Exactly.
They made an example of her, to teach those uppity, mouthy women who wouldn't keep their mouths shut in the kitchen.
this post was submitted on 12 Apr 2025
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I seem to be a little out of the loop on the history here. What happened to her?
Martha Stewart was being investigated for insider trading, committed perjury, and spent 5 months in a fed prison in 05. It was all over the news because she sold tupperware and kitchen stuff.
Thanks for the short and sweet answer.
My memory is fuzzy if the event, but the reason for her jail time was because she lied about it, right?
Yeah exactly. Thats what I meant by perjury. Not sure if they used a different term for the charge.
She sold $230,000 worth of stock in a biopharmaceutical company after executives tipped off friends and family about a key drug they were researching failing to acquire FDA approval. After news became public, the company's stock fell.
She was sentenced to 5 months in prison, 5 months of house arrest, two years probation, and recieved a 5 year ban from serving as an executive of a public company, and a fine of $195,000. She has also been denied entry into other countries like Canada and the UK for being a convicted felon.
... Isn't that almost exactly the same thing Vivek Ramiswamy did?
Started or bought a biotech firm, literally got his own mother to conduct a 'study', concluding a drug in development worked and had potential, when in fact everyone knew it was bullshit, then he sold all his shares before larger studies concluded more publically that the drug was indeed bullshit?
Holy shit. That seems a bit harsh.
Or, stick with me, it's not overly harsh, it should just be applied to everyone who does insider trading.
That was pretty much what I meant in a roundabout way. They're being extremely harsh on her when other people are getting away with the same or worse on a daily basis.
Oh definitely - Black Edge is a fascinating book on the subject if you're interested.
I'll go check it out thanks.
Well, she was an uppity femoid who needed to be put in her place...
/s
Precisely my point. The other people doing this shit are getting away with it.
https://en.wikipedia.org/wiki/Martha_Stewart
Read the section "Stock trading case and conviction"
Thank you.
She doesn't receive a pass because a bunch of asshole Republicans are openly doing it now. Everybody that's breaking the law should be punished as the law dictates. I don't know what's so fucking hard about that
I don't think the argument is that Martha should get a pass. The argument is why aren't other rich white privileged assholes like her subject to the the same or worse punishments? I don't know if the law stipulates for it at all, but to do this kind of shit as a politician with the power to manipulate markets and the violation of public trust is so much more egregious in my mind.
When did she get a pass? She went to jail. Now, she may not receive the same treatment as everyone else, but she was convicted and she went to jail. That's hardly a pass and is way more than these assholes have experienced. What's more, she isn't doing it anymore (as far as I have heard).
She should have been in Congress, it's legal when they do it.