Witness against Martha Stewart charged w

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Registered: 03-23-2003
Witness against Martha Stewart charged w
7
Fri, 05-21-2004 - 3:16pm
Witness against Martha Stewart charged with perjury

http://www.king5.com/business/stories/NW_052104BUBmarthastewartwitnessLJ.1e3df0aba.html

11:39 AM PDT on Friday, May 21, 2004

Associated Press










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AP File photo
Martha Stewart , chairman and CEO Martha Stewart Living Omnimedia, June 4, 2003.

NEW YORK - Federal authorities charged a government witness from the Martha Stewart trial with perjury on Friday, accusing him of giving false testimony.


Prosecutors said they discovered two false statements made on the stand by Larry F. Stewart, a national ink expert who works at the Secret Service. Martha Stewart was convicted March 5 for lying about why she sold 3,928 shares of ImClone Systems stock in 2001, just before the stock price plunged. She is expected to be sentenced June 17, and faces 10 to 16 months in prison.


Shares in Martha Stewart Living Omnimedia Inc. jumped 15 percent Friday afternoon after the news report broke that a government witness against the domestic entrepreneur in her obstruction of justice trial would be charged with perjury.


Martha Stewart shares rose $1.27 to $9.82 in trading on the New York Stock Exchange.

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Avatar for baileyhouse
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Registered: 03-26-2003
Fri, 05-21-2004 - 3:42pm
I also read that this probably won't make much impact on her case...I find that hard to believe.

http://story.news.yahoo.com/news?tmpl=story&ncid=&e=4&u=/ap/20040521/ap_on_bi_ge/martha_stewart_15
iVillage Member
Registered: 03-23-2003
Fri, 05-21-2004 - 5:17pm

From your link:

Bacanovic was cleared on the only charge related to the worksheet — a charge that he added an "at 60" notation to support a cover story for why Martha Stewart sold the stock.


Larry Stewart's testimony was intended to show that the "at 60" ink was different from ink Bacanovic used on other marks on the worksheet.


The government said it had uncovered eight separate false statements made by Larry Stewart on the stand about two subjects: that he participated in an August 2002 examination of the worksheet, and that he was familiar with a book proposal on ink analysis.


The government asserted that Stewart, who is no relation to Martha, actually had no knowledge of the proposal.


Larry Stewart surrendered to federal agents earlier in the day and was expected to appear in court later Friday.


I agree.


iVillage Member
Registered: 03-18-2000
Fri, 05-28-2004 - 12:45pm

They're trying everything to get a re-trial.


They found one of the jurors lied about a conviction he'd had. Wonder what happened to that?

cl-Libraone~

 


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Avatar for baileyhouse
iVillage Member
Registered: 03-26-2003
Fri, 05-28-2004 - 12:49pm
Personally, I found the whole thing rather stupid. What I found odd was the fact that the Government tried to give her a slap on the hand but she chose a trial. My guess is that was her ego talking.
iVillage Member
Registered: 03-18-2000
Fri, 05-28-2004 - 12:53pm

When the stock trade was discovered if she'd admitted it she would have just been fined.


Instead she chose to lie & cover it up. Like you said, ego.

cl-Libraone~

 


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iVillage Member
Registered: 09-05-2003
Fri, 05-28-2004 - 1:31pm

When the stock trade was discovered if she'd admitted it she would have just been fined.


Instead she chose to lie & cover it up. Like you said, ego.


I think it wasn't the fine she was afraid of or her "ego."

iVillage Member
Registered: 03-18-2000
Fri, 05-28-2004 - 2:12pm
She was on the board of the stock exchange at that time too. "Oh what a wicked web we weave.........."
cl-Libraone~

 


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