Word: sec
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...last week, she lied to cover up why she had sold 3,928 shares of ImClone Systems on the eve of an adverse ruling for its cancer drug Erbitux. Stewart could probably have come clean immediately and received a slap on the wrist from the Securities and Exchange Commission (sec). But by sticking to a bogus story, she turned a civil case into a criminal one. "When we first indicted this case, we said it was about lies, all about lies," says Kelley. "And as you saw in the evidence, that's what it was. Lies to the FBI, lies...
...nothing, nothing about any $60 price agreement," assistant U.S. Attorney Michael Schachter argued in his summation. "Four days after the sale, Peter Bacanovic didn't say a word about what is now the cornerstone of his defense." Unsatisfied with Bacanovic's account, Merrill Lynch reported the activity to the sec, which opened an investigation...
Ballroom dancing, both recreational and competitive, became hugely popular in the 1920s, particularly on the East Coast. Now it's a worldwide phenomenon in which competitors perform anywhere from 20 to 30 individual dances over several days. Each dance lasts only about 50 sec. to 1 min. 45 sec. A panel of judges bases its decision on a slew of factors, such as timing, poise, balance, style and how well couples move together. Prizes are usually trophies but in some cases cash awards of around $500 that are used to pay for future lessons. Many avid amateurs spend easily...
...government's case was substantially assisted by the testimony of Douglas Faneuil, former assistant to Bacanovic, who testified that his boss had ordered him to share with Stewart the insider tip on Waskal's intentions. Stewart was convicted of lying to officials from the SEC, FBI and federal prosecutors when she told them she and Bacanovic had previously arranged an automatic sell order if the stock price fell below $60; and also of lying in her claim to SEC, FBI investigators and federal prosecutors when she claimed she did not recall being told of Waksal's planned stock sale...
Over the weekend, the Crimson maintained its focus on competition and beat the Tigers (3-3, 0-0 SEC) in efficient fashion. Displaying consistently strong play, Harvard swept the doubles competition and took the all-important doubles point for the fifth match...