From baking cookies to behind bars, Martha Stewart, the world’s most famous home decorator added her name to the long list of celebrity jailbirds in 2004. Stewart was investigated and tried for insider trading along with other charges such as, obstruction and conspiracy. The TV personality’s case was followed religiously by the press and is easily one of the most famed insider trading scandals. Stewart was convicted on obstruction and conspiracy in 2004 and sentenced to a five-month stay in a federal prison. Celebrities going to jail are not a new thing in today’s media and world; however, it was a shock that Martha Stewart, who is America’s ideal housewife, was tried for something as unethical as insider trading. Martha Stewart is an American entrepreneur and television personality, known for her multitude of shows on PBS and CreateTV. She has branded her self as a home …show more content…
In September 1997, with the assistance of a business partner, Stewart was able to secure funding to consolidate her ventures related to the Martha Stewart brand into a new company, named Martha Stewart Living Omnimedia. Stewart served as the chairman, president, and CEO of the new company. In 1999, Martha Stewart Living Omnimedia made its debut on the New York Stock Exchange initially asking $18 per share but by the end of trading it had rocketed to $ 38 a share. Martha Stewart Living Omnimedia’s
A Case Analysis of the Scott Sisters Jamie and Gladys Scott, infamously known as the Scott Sisters, were convicted for organizing an armed robbery of two African American men in Mississippi after three male alleged accomplices testified against them in exchange for a plea bargain. The armed robbery netted a grand total of eleven dollars, and there were no reported injuries during the attack. The Scott sisters were found guilty and were sentenced to “two consecutive life sentences” for armed robbery (Austin & Irwin, 2012).
She actually was employed the whole time and admitted that she lied about it. She was charged by information with the crimes of theft and computer crime. The jury could only find her guilty of computer crime because a theft count alleged
In a scandal, named “Kids for Cash” by the press and reporters, Judge Ciavarella sentenced thousands of kids to two private juvenile facilities for payment. After the briefest of hearings, - the average length was four minutes – the kids were dispatched to the detention centers in which the judges had financial interests (source 4, page 2). Upon
In the article, " The Powerless Get Punished for Cheating, and the Powerful Benefit", written by Brittnay Cooper, argues that executives are not sent to jail for mortgage fraud that destroy poor neighborhoods. She argues, "Subprime lending fraud by banks like Wells Fargo and other lenders demolished African-American neighborhoods and exacerbated a crisis of black women and families being evicted from their homes yet no major executive has been punished. " The only ones suffering From the cheating are the lower-class because those causing the problems are faced with no penalties and feel as though they can continue these immoral actions. Cooper as argues," republicans are using trumped up evidence from conservative activist to press the case
On November 2, 2017, United States District Judge Marvin J. Garbis in Baltimore, Maryland sentenced Tara Kathleen Whyte, age 30, of Hollywood, Florida, and Gambrills, Maryland to 54 months in federal prison for bank fraud conspiracy and aggravated identity theft stemming from a banking scheme involving over $1 million in losses. Judge Garbis also ordered Whyte pay restitution in the amount of $77,422.06 (The Bay Net, 2017). Whyte was one of 13 members of a nationwide group of fraudsters known as the “Felony Lane Gang.” These individuals traveled from Florida to Maryland and other states broke into vehicles parked at recreation areas, sports fields, gyms, fitness centers, and other locations, and stole wallets, purses and other items left
Merry had access to a client’s confidentially information. We do not know how Merry is going to use the information learned about the prominent public figure. The information Merry had access to can be damaging to the client public image. This affects the well-being of the client. The therapist’s inability to maintain confidentiality affects the beneficence of the client.
Motivated by greed and finally caught by his own lies, Kevin Trudeau was sentenced to no less than ten years in prison by Judge Guzman of the United States District Court of the Northern District of Illinois by court case number 10CR 886 . In fact, the well-known TV pitchman was finally arrested after spans of deception. “That doesn’t happen by accident, and it doesn’t happen by noble intentions,” the judge said. “It’s a reflection of a person’s character.” Character is used to evaluate and demonstrates the creditworthiness of our business following other certain protocols which is used as a portion of our credit analysis.
Martha was a symbol to the patriot public. As well as a blessing during times of peril for soldiers at camp and for her own husband. Through times of hardships she still prevailed as said in her own words, “I am determined to be cheerful and happy in whatever situation I may find myself. For I have learned the greater part of our misery or unhappiness
Notoriety a Modern Myth High profile court cases have been getting increasingly popular as time goes on. Court cases like the Casey Anthony and Scott Peterson trials are media dynamite. Although the media is legally allowed to be a part of these court proceedings, they still cause drama and stipulations that many feel would not be a factor if their presence were withdrawn. Notoriety, or being famous for bad deeds, is a characteristic engulfing many of Hollywood’s elite personnel; for this reason, many high profile cases have become even more of a media magnet. Many may believe that notoriety is a determining factor in high profile cases, but all legal proceedings are conducted in the same manner whether heavily documented in the
Jane and Finch’s illegal activities is what the media focuses on, despite the great cultural events
Tony Bombassi Case Brief- U.S. v. Martha Stewart and Peter Bacanovic, 305 F. Supp. 2d 368 (SDNY 2004) December 5, 2016 Facts Martha Stewart was CEO of her own publicly traded company. Bacanovic was a stock broker at Merrill Lynch who handle the stock sale. The criminal charges against Stewart and Bacanovic came about on December 27, 2001 after the sale of 3,928 shares of stock in ImClone Systems, Inc.
She is a writer, television personality, business woman and the ultimate homemaker. Martha Stewart has acquired major success through her endeavors in broadcasting, merchandising, and numerous bestselling novels. Stewart is also widely known for her infamous brush with the law when she served time for insider trading; to only return stronger and savvier than ever. However even a person of her stature could not escape the harsh reality of declining magazine sales, which at one point were the bread and butter of her Martha Stewart Living Omnimedia Inc. empire.
A) Introduction Unethical behaviors in business affect everyone since you either work in the field or are a consumer of its services. Unfortunately, almost every company usually has individuals who act unethically whether it is for their personal benefit or for the sake of the company they work for. Unethical behaviors in business might be as simple as using company property or funds for personal gain to inside trading and financial fraud. According to The Chartered Institute of Management Accountants, nearly one third of business professionals feel pressured to compromise their ethical standards and are increasingly pushed towards unethical behavior. Moreover, “misconduct is common and accepted by business services professionals, the integrity of entire economic systems is at risk”, states Jordan A. Thomas, partner and chair of the Whistleblower Representation Practice at Labaton Sucharow law firm.
“Good units walk a thin line between indiscipline and ineffectiveness. Ignore the rules too often and you’ve got a mob, but enforce the rules too strictly and you’ve got a herd.” by Henry V. O’Neil represents the notion behind an effective organizational behavior. In an organizational settings, how well the employees are managed and understood depends on the leadership style exhibited by the leaders. Finding the right balance between being too strict or too easy with the employees not only create an ideal work environment but also increase productivity and reduce employee turnover.
Case Study – Bill and Melinda Gates 1. What do you think Bill and Melinda Gate’s personality traits are for each of the Big Five dimensions? Compare the two. The purpose of big five is to categorize the personality traits into different dimensions which can help us to understand better how people behave to others and how react in their life.