Does Martha Deserve it?
Nancy Young wrote:
> > > The insider trading charges were dismissed, so my question is, how can
> > > Martha be charged with obstruction of justice and lying about something
> > > (insider trading) that she didn't do? Seems like the dismissal of the
> > > first charge makes the others a moot point.
> >
> > The insider trading charges were dismissed due to a lack of evidence
> > on the part of the prosecutors. That does not mean Martha did not commit
> > insider trading, only that it could not be proven. Perhaps if Martha had
> > not lied to the SEC, she would have gotten convicted on the insider
> > trading charge.
>
> I don't believe she was ever charged with insider trading. She can't,
> she is not an insider.
You do not have to be an insider to be guilty of insider trading. The person
who trades stocks based on information that was passed on them by the insider
is as guilty as the insider who passed it on.
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