originally posted by Jonathan Loesberg:
originally posted by kirk wallace:
originally posted by Jonathan Loesberg:
originally posted by Claude Kolm:
In the federal courts and every state in the union except Maryland, which is considered a great anomaly, juries are limited to questions of fact. Questions of law are always decided by judges. They instruct the juries what they can consider and what they cannot and how much weight they are to accord to the factual evidence and how the law applies. Oh, and by the way, judges have the power to overrule a jury's verdict. Jonathan, I'm sorry, but you've really diminished my respect for you by this thread and your ridiculous arguments.originally posted by Jonathan Loesberg:
For good reasons, lawyers don't find people guilty, juries do.
Kirk to the contrary notwithstanding, Martha Stewart was originally brought under suspicion and was questioned because she was alleged to have sold shares in a drug company when her friend, who was the president of the company told her, prior to the reporting in the news, that the drug had been rejected by someone or another. This is insider trading. It is what they could not prove and instead charged her with obstructing justice in the sense of obstructing the case they were unable to prove, by lying under oath. If I had been a member of that jury, I would have had to vote to find her guilty, but I wouldn't have liked it.
Sorry, Jonathan: you have the facts a bit muddled. Sam Waksal, the CEO on ImClone, tipped his daughter and other family members to sell ahead of the public announcement of the FDA's failure to approve one of ImClone's pending drugs. That is insider trading as to him -- note that his daughter was not charged with a crime. MS's broker was aware of the Waksal sales and was found to have tipped MS about them. MS denied that the broker had told her. She was found (as you note, by a jury) to have lied about that. That is obstrucion of justice; it is not insider trading. She was originally charged with, but not convicted of securities fraud --and indeed the judge threw out that charge before it even went to the jury -- but that securites fraud charge related to her company; not Imclone. If you'd like, see this story.
USA Today, that paragon of journalism, has a nice time line here.
Let's go over history of charge and counter-charge.
1)I said I could tell the difference between charging someone with insider trading and charging them with lying about it, which was the obstruction of justice charge. In other words, I said at the outset, and it was indeed part of my point, that she was charged with lying under oath--because they could not get her on insider trading.
2)You denied that it ever had anything to do with insider trading.
3) I contradicted you, giving an elided account of the insider trade in question. By the way, the charge went through her broker because they could never prove it came from Waksai, but she did know him and it was widely suspected. I'll, however, accept your correction as it still makes my point in 1). They couldn't get her on the real charge so they got her on lying in their investigation of the real charge.
4) You write as if you are correcting what I say, but you confirm my original statement's content: they couldn't get her on the real charge so they got her on lying about it. I'm happy we agree. You are free with Claude to think the conviction on the obstruction charge was just as well as accurate (two different claims), if you wish.
This grows a little dull, and I even know Sam.