Martha Stewart and Peter Bacanovic were indicted on criminal charges arising from Martha Stewarts December 27, 2001 sale of 3,928 shares of stock in ImClone Systems, Inc. ("ImClone"). ImClone is a biotechnology company whose then-chief executive officer, Samuel Waksal, was a friend of Stewart's and a client of Stewart's stockbroker at Merrill Lynch, defendant Peter Bacanovic. On December 25, 2001, ImClone learned that the Food and Drug Administration had rejected the company's application for approval of Erbitux, a cancer-fighting drug. On December 28, the day after Stewart sold her shares; ImClone publicly announced that the Erbitux application had been rejected. Shortly after ImClone's announcement, the Securities and Exchange Commission "SEC" and the United States Attorney's Office for the Southern District of New York launched investigations into trading in ImClone stock in advance of the announcement to the public of the news about Erbitux. During the investigation each defendant was questioned twice. Martha Stewart was interviewed at the office of the United States Attorney on February 4, 2002 and by telephone on April 10, 2002. Among those present during Stewart's interviews were Special Agent Catherine Farmer of the FBI and Helene Glotzer, a lawyer with the SEC's Enforcement Division. Peter Bacanovic was interviewed by telephone on January 7, 2002. Present at that interview were Glotzer and another SEC attorney, Jill Slansky, as well as David Marcus, a Merrill Lynch attorney. On February 13, 2002, Peter Bacanovic testified under oath before the SEC. He was questioned by three SEC attorneys: Glotzer, Slansky, and Laurent Sacharoff. His testimony was tape recorded. The jury convicted Stewart of making false statements to investigators during her February 4 interview, in violation of 18 U.S.C. § 1001. The jury found Stewart guilty of making the following false statements, each of which was a specification in Count Three of the Indictment. Martha Stewart told the Government investigators that she spoke to Peter Bacanovic on December 27 and instructed him to sell her ImClone shares after he informed her that ImClone was trading below $ 60 per share. Martha also stated that during the same telephone call, she and Peter Bacanovic discussed the performance of the stock of her own company, Martha Stewart Living Omnimedia ("MSLO"), and discussed K-Mart. She told investigators that she had decided to sell her ImClone shares at that time because she did not want to be bothered during her vacation. Stewart stated that she did not know if there was any record of a telephone message left by Peter Bacanovic on December 27 in her assistant's message log.
Shelly Zumaya (2220 East Hennepin Avenue, Minneapolis, MN 55413) is the president and sole shareholder of Kiwi Corporation (stock basis of $400,000). Incorporated in 2003, Kiwi Corporation’s sole business has consisted of the purchase and resale of used farming equipment. In December 2011, Kiwi transferred its entire inventory (basis of $1.2 million) to Shelly in a transaction described by the parties as a sale. According to Shelly and collaborated by the minutes of the board of directors, the inventory was sold to her for the sum of $2 million, the fair market value of the inventory. The terms of the sale provided that Shelly would pay Kiwi Corporation the $2 million at some future date. This debt obligation was not evidenced by a promissory note, and to date, Shelly has made no payments (principal or interest) on the obligation. The inventory transfer was not reported on Kiwi’s 2011 tax return, either as a sale or a distribution. After the transfer of the inventory to Shelly, Kiwi Corporation had no remaining assets and ceased to conduct any business. Kiwi did not formally liquidate under state law. Upon an audit of Kiwi Corporation’s 2011 tax return, the IRS asserted that the transfer of inventory constituted a liquidation of Kiwi and, as such, that the corporation recognized a gain on the liquidating distribution in the amount of $800,000 [$2 million (fair market value) - $1.2 million (inventory basis)]. Further, because Kiwi Corporation is devoid of assets, the IRS assessed a tax due from Shelly for her gain recognized in the purported liquidating distributi...
Fred Korematsu was born in the U.S. in 1919. His parents were born in Japan. Since he was born in the U.S. he was a citizen. He grew up like a normal kid in California. As he grew up, his life was normal, until the attack on Pearl Harbor on December 7, 1942.
The multinational pharmaceutical firm, Wellcome PLC, brought a product to the market to help treat the symptoms of AIDS and HIV. Wellcome PLC owns an American subsidiary known as the Burroughs Wellcome Company. In 1987, Burroughs Wellcome Company received FDA approval to sale Retrovir, which interferes with the ability of HIV infected cells to produce new virus. Burroughs Wellcome Company finds itself under siege in September 1989 by AIDS activists and various segments of the U.S. government. Despite two reductions in price in the last two years, Burroughs Wellcome Company’s executive management is under unrelenting pressure to decrease the price of Retrovir so that many more people can afford the prescription.
Mr. Pharaon a Saudi businessman was indicted on 1991 as well as Mr. Milken on 1989 was indicted of racketeering and securities violations. Drexel Burnham Lambert has settled criminal and civil securities charges.
LJM employees used Enron office space and were on its phone system. When a call came from LJM, Enron employees would have no reason to know the person on the line was representing LJM unless he or she said so. In mid-2000, as Enron Broadband Services was negotiating to sell some fiber-optic cable to LJM2, an LJM2 employee named Anne C. Yaeger called the Enron unit and grilled it about Enron's valuation of the cable, without identifying herself as an LJM staffer, according to a former employee familiar with the matter.
The subject, later identified as Jaime Marie Covine-Morrison, stated that she intended to purchase the merchandise with $800 in cash. However, Covine-Morrison then advised me that she "dropped the cash" in the store somewhere. Covine-Morrison could not explain why she was
After discussion with the FBI, the investigator interviewed Montes. She responded appropriately to explain several points at issue but clearly lied about a phone call that prompted her to leave early from a meeting at the Joint Chiefs of Staff during a critical point in in Cuban-American relations. However, there were several potential explanations for such a lie, and this was not enough to make a persuasive case for a FBI investigation of a widely respected analyst with no personal problems who had passed a routine polygraph examination just two years
Somalia vs United States Somalia, which is about the size of Texas, is a small country located in Eastern Africa, next to the Indian Ocean. The United States, which is located in the Western Hemisphere, is bordered by Mexico and Canada and is between the Pacific and Atlantic Oceans. Separated not only by the Atlantic Ocean, Somalia and the United States are also separated by the differences in economies and populations. These two countries that are quite opposite in size have some similarities in their governments and education systems. Somalia is one of the world’s poorest and least developed countries (Campbell).
Everywhere you look, there she is. Martha Stewart has invaded every avenue of domesticity. Her "radiant presence... seems to be infinite, like that of the Almighty, or of Starbucks" (Lippert & Ferguson: 26*) The outposts of her "omnimedia empire" are quite fortified (Africannet page). Reigning over a vast technical spectrum, her multi-million, multi-media kingdom includes a magazine with a circulation of 1.2 million, a syndicated column, and a TV show with audience of 5.3 million, but she does not have an official web site (Lippert & Ferguson: 26). There are numerous webpages that fans and foes have dedicated to her.
Miss Cline, on top of having a motive, she lied to the interrogator. Now being the daughter of a commissioner, I know Betsy has
Have you heard of Kent vs. United States? A 16-year-old African American boy by the name of Morris A. Kent Jr., was tried as an adult for assault charges of multiple home burglaries, robberies, and rapes. Police detained Morris and took him into court trial. In 1966, racism became a whole new meaning in the Superme Court, and this case is one of the key reasons why racism is still alive in the United States. Teenagers can be tried as adults after several convictions, but what you don’t know is that teenagers can be sentenced to life in prison after the crime of homicide.
The ideology of Edmund Burke and John Stuart Mill were some very widely known and very well accredited philosophers that influenced a large majority of the people and how they thought about certain things. Edmund Burke has been seen as the father of conservatism, (Harris, 2010) which is the belief in the value of established and traditional practices in politics and society. (Merriam-Webster, 2013) Second, were his thoughts and concerns about the religious aspects of society, and how if we have too many it could lead to problems. On the other hand there is John Stuart Mill who believed in the ideology of liberty, which was one that suggests that absolute power for the state is not the correct path to follow, but that individual freedom is. Additionally Mill has been known as a great believer in utilitarianism as well as a follower and fan of Jeremy Bentham, therefore his thought was the belief that a morally good action is one that helps the greatest number of people. (Merriam-Webster, 2013)
Narsapur vs. America This Women’s Studies Senior Seminar class provides the opportunity to read about many cross-cultural issues pertaining to women. In the article, “Women Workers and Capitalist Scripts: Ideologies of Domination, Common Interests, and the Politics of Solidarity” by Chandra Talpade Mohanty, issues of “poor women workers in the global capitalist arena” (3) are addressed. Mohanty focuses on the plight of exploited, poor Third-World women. She illuminates specific issues that relate to the transformation of developing countries to capitalism. Mohanty’s article is split up into sections, the section that I want to focus on in order to compare key issues between Narsapur and America is called “Housewives and Homework: The Lacemakers of Narsapur”.
The tactics used by the police while investigating the murder and rape of Michelle Bosko were coercive; the men claim they were interrogated for hours, threatened with the death penalty, and lied to in order to obtain the confessions. One of the men, Derek Tice, claims that while being questioned by the police he asked to speak to a lawyer only to have his request ignored a clear violation of his rights. Original suspect, Danial Williams, describes being questioned for eight hours by Detective Evans only to have Detective Ford brought in when Evans attempts to obtain a confession fail. With the use of such interrogating tactics each of the men confesses to the crime. When inaccuracies in their statements were found, such was the case in Danial Williams’ original confession when he claims that he beat Ms. Bosko with a shoe, the police interrogate him again nudging him towards a more possible explanation and
The case under analysis, Eli Lilly & Company, will be covering the positives and negatives with regards to the business situation and strategy of Eli Lilly. One of the major pharmaceutical and health care companies in its industry, Lilly focused its efforts on the areas of "drug research, development, and marketed to the following areas: neuroscience, endocrinology, oncology, cardiovascular disease, and women's health." Having made a strong comeback in the 1990's due to its remarkably successful antidepressant Prozac, was now facing a potential loss in profits with its patent soon to expire. The problem was not only the soon to expire patent on Prozac, but the fact that Prozac accounted for as much as 30% of total revenue was the reality Eli Lilly now faced. (Pearce & Robinson, 34-1)