Martha Stewart indicted.
"The scandal surrounds Stewart’s sale of almost 4,000 shares of biotech drug maker ImClone Systems Inc. on Dec. 27, 2001 - the day before the government issued a disappointing report on ImClone, sending its stock price tumbling."
Meanwhile:
"One of Bush’s fishiest moves as a businessman who failed upward in the oil industry occurred in 1990, when Bush was on the board of directors and the audit committee of Dallas-based Harken Energy. Harken had bailed out Bush four years earlier by buying his own down-and-almost-out oil venture. In that deal Bush received a hefty dose of Harken shares. In June 1990, Bush dumped over 212,000 shares and bagged $848,000. He did so at a time when Harken was slipping but had hidden losses by selling a subsidiary, more or less, to itself in a deal the Securities and Exchange Commission later ruled a phony transaction. Moreover, Bush failed to disclose his stock sale right away, as the SEC required, and, instead, notified the SEC eight months after the federal deadline. "
Steal a little, and they put you in jail. Steal a lot, and they make you king.
- Bob Dylan
