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So why didn't they bring that case?

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It was a much easier case to get her for lying to the investigators. It is a common prosecutor tactic to go after a target for perjury or lying to federal investigators rather than for a murky underlying offense. The Barry Bonds indictment is an example of this.

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Or it could be that they had no evidence to speak of, which was the consensus of the pundits at the time.

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The feds flipped the broker's assistant and he would have testified that he told Martha that insiders were selling. This is certainly evidence, but it is far from rock solid given his motives.