Martha Stewart Guilty!

Avatar for catwoman1977
iVillage Member
Registered: 09-28-2003
Martha Stewart Guilty!
83
Fri, 03-05-2004 - 3:11pm

WOW!  I guess I'm surprised Martha Stewart was found guilty on all four counts.  I figured she'd get a slap on the wrist, at most.   Anyone think she'll do jail time?   Is this a *good thing* ?  


Cat    :)


Photo Sharing and Video Hosting at Photobucket

  
 <

Pages

iVillage Member
Registered: 09-24-2003
Fri, 03-05-2004 - 3:47pm
I confess that I haven't followed the trial all that closely, but from what I heard, I am really surprised that she was convicted. And I never thought I'd say this, but I feel
iVillage Member
Registered: 03-18-2000
Fri, 03-05-2004 - 3:56pm

Looks like there's a possibility MS will serve some time.


Jury finds the style maven guilty on all four counts against her in obstruction of justice trial.


http://money.cnn.com/2004/03/05/news/companies/martha_verdict/index.htm?cnn=yes


A jury found Martha Stewart guilty on all four counts against her in her obstruction of justice trial Friday.


Her ex-broker Peter Bacanovic was found guilty on four of the five charges he faced.





The jury deliberated for three days after a five-week trial before reaching its verdict.


The panel of eight women and four men began deliberating Wednesday on whether Stewart and her ex-broker, Peter Bacanovic, obstructed justice and lied to the government about her sale of ImClone stock in December 2001.


Stewart, 62, was charged with conspiracy, obstruction of justice and two counts of making false statements – charges that together carry a penalty of up to 20 years in prison.


Bacanovic, 41, had been charged with making false statements, making and using false documents, conspiracy, perjury and obstruction of justice – with a maximum prison term of 25 years.


He was acquitted on the making and using of false documents charge.


Prosecutors argued that Stewart sold her ImClone stock only after Bacanovic told his assistant to tip her off that ImClone founder Sam Waksal was trying to sell. Stewart and Bacanovic had told investigators they had an arrangement to sell once the stock fell to $60.


Bacanovic was broker to both Stewart and Waksal, who is serving a seven-year prison term after pleading guilty to securities fraud over his family's sale of ImClone shares.


Bacanovic's former assistant, Douglas Faneuil, the government's star witness in the case, testified that his boss ordered him to pass an inside tip about ImClone to Stewart.


Despite the intense publicity surrounding the trial – the most closely watched of the recent corporate fraud cases – the stock trade at its center involved a relatively small amount of money.

cl-Libraone~

 


Photobucket&nbs

Avatar for madisonkl
iVillage Member
Registered: 03-28-2003
Fri, 03-05-2004 - 4:09pm
It is about time a celebrity is convicted of their wrongdoing. They soon have to learn they are not above the law. What she did is not right..millonaire or not!!!

Good News!!!!

Avatar for catwoman1977
iVillage Member
Registered: 09-28-2003
Fri, 03-05-2004 - 4:11pm

Seeing it laid out like that is pretty impressive.


Photo Sharing and Video Hosting at Photobucket

  
 <
iVillage Member
Registered: 02-27-2004
Fri, 03-05-2004 - 4:49pm
What Did She Really do Wrong?

The insider trading charges were thrown out.

She was made an example of becuase she's a female with power. now i was never a fan, but i am a supporter. enron hurt many more people but nothing happend to them and former president clinton commited perjury as well but nothing happened to him. I think her biggest mistake was having a jury trial instead of a bench trial seeing as to how she's not the most popular person in the world, Just my opp.
iVillage Member
Registered: 03-26-2003
Fri, 03-05-2004 - 5:06pm
She lied and tried to cover it all up. I had a feeling she would be convicted when her secretary said that she went in and erased a message from the broker but then put in back on there. Why would she feel the need to erase something if she did not do anything wrong? Then she told her friend how nice it was to have a broker that tells you these things. Both witnesses were apparently very reluctant to testify (crying on the stand) so I think that made them even more credible. Plus I think one thing that made this so bad was that she used to be a stock broker. She knew it was illegal. If it had been someone like me (who knows absolutely nothing about stocks and how that works) I think they wouldn't have been so hard on her. I feel bad for her though. I was stunned to see that she was convicted of all counts. If she does get time I hope it is very short. I think just going through the trial has taught her a lesson......
iVillage Member
Registered: 03-23-2003
Fri, 03-05-2004 - 5:28pm

She broke the law and should be subjected to some kind of punishment.


iVillage Member
Registered: 02-27-2004
Fri, 03-05-2004 - 5:31pm
but as Clinton demonstrated lying is not a crime in this country anymore. Do you think she would have been treated diffrently had she been a man?

iVillage Member
Registered: 03-23-2003
Fri, 03-05-2004 - 5:55pm
Actually, 'lying' has never been a crime in and of itself...unless you're lying about something that relates to a crime.

Avatar for moon627
iVillage Member
Registered: 03-26-2003
Fri, 03-05-2004 - 6:10pm
our current president lies all the time and no one seems to care ;) well, Leona Helmsly did time for her crime so we shouldnt be surprised that there is no sympathy for a rich woman. i am sorry for Martha and i've always admired her regardless of her cold calculating demeanor. whatever her punishment i think she will bounce back and we will support her.

Pages