NorthWest Biotherapeutics Inc (NWBO)

[biosectinvestor]

The SEC is always more powerful against individuals. That’s not the SEC’s fault. Look to Congress if you want to see real enforcement power and substantial fines imposed. Much of Congress and intermittently Presidents, are against “too much enforcement”. So their hands are tied. But yeah, against individuals, they can seem formidable.

Martha’s problems were multiple. They wanted to make an example out of her for numerous reasons not all related to stock trading in ImClone. And she covered up the crime. Had she not done that, she would not have gone to prison. I honestly think she is otherwise a good person. People make mistakes. She was scared and people do stupid things when they are scared and those Waksal guys were not the best guys. I could not believe their history when I heard it later. I knew people close to them that tried to get me into that company and those friends made a lot of money and often seemed to think they had inside information, though a lot of it never panned out. I was never interested because it all seemed shady and crooked. I wanted nothing to do with it.