Did you roll up a page from a Dr. Suess book and snort crack with it?
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Nattering Nancy Pelosi and herhorribly hen-pecked husbandpathetic pet man Paul have made millions after making a quick purchase of $5 million dollars worth of stock in ultra-liberal Jeff Bezos' Amazon, Inc.
The purchases took place while closed-door meetings on the Chinese virus were being conducted in Congress.
Pelosi has already amassed $1.1 million dollars in profit from the exchange, in just a matter of weeks. Pitiful Paul Pelosi, the speech-slurring Speaker’shorrifically hen-pecked husbandpathetic pet man, bought into the back-room bonanza at a price of $1,600 per share.
Mr. Nancy grabbed 3,000 shares on Jan. 17, according to SEC filings. The price climbed to almost $2,000 per share on Tuesday.
If that's not enough. Pathetic Paul grabbed 40 additional call options on Amazon too and sold those on January 17, to netting between $500,000 and $1 million.
https://tinyurl.com/IMPEACH-RANA-TODAY
Did you roll up a page from a Dr. Suess book and snort crack with it?
Insider trading, same as Richard Burr.Mr. Nancy grabbed 3,000 shares on Jan. 17, according to SEC filings. The price climbed to almost $2,000 per share on Tuesday.
BTW..awesome alliteration!
Martha Stewart went to jail for this.
Insider trading is not always a crime.
Insider trading becomes illegal when another person bases a trade on information that the public does not have access to.
Not only is it illegal to trade your own stock in a company based on insider information, but it is also illegal to provide another person with that information.
In 2001, Martha Stewart sold all of her shares of the biotech company, ImClone.
Two days later, ImClone's stock fell 16% after it was announced that the FDA had not approved ImClone's primary pharmaceutical product, Erbitux.
By selling her shares in the company before the announcement, Stewart avoided a measly $45,673 loss. While Stewart had certainly made a suspiciously timely sale of her stock, regulators would have to prove that she had acted on insider information to avoid the loss.
Over the course of the investigation and trial, it came to light that Stewart had acted on a piece of nonpublic information, but that the information was not explicit knowledge of the FDA's decision about ImClone's drug approval. Stewart had actually acted upon a tip from her Merrill Lynch broker, Peter Bacanovic, who also worked with ImClone's CEO at the time, Sam Waksal. Bacanovic knew that Waskal was attempting to unload his large stake in his company, and while he did not know precisely why, he tipped Stewart off.
Had Stewart traded based on knowledge of the FDA decision, the case would have been strong, but Stewart only knew that Waskal had sold his shares, not why. She did, however, act on a tip that she knew breached her broker's fiduciary duty.
The case against Stewart led prosecutors to focus on the series of lies Stewart told to cover the facts surrounding her trade.
Stewart was sentenced to 5 months of prison time for obstruction of justice and conspiracy after the insider trading charges were dropped and securities fraud charges dismissed.
In addition to the prison sentence, Stewart also settled with the SEC on a separate but related case in which she paid a fine of four times the amount of the loss she avoided plus interest, which came to a whopping total of $195,000.
She was also forced to step down as CEO from her company Martha Stewart Living Omnimedia for a duration of five years.
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