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02/11/12
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July,
22, 2004 Neither Stewart nor Fischer, however unattractive their private lives may be, should be facing prison time or other legal sanctions. Stewart was convicted of lying to government investigators. According to the indictment, she told investigators that she sold about 4,000 shares in a pharmaceutical company in 2001 because she had arranged with her stock broker to sell when the price fell below a certain level. The government persuaded a jury that in fact she sold because her broker tipped her off that the company’s CEO was suddenly trying to sell all his shares. (The CEO had gotten advance word that the Food and Drug Administration was about to turn down his application for an anticancer drug. The FDA has since changed its mind about the drug.) Stewart’s case is often reported as involving insider trading. But Stewart was not an insider, and the government never brought that charge against her. Thus she was charged with lying, while not under oath, about something she did that was not illegal. For this she is facing nearly half a year in prison, followed by confinement at home, and a fine. U.S. attorneys possess powers that would put the Inquisition and Star Chamber to shame. Insider trading is a hopelessly vague legal concept that has been applied in bizarre cases. Whether or not Stewart lied when she spoke to investigators, it is certain that she knew she was entering a legal Twilight Zone in which anything she said could be used against her. She would have been better off saying nothing, but that does not change the fact that the government has the abusive power to go on fishing expeditions. It can question people in search of charges and then hit them with an "obstruction of justice" charge for their answers even though no evidence of actual wrongdoing is turned up. The Stewart case is a travesty of justice. Fischer’s case, if anything, is even worse. In 1992 the eccentric Fischer, who is given to making morally outrageous statements about Jews and the 9/11 attacks, traveled to Yugoslavia to play a chess match against the man he beat for the championship 20 years earlier, Boris Spassky. (He won again.) At the time, the United Nations had U.S.-supported sanctions in place against Yugoslavia, which was ruled by Slobodan Milosevic and was in the midst of civil war. Fischer was charged with trading with the enemy. As the U.S. government put it in a letter to him in 1992, "We consider your presence in Yugoslavia for this purpose to be an exportation of services to Yugoslavia in the sense that the Yugoslav sponsor is benefiting from the use of your name and reputation." For this he may face a decade behind bars. In a free society, the government may not tell people where they can travel. Fischer did not go to Yugoslavia to plot attacks against Americans. He went to play chess. Neither the U.S. government nor the UN had legitimate authority to interfere. Once again we have a case in which the government refuses to let peaceful citizens alone. Whatever one thinks of Fischer’s past conduct or inflammatory statements, he has done nothing deserving of criminal indictment and imprisonment. If we measure a society’s decency by how much or little its government harasses people who have not aggressed against others, the United States is hurtling in an ominous direction
Mr. Hornberger is founder and president of The Future of Freedom Foundation. Send him email.
Sheldon Richman is senior fellow at The Future of Freedom Foundation in Fairfax, Va., author of Tethered Citizens: Time to Repeal the Welfare State, and editor of The Freeman magazine. The Future of Freedom Foundation.
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The Padilla Doctrine Doesn't Infringe on Freedom--It Destroys It The Fraud of Physician-Assisted Suicide How Hitler Became a Dictator by Jacob G. Hornberger Complete Archives for The Future of Freedom Foundation |
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