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The Martha Stewart Scandal

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The Martha Stewart Scandal
Scandals: Martha Stewart and the ImClone Insider Trading Deal

A very famous scandal that has embedded ourselves in our history is the Martha Stewart scandal of 2003. Martha Stewart is a true success story of the American dream in effect. Starting as a housewife, Martha created her career by turning her previous business experience and career into a household name and an enterprise. Having established Martha Stewart Living Omnimedia, Inc. (MSO), which handled everything from print to television to merchandising, with her business partner Sharon Patrick in 1997 the company went public in October of 1999. She became entangled in an insider trading scandal only 4 years later. Stewart was advised by her stock broker, Peter Bacanovic, that
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