Martha Stewart gets jail time
July 16, 2004 at 10:56 AM
Martha Stewart was sentenced to five months in jail and then five more months confined to her home, pending appeal of course. That should be interesting.
The part of the article I found most interesting though was that this whole hubbub is because she received an insider tip to sell her IMClone stock before negative news hit, which she did and saved her self a mere $51,000. But if she had never gotten that tip and never sold her shares of IMClone, she wouldn't be going to prison and she would have actually made more money. The value of the stock has actually increased $20 per share from where she sold it at ($60). Whoops!
Posted in Current Affairs | 1 Comments | Add yours
1 Christina said...
5 months isn't much...then again she only saved 51,000...I thought it was some multi-million dollar scandal.
Posted on July 16, 2004 at 02:11 PM