To: NewYorker
Martha's problem is that she immediately advised her close friend to sell also - her cell-phone records nailed her. Had Martha just sold and kept quiet, nothing probably would have happened.
But passing on an insider tip? That's a securities no-no. She's going down.
To: canuck_conservative
> Martha's problem is that she immediately advised her close friend to sell also...
That's only part of it. Unlike some of the other big names bandied about, Martha is also a former stock broker. She can't even claim innocent ignorance of what insider trading is.
But that also is only part of it.
Unfortunately, I suspect the bulk of the focus is due to political ambitions and good'ol fashioned envy. Going after Martha almost guarantees lots of TV face time for the prosectors and politicians that want to put her on the spot.
If this case had been about some rogue floor-trader, it would have been plea-bargained eons ago.
To: canuck_conservative
Martha's problem is that she immediately advised her close friend to sell also - her cell-phone records nailed her.I thought I was totally on top of this story but I missed that bit of information. Not a good thing!
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