Perhaps the BEST B1G Forum anywhere, here at College Football Fan Site, CFB51!!!

Not for insider trading, although she most likely did engage in it. She went to prison for lying to the FBI. She claimed that sale of all (I think, or nearly all) of her stock in the company, the day before an FDA announcement that crippled the company's value was the result of a plan with her broker that if the stock fell below a certain amount, they would sell it. But there was no written record of such an agreement, and another witness testified that it was made up after the government started to investigate. She was good friends with a board member who also sold much of his stock at the same time, as did several other board members. The timing of those sales, just before the FDA announcement, had all the indicia of insider trading, i.e., dumping their stock because they knew something about it--that the FDA was about to crush the stock's value--that the public did not.

She later invoked the 5th amendment (or promised to) when questioned about her role. Unfortunately for her, she had already told the FBI a story that was dismantled in court, so she was convicted of lying to the FBI and obstructing their investigation. A classic tale about why you should check with your lawyer before responding to a government investigator's questions. If I remember correctly, the court threw out the insider trading claim against her for a lack of evidence.