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did the U.S. attorneys and the securities and exchange commission use good judment in in-
dicting Martha Stewart? Do you belive that her indictment was based on evidence of a serious
crime, or do you believe that prosecutors con-sciously or unconsciously had additional motives
for pursuing the case?
Solution
As the entire world knows, Martha Stewart was indicted yesterday conspiracy, making false
statements, obstruction of justice and securities manipulation. Significantly absent from the
indictment is a charge of insider trading, resulting from her sale of ImClone stock. Given the fact
that it was that charge that was the subject of a very long, and very public investigation, its
omission from the indictment makes for some very interesting reading.
And another opportunity to learn life lessons. I am a fan of life lessons, whether they are from
biblical stories, or fairy tales or fables. Each of those stories contains a truism, a life lesson,
something that all of humanity should know, and would be better off if they followed. We have
our modern day stories too, and the Story of Martha and The Telephone Call will soon become
as famous at The Fox and the Grapes, for it teaches a lesson as clearly as any that Aesop could
have conjured up.
But the Story of Martha and The Telephone Call is much more than that, for it also contains
lessons regarding abuse of governmental powers, and the government

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  • 1. did the U.S. attorneys and the securities and exchange commission use good judment in in- dicting Martha Stewart? Do you belive that her indictment was based on evidence of a serious crime, or do you believe that prosecutors con-sciously or unconsciously had additional motives for pursuing the case? Solution As the entire world knows, Martha Stewart was indicted yesterday conspiracy, making false statements, obstruction of justice and securities manipulation. Significantly absent from the indictment is a charge of insider trading, resulting from her sale of ImClone stock. Given the fact that it was that charge that was the subject of a very long, and very public investigation, its omission from the indictment makes for some very interesting reading. And another opportunity to learn life lessons. I am a fan of life lessons, whether they are from biblical stories, or fairy tales or fables. Each of those stories contains a truism, a life lesson, something that all of humanity should know, and would be better off if they followed. We have our modern day stories too, and the Story of Martha and The Telephone Call will soon become as famous at The Fox and the Grapes, for it teaches a lesson as clearly as any that Aesop could have conjured up. But the Story of Martha and The Telephone Call is much more than that, for it also contains lessons regarding abuse of governmental powers, and the government