Word: obstructione
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That same resolve--sometimes seen as arrogance--was on display when Stewart stepped into a federal courthouse last week to be fingerprinted, photographed and indicted for obstruction of justice and securities fraud by the U.S. Attorney's office in New York City. Settlement talks had failed, and her lawyers' efforts...
Had Stewart simply sold on that advice, securities experts say, she probably would not have faced trouble--though Bacanovic might have. But after hearing about Waksal's order, Stewart, ever the micromanager, tried to reach Waksal herself, leaving a message recorded as "Martha Stewart. Something is going on with ImClone...
SENTENCED. Samuel Waksal, 55, former CEO of biotech firm ImClone Systems; to seven years in prison for insider trading and tax evasion; in New York City. Waksal, who pleaded guilty to all charges, was also ordered to pay $3 million in fines. He had tipped off family and friends to...
CHARGED. MARTHA STEWART, 61, American lifestyle icon; with securities fraud and obstruction of justice; in New York City. Stewart, founder of Martha Stewart Living Omnimedia, is also being prosecuted by the Securities and Exchange Commission for insider trading of shares in ImClone Systems a day before the biotech company announced...
Last week, though, their fortunes couldn't have been more different. Hillary was soaring high, a U.S. senator whose mega-memoir, Living History, had topped the bestseller list before reaching the shelves, even as she was being hailed by many Democrats as her party's best hope of recapturing the...