BROKER'S AIDE DISHES DIRT ON MARTHA: REPORT

New York Post ^ | 8/06/02 | LAUREN BARACK, LISA MARSH and JOHN LEHMANN

[kattracks]

August 6, 2002 -- The assistant to Martha Stewart's celebrity broker reportedly has blown the whistle on the domestic diva - telling federal investigators that she sold her shares in scandal-scarred ImClone after learning that members of the chief executive's family were dumping theirs.

[Pistolshot]

Looks like Martha will have to do her "Home Decorating" segments from the Federal pen in Marion, Ill.

[Dante3]

Martha is one nasty person. The incident showed off her greed.

[mlocher]

Although Stewart has not been charged in the case, her role has sent the stock of her own company, Martha Stewart Living Omnimedia, plummeting, prompting a class-action suit by her investors.

funny how the market is a self correcting mechanism.

[Tunehead54]

Too bad these slimeballs didn't check their facts before dumping their stock - the drug is actually showing real promise - Imklone's study design was being faulted not the drug itself.

See a recent article here: Controversy hides drug's pluses - St. Petersburg Times - St. Petersburg, FL - Jul 30, 2002 - WES ALLISON & KRIS HUNDLEY

---

[PJ-Comix]

Martha is one nasty person. The incident showed off her greed.

But I heard she is nice to her neighbors.

[Tunehead54]

Oops! Make that "ImClone Systems" (IMCL) - holding up better than Enron or Global Crossing ...

[1Old Pro]

But Faneuil has now told probers she got rid of her shares after he advised her - on Bacanovic's orders - to sell because the firm's then-chief executive, Sam Waksal, was trying to sell out and members of his family were unloading their stock, the Journal reported.

This is a CRIME. It's called trading on inside information as a tipee and a tipper. We don't need new laws or regulatory agencies. We need a judicial system where crimes are PROSECUTED EQUALLY.

[r9etb]

The guy looks like he stepped off of the cover of GQ or something. Call me a cynic, but I can't escape the feeling that Mr. Bacanovic's success had to do more with his social skills than it did his financial abilities.

[TBall]

I'm no Martha fan, but I have yet to see any smoking gun evidence. I wonder why the media is so eager to get Martha?

[OldBlondBabe]

"I can't escape the feeling that Mr. Bacanovic's success had to do more with his social skills than it did his financial abilities."

I remember reading an article in the Wall Street Journal a few weeks back that said exactly as you did. He wasn't especially skilled but was seen at all the right parties and social events with all the important people, etc.

[TBall]

If Martha sold at $58 per shr, that would mean that she sold on Dec 28. On Dec 28 Imclone was down about 5 pts from the previous day and was off of a $75 high put in on Dec 6. Techinally Imclone was quite weak when she sold. Once again, I'm no fan of Martha.

[mombonn]

I'm no Martha fan, but I have yet to see any smoking gun evidence.

The wench is a former broker. She KNEW what she was doing was ILLEGAL.

A $60 stop order doesn't fill at $58. She LIED figuring she could get away with it.

The assistant decided not to take the fall.

[tinacart]

"I wonder why the media is so eager to get Martha?"

For the same reason they wanted to destroy the world's best medical research companies, medical care (and have achieved it with HMOs, etc.), Microsoft, and any other American corporation that provides jobs/opportunity for the citizens of this great country - destroy the economy, make us equal to the third world losers, and yep, we can all be part of one big happy UNited family... Freedom's just another word for Nutin' left to lose!!!

[TBall]

"A $60 stop order doesn't fill at $58." Even if it was an actual stop order and not just strategy discussion with broker, would it necessarily fill at $60?

[wardaddy]

Why is Congress going after her specifically over 200K more or less. Don't they have more important things to do? Let some NYC AUSA deal with her.