Martha Stewart Scandal

Decent Essays
The biotech entrepreneur Sam Waskal friend of Martha Stewart, spent five years in jail because of the insider-trading charges. Just three months after his release, His company was sold for $6.5 billion he did not win a dime of that money he made. Martha Stewart also did not win anything with this story she was in jail for five months than five months of house arrest, and a two years of probation afterward. She also had to pay more than 30% of the money she made with the ImClone case but out of her own bank account. All the money earned form the case was gave back to the company that the databases were stole from.

Samuel D. Waksal, used his friends and family to sell their stock his family and friends got in trouble too they all had to stay

Related Documents

  • Decent Essays

    Cornelius vanderbilt should be the captain of industry because he stated the transportation of oil through trains. Also he was the inspiration behind many other industrial men. Plus he turned $100 dollars and 1 ferry into a giant shipping business that he then sold for a giant train business then he made millions of dollars and making him the richest man in america at that time. Plus he invested very well in stocks only making more and more money to add to his already millions of dollars.…

    • 338 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    Marty Frankel was born in 1954 and he was an American financial criminal who conducted a series of investment frauds since the late 20th century and brought hundreds of millions of dollars in losses. Marty Frankel was born to Leon and Tilly Frankel in 1954. He was Tilly’s second child and Leon's fourth. He went to University of Toledo but he couldn’t graduate. He was overall smart.…

    • 1170 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    There has been a recent and very serious incident involving illegal oil drilling by the Red Diamond Energy Corporation that has come to our attention. If they spilled any oil into the surrounding environment, it would have caused major destruction to the Florida wildlife. This letter contains everything we know about the Red Diamond Energy Corporation and it’s scam. Drake McBride’s (See government file 1978f7stz1 for more info on Drake McBride) very wealthy father was very fed up with his son.…

    • 1587 Words
    • 7 Pages
    Improved Essays
  • Decent Essays

    Kirsten Gilbert Scandal

    • 410 Words
    • 2 Pages

    In this assignment you will be learning about bout Kirsten Gilbert. It will include her childhood, teen, and adult years. Her victims profile and methods of murdering. Jail time and interesting facts. Kirsten Gilbert was born on November 13, 1967.…

    • 410 Words
    • 2 Pages
    Decent Essays
  • Great Essays

    As radical progressives fought to change conservative America, a group of Protestant ministers organized the Social Gospel movement to instill religious ethics into the business world. 18. Congregational minister Washington Gladden started a ministry for working-class neighborhoods and favored sanctions to improve workers’ rights. 19. Walter Rauschenbusch, a Baptist minister, proclaimed that Christians should endorse social reform to end poverty and labor abuse.…

    • 3652 Words
    • 15 Pages
    Great Essays
  • Improved Essays

    Grover Morgan Apush

    • 1275 Words
    • 6 Pages

    1. J.P. Morgan- He was a banker who brought stability and rationality to the national economy. He integrated railroads, insurance companies, and banks to make business run with more ease. John D. Rockefeller-…

    • 1275 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    "The Myth of The Robber Barons" by Burton W. Folsom, JR. is a very distinct story talking about the early American entrepreneurs. This story is a good illustration of big businessmen as being beyond America's significance. At the beginning of the story, Folsom portrays two significant types of entrepreneurs; market entrepreneurs and political entrepreneurs. He then begins to mention that "no entrepreneur fits perfectly into one category or the other, but most fall generally into one category" (pg. 1). Thereby, according to Folsom, “Political Entrepreneurs best fit into the classic robber barons mold” (pg. 1).…

    • 702 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    His girlfriend has not yet been arrested. Martha had eye surgery after the incident. People have raised over $21,000…

    • 171 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    New Orleans Scandal

    • 1768 Words
    • 8 Pages

    Introduction New Orleans, Louisiana was awarded its first National Football League franchise on November 1, 1966. The franchise became the 16th team in the National Football League and was named the Saints due to the fact that the birthday of the franchise falls on the Roman Catholic Church’s All Saints Day; widely appropriate considering New Orleans is predominately a Catholic city. The city of New Orleans and its beloved franchise has had to deal with some of the most adverse situations imaginable. For example, on August 29, 2005 Hurricane Katrina devastated the city of New Orleans and caused widespread damage to the Saints home stadium, the Louisiana Superdome. That year the Saints went just 3-13 however, bounced back in 2006 with a trip…

    • 1768 Words
    • 8 Pages
    Improved Essays
  • Superior Essays

    Industrial Revolution Dbq

    • 1407 Words
    • 6 Pages

    Throughout time we humans as a civilization we always strive for a better existence. During the 20th century in America there was much conflict surrounding social, economic and political issue that enamored the country for a very long time indeed and still to this day affects us. This is why the industrial revolution in America was prosperous, but like anything else in the world what goes up must come down. During this time period many Americans were trying to find there way throughout life and live a long and healthy life this part of history is not often taught in schools. Many people such as Cashman often refer to this time period as heyday of the robber barons” (2).…

    • 1407 Words
    • 6 Pages
    Superior Essays
  • Great Essays

    Beginning in 1870 and ending in 1900, the Gilded Age was a period of industrial growth and economic prosperity followed by the Progressive Era. Inventors and industry prospered, new job opportunities were formed, anybody had the chance to become successful. America began to urbanize, migrants and immigrants moved to cities to find work. While there were pros of the Gilded Age, there were also cons; corrupt politics, robber barons and unequal distribution of wealth were just a few of the issues of the Gilded Age. The Gilded Age was a period of corruption, greed, and poverty caused by rapid industrial growth necessary for the future of a modern America.…

    • 1542 Words
    • 7 Pages
    Great Essays
  • Improved Essays

    Elements of deviant and abnormal behavior associated with white-collar crime Deviant behavior is defined as any human activity that violates social norms. Social norms are the basic framework that help to keep our society organized and functioning. People that don’t or can’t abide by those norms are present in every aspect of humanity. Normally people will identify these outsiders and keep their distance. Mostly these individuals end up on the fringes of our civilized world, though there are certainly exceptions to this rule.…

    • 1375 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    We all want certain things, and sometimes greedy people want more than others. Like just about everyone, I have been a greedy person, and have had greed. My greed is ordinary though it is my motivator to go to college, get a better job, and truly succeed in life. I believe greed is good and bad because it can bring out the worst in people, but others it truly drives them to just be successful, happy people. I hope to describe how greed is something that just about everyone has and what effect it has on others.…

    • 1299 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Jordan Belfort Case Study

    • 1096 Words
    • 5 Pages

    After being charged with securities fraud, stock manipulation, money laundering, and other organized crime tactics (NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC), Belfort was sentenced to 4 years in prison and a $110.4 million dollar fine. However, after pleading guilty to fraud and money laundering along with testifying against his fellow associates, Belfort was given a reduced sentence of 22 months in Taft Correctional Center where he later wrote his biography. Daniel Porush was also “[...]censured, fined $250,000 and barred in all capacities,” (NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC). The duo both suffered tremendous losses both financially and personally after the fall of Stratton Oakmont, propelling the two leave the stock industry forever.…

    • 1096 Words
    • 5 Pages
    Improved Essays
  • Decent Essays

    The Wolf of Wall Street Jordan Belfort Novel The Wolf of Wall Street tells Jordan Belforts journey as he embarked on one of the biggest stock market manipulation schemes and how it all came crashing down. The book details the demanding nature of being a stock broker back in the 80 's-90 's and the amount of sex and drugs that encapsulated a young Jordan Belfort into conning people out of hundreds of millions of dollars. After being laid off from his first job as a stock broker due to the stock crash of 1987, Jordan founded his own firm, Stratton Oakmont with his longtime friend Danny Porush. They then proceeded to sell penny stocks to gullible investors by training their employees to never take no for an answer and make the stock seem out of this world.…

    • 778 Words
    • 4 Pages
    Decent Essays