Everybody has heard of Martha Stewart. You probably have never heard of John Youngdahl. Stewart's the one who created a homemaking empire called Martha Stewart Living Omnimedia. But then she got involved in an insider trading scandal. Back in June, she had to resign as chairman and CEO of the company she founded. The resignation followed a federal indictment that claimed she and her former stockbroker lied to investigators who were probing her profitable sale of ImClone stock. So the case is about lying to Securities Exchange Commission investigators. The indictment came a year after it was revealed that Stewart sold 3,928 shares of ImClone, which netted Stewart about $229,000. The sale came one day before a federal regulatory ruling that sent ImClone shares tumbling. The U.S.Food and Drug Administration rejected ImClone's application for a cancer drug called Erbitux.
GARY GERARD, Times-Union Managing Editor- | July 28, 2016