RE: Martha Stewart and her Merrill Lynch Broker

From: gts (gts_2000@yahoo.com)
Date: Thu Jun 05 2003 - 17:59:44 MDT

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    Lee Daniel Crocker wrote:

    (Revisiting this)

    > Actually, she's charged /only/ with the cover up, not the
    > underlying insider trading; which is itself something of a
    > dubious proposition.

    I see that Martha Stewart's lawyer has published a letter which claims the
    federal indictment does not, as you say, include the original charge of
    trading on inside information about the ImClone drug being rejected by the
    FDA. www.marthatalks.com

    Very interesting if true. I don't know if that is only her lawyer's legal
    spin, (she was after all indicted on five counts of securities fraud, and I
    find it hard to believe that none of them pertain to the timing of her sale
    of ImClone stock), but according to her lawyer the government is prosecuting
    Stewart for obstructing an investigation that proved her to be innocent!

    Looks like confusion caused by over-zealous government interference in free
    markets.

    I would vote to abolish the SEC, and the FDA as well. Actually I have
    already done so (voted for Harry Browne last time around).

    -gts

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