BP Editors
Rich people aren’t trying to part with their money, no matter how much of it they have. Martha Stewart heard her ImClone Systems stock was going to drop in 2001, and she quickly pulled her almost 4,000 shares out, avoiding a loss of only $45,673 in 2001. The day after her sale the stock fell by 16%. The problem was, she’s Martha Stewart. She’s on TV all the time, and other matronly trolls want to take shots at her. She was quickly exposed for her insider trading, and in 2003 she was indicted on nine counts, including securities fraud and obstruction of justice. But you knew she wasn’t going to do any real time! Martha got 5 months, and a fine of $30,000, which if you’re counting is about $15,000 less than she saved through the insider trading. Chump change! Martha got out of jail and was more popular than ever. She is now worth over $600 million dollars
