[ noun ] any diversion intended to distract attention from the main issue
Used in print(Doris Miles Disney, Mrs. Meeker's Money....)
And it makes a very poor red_herring for an inside_job .
[ noun ] (writing) a first draft of a prospectus; must be clearly marked to indicate that parts may be changed in the final prospectus
"because some portions of the cover page are printed in red ink a preliminary prospectus is sometimes called a red herring"