atreides]

I firmly believe that if Martha has done something wrong, she should pay the price. However, there are some Clinton cronies who should be answering more questions than she, who are not being called to task.

[onedoug]

I agree though while connected, the Stewart matter is common criminality, where Clintonism gives that extension to some of the most extensive and egregious Treason in American history, which - and, as so connected - tragically, has in fact become a way of seeing, and living in America.

I've always thought myself an optimist. But frankly, unless we can somehow wake-up, I honestly fear that the end-point in #5 is our fate.

[Paul Atreides]

No kidding! In addition to the crooked Dims, the media are protecting the Clintoids from any serious scrutiny. They would rather write endless blather columns about W and Cheney dealings.

[TheDon]

Ditto for the media. Stewart should charge the papers for the unauthorized use of her name in helping them to sell their newspapers.