Through insider trading, Martha Stewart avoided a $45,000 loss. She lied repeate... | Hacker News

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		300bps on Aug 18, 2021 \| parent \| context \| favorite \| on: SEC charges Netflix insider trading ring Through insider trading, Martha Stewart avoided a $45,000 loss. She lied repeatedly to investigators saying among other things that it was a pre-arranged trade. The person that tipped her off admitted everything though. She went to jail for lying to investigators, obstructing justice, etc. And still had to pay a $195,000 civil fine for the insider trading!! Source: https://biography.yourdictionary.com/articles/why-did-martha...

nearbuy on Aug 19, 2021 [–]

Imagine being a (former?) billionaire and going to prison over avoiding a $45,000 loss. I don't know what she was thinking.

nearbuy on Aug 19, 2021 | [–]

Just to correct my last comment, after looking up the case, it seems Martha Stewart was actually not found guilty of insider trading. She was found guilty of lying to investigators.

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