speaking

2
In August 2002, Stewart was asked by the investigators to show financial documents of her business, ImClone and Merrill Lynch stock trade; however, she wasn't able to show it to the investigators. the SEC filel civil securities fraud charges against Stewart which indicated that she was a suspect in an insider trading case The jury found Martha Stewart guilty on 4 counts of conspiracy to obstruct justice and false statements On June 17, 2004, a judge sentenced Martha Stewart to five months in prison and two years of supervised release, and she was also charged a $30,000 fine After the incident, the company still unable to make an income In 2008: lost $16 million In 2010: lost $10 million In 2014: lost $6 million

Upload: annie-nguyen

Post on 28-Sep-2015

214 views

Category:

Documents


2 download

TRANSCRIPT

In August 2002, Stewart was asked by the investigators to show financial documents of her business, ImClone and Merrill Lynch stock trade; however, she wasn't able to show it to the investigators.

the SEC filel civil securities fraud charges against Stewart which indicated that she was a suspect in an insider trading case

The jury found Martha Stewart guilty on 4 counts of conspiracy to obstruct justice and false statements

On June 17, 2004, a judge sentenced Martha Stewart to five months in prison and two years of supervised release, and she was also charged a $30,000 fine

After the incident, the company still unable to make an incomeIn 2008: lost $16 millionIn 2010: lost $10 millionIn 2014: lost $6 million