http://www.foxnews.com/story/0,2933,113417,00.html


At least I hope so. I love it when the rich and famous are held accountable for there actions.

I bet if martha gave you a million dollars to change your opinion, you would! I would :)

Limecat is the LAST person I thought would sell out........
</WEEPS>

I'd change my mind for a Million, and I'd have the sexiest RX-8 on the planet!

A GOOD CAT JOKE ENJOY .
CHEERS
MICHAEL

Remember the golden rule: He who has the gold makes the rules. My bet is that she won't serve any time in jail. She'll probably spent less than a month in jail if she's convicted five years from now (Remember the appeal process?).

What did she do?

If you think that Martha would be locked up in high security county you are kidding yourselves. She will be in the lowest securtiy club fed and will most likely see less than a year in jail. On top of that I think this whole trial has been a big waste of federal funds. Martha did exactly what you and I would do if someone told us we had millions of dollars tied up in a stock that was going to eat $#!t. I would've sold it too.

Originally posted by mental pimp
What did she do?

insider trading. trading stock with insider information.... Like say she knows the company is in a turn for the worst based on inside information, so she sells all her stock in the company while it's still worth something. I don't know the exact details in her case, but I imagine it's something similar.

Me too.

Mental, she sold some stocks after an insider told her that it was gonna drop in value like a rock.

Dunno why that's illegal, I call it having friends in the right places.

Originally posted by rotary_it_up
Limecat is the LAST person I thought would sell out........
</WEEPS>

I am not His Majesty, I am but one of his high priests. High priests are allowed to sell out.

She wasn't convicted of any wrongdoing relating to the sale. The insider trading charge was thrown out. She was convicted for lying and altering records in an attempt to cover it up.


Anyone know what would have happened if she just came clean from the beginning?

Originally posted by Racer X-8
Me too.

Mental, she sold some stocks after an insider told her that it was gonna drop in value like a rock.

Dunno why that's illegal, I call it having friends in the right places.

Uhm, if it wasn't illegal, and everyone could do it, I'm pretty sure the stock market would crash! Ever hear about the great depression?

Originally posted by rotary_it_up
She wasn't convicted of any wrongdoing relating to the sale. The insider trading charge was thrown out. She was convicted for lying and altering records in an attempt to cover it up.


Anyone know what would have happened if she just came clean from the beginning?

She'd be convicted of insider trading :P

Actually Martha's charges of inside-trading were dropped. She has been convicted of conspriacy to commit purgury, false testamony, and obsturction of justice. These crimes together carry a much larger jail sentence than the 7 years the company's CEO got for peading guilty. I am proud of the court system in this instance. White collar crime while not violent affects more people and is much less enforced.

Personally, I'll take a thief over a liar any day.

Wow, I sure feel alot safer with Martha in jail. I'll go have a beer with OJ and celebrate.

All joking aside, I do agree with the comments about white collar crime. Martha seems like such a weak target, tho.

Martha... sure. Now whatever happened to Enron? I smell a payoff :(

Martha says that stripes are in this year;)J/K

Look for her new show soon - Martha Stewart's Big House Living

http://www.strages.homestead.com/files/roomofcare.jpg

I don't believe Martha ever got charged with insider trading. That's weirdness #1, since that's really at the heart of what she did. Wierdness #2, even a bigger weirdness, is the charge they dropped: Fraud. Basically, lying to MSO shareholders to manipulate the stock price. The judge had a just a little bit of trouble with that one.

Martha has to serve time. If Wall Street want us common folk to invest in their playground, they have to make it squeaky clean or we're going to invest in gov't bonds instead. As a former broker and as a CEO, she knew the rules better than most.

It's going to take a lot of time to put the likes of Lay and Skilling in jail. The Enron case is a whole lot more complex and these guys have infinite resources at their disposal. But, I think it's going to be done. Hope they stay in jail longer than that Keating bastard.

Originally posted by Lock & Load
A GOOD CAT JOKE ENJOY .
CHEERS
MICHAEL

Damn that was a funny one, thanks!

I hope they can find something on Rosie O'Donnel and throw the two in jail together that way Martha can become Rosie's bitch!

I think we can make an adult film like this. Probably sell millons of copies. What can I say I grew up near the San Fernando Valley.

Originally posted by 93rdcurrent
If you think that Martha would be locked up in high security county you are kidding yourselves. She will be in the lowest securtiy club fed and will most likely see less than a year in jail.But just think how nicely decorated her cell will be. :p

martha was an easy target, and they got her for it, to make an example of her.

there are tons of people who do what she did on a daily basis but they are just smarter.

I think the worse that will ever happen to martha is over (public humiliation)... I highly doubt she'll serve any serious time.. like somebody said, at the worse maybe a few months in club fed, and some communiity service, like most criminal celebs...

Originally posted by 93rdcurrent
If you think that Martha would be locked up in high security county you are kidding yourselves. She will be in the lowest securtiy club fed and will most likely see less than a year in jail. On top of that I think this whole trial has been a big waste of federal funds. Martha did exactly what you and I would do if someone told us we had millions of dollars tied up in a stock that was going to eat $#!t. I would've sold it too.

If she had done just that, she wouldn't be in trouble- she was convicted of lying about the trade in question. As far as the trade itself was concerned, if your broker calls you and says "sell" you do it or you don't- it was the broker who had the inside info. But her hubris was so great, she decided to fight it. The legal bills she paid far exceed what she would have lost on ImClone if she had not sold it.

There's a lesson there somewhere.

Probably right there is a lesson. If you are going to lie and cheat at least be in the "big boys club" so that you can buy your way out in the end... Martha's biggest crime, not knowing who to pay off. I'm sure that the Enron boys are offering up a sacrificial lamb that will take the fall. I am also sure that some money was exchanged for it.

I think the Enron boys are all going to do time. Fastow has pleaded guilty and it looks like around 10 years for him. He's singing. Skilling is indicted. The dogs are barking at Lay's door. It's just too high a profile case to let it fly. Too many Texas voters got hurt for even Bush to ignore. In the grand scheme of things, those guys should do about 20 times the time that Martha does, but that's where justice stops.

Also noticed that Bernie Ebbers got indicted last week. Good to see him do the perp walk.

Marthas
problem is that she does not have enough dirt on other high ranking scroundrels , so because they cannot be implicated by her they feel she can be easily sacrificed .

Moral of the story if you are going to play with the big boys in dirty bussiness of all sorts know them and their weaknesses .

as well as u know thyself .

Sun tzu" The art of war "

Cheers
michael

Who wouldn't have done what she did? If you had $500K invested in a stock and your broker told you the same thing would you sit back and keep the stock and watch it drope 50% the next day?

Did you guys know that our congressmen are much better stock pickers than the average investor? Do you think they just happen to be astute investors? Or do they perhaps receive information that Average Joe does not?

I hope they put a law that If you make a 7 figure income, then you shouldn't be allowed to just slip out of jail...this is crap!
Imagine if anyone of lower stature (say, most of us), got charged for sexual harrasment(per se Micheal Jackson)... SWAT would probably come busting in our work or home, and treat us like CRAP...They wouldn't wait for us to show up and neatly sign a little paper, and ride off in our *random car* strech limo...

It's crazy how everything works....
And in Martha's case, most of us wouldn't HAVE 500k in a stock, and know it was gonna drop like a rock...

BTW, does it matter if it's business or non-profit stock in Martha's case?

What is non-profit stock? All stock in considered capital (investment). Unless you're a trader than it is ordinary income.

Originally posted by i3man
What is non-profit stock? All stock in considered capital (investment). Unless you're a trader than it is ordinary income.
sorry, I don't know what I'm talking about (I'm 14)...I heard something about 401k's and 2**b's or something, and got all confused, I guess...

Martha Poker played here (http://www.thestackeddeck.com/poker/pokerstackeddeck.html)

This is the best news I've ever heard. did you know that even in a minimum security prison, you are given a body cavity search before AND after every visit? by the time she's out, she'll get Viol8'd at least once for all of us. Have fun Martha...and don't forget to keep you sink clean so you can wash the 1 pair of underware you get per week in it. God Bless America