BS Ethics Ex 2 Q 7 - earlier Martha tried to sell all of...

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BS Ethics, BBA 4751-04D James Tilley, Section II Exam, Q 7 Insider trading is basically using internal knowledge not known to the public and trading stock based upon that information. The reason insider trading is fraud is the person is trying to gain something of value and neglects the legality of the situation. Martha Stewart was accused of insider trading, by receiving a tip by CEO Sam Waksal. The stock that in question was ImClone, and sale of the stock rose sharply and Martha tried to sell her stock. One thing that was discussed was the fact that just two months
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Unformatted text preview: earlier Martha tried to sell all of her stock then. The government could not charge Martha Stewart with insider trading, based on a sheer lack of evidence; they decided to go after her for other alleged misdeeds. Martha Stewart was found guilty of obstructing justice and lying to investigators about the information about the stock trades. Yes I agree with the verdict due to the fact it proves that no one is above the law. I am convinced that her time in jail wasn’t that difficult, if so then it brought her back down to earth....
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