American businesswoman and TV personality Martha Stewart was caught insider trading in 2001.
According to the Securities and Exchange Commission (SEC), she sold nearly 4,000 shares of ImClone Systems stock based on insider information from her Merrill Lynch broker Peter Bacanovic. The day after her sale, the value of the stock declined dramatically.
Following a six-week trial in 2004, Stewart was sentenced to five months in a federal prison in West Virginia and two years of supervised release, which included five months of electronic monitoring. Additionally, the star was fined $30,000, which is around $48,300 (£40k) today.
"It was horrifying, and no one – no one – should have to go through that kind of indignity, really, except for murderers, and there are a few other categories", said Stewart of her time in prison during a 2017 appearance on former Today anchor Katie Couric’s podcast.