General Discussion

She was convicted of conspiracy to obstruct, of obstruction of an agency proceeding, and of making false statements to federal investigators. She was not charged criminally for insider trading, but rather for making materially false statements to her own investors about why she sold ImClone shares. That charge -- securities fraud -- was dismissed before trial. She was separately named in a civil case brought against her for charges that included insider trading. Those charges were settled two years later by the payment of a fine of $195,000 and her agreement to a five-year ban on serving as a director, or as any other officer responsible for preparing, auditing, or disclosing financial results, of any public company.