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Metropolis Reality Forums Ť Martha Stewart: Guilty on all 4 counts ť

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   Martha Stewart: Guilty on all 4 counts

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Topic: Martha Stewart: Guilty on all 4 counts (Read 280 times)

MzWings
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Martha Stewart: Guilty on all 4 counts
« on: Mar 5^th, 2004, 2:05pm »

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News is just now being given out bit by little bit. Apparently this means she WILL be going to prison plus huge fines of at least $750 thou.

ABC/B R E A K I N G N E W S
Martha Guilty

Jurors have found Martha Stewart guilty on four criminal counts. The domestic guru was accused of lying about a 2001 stock sale.

Martha Stewart arrives at court in New York on Friday morning

« Last Edit: Mar 5^th, 2004, 2:26pm by MzWings »

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Boradamer
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Re: Martha Stewart: Guilty on all 4 counts
« Reply #1 on: Mar 5^th, 2004, 2:18pm »

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On my next show I will show you how to make a nice dinner setting with items I found in the prison yard.

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Rhune
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Re: Martha Stewart: Guilty on all 4 counts
« Reply #2 on: Mar 5^th, 2004, 2:22pm »

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Stewart found guilty

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

March 5, 2004: 3:15 PM EST

NEW YORK (CNN/Money) - 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.

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MzWings
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Re: Martha Stewart: Guilty on all 4 counts
« Reply #3 on: Mar 5^th, 2004, 2:39pm »

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http://www.marthatalks.com/

Dear Friends:

As my trial nears its conclusion, I am hopeful and optimistic that I will be exonerated and able once again to devote my full attention to developing and promoting the creative homekeeping ideas that so many loyal customers and supporters have come to rely on for inspiration in their own kitchens, gardens and craft rooms.

I'm pleased that the judge has dismissed the most serious of the charges against me, concluding that there is no evidence to support it. The full text of that ruling is available here. As part of my promise to keep you informed about key developments, I have also posted the full text of the closing argument on my behalf as well as recent op-eds.

I want to thank all of you again -- and particularly those who have written to me with such kind words and allowed me to post them here -- for your support and encouragement.

Sincerely,

(signature)

Martha Stewart

« Last Edit: Mar 5^th, 2004, 2:42pm by MzWings »

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avsfanbuck
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Re: Martha Stewart: Guilty on all 4 counts
« Reply #4 on: Mar 5^th, 2004, 2:52pm »

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How many years is she gone? She is 62 WOW, and what a cheesey letter.

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Rhune
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Re: Martha Stewart: Guilty on all 4 counts
« Reply #5 on: Mar 5^th, 2004, 3:35pm »

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Probably none. She's a celebrity, so she'll get a fine, probation and community service....

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lakelady
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Re: Martha Stewart: Guilty on all 4 counts
« Reply #6 on: Mar 5^th, 2004, 5:35pm »

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On my next show I will show you how to make a nice dinner setting with items I found in the prison yard.

However, I'm with Rhune. I seriously doubt she will serve time. On the other hand, whoever would have thought Martha Stewart would ever be a convicted felon.

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Dixie
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Re: Martha Stewart: Guilty on all 4 counts
« Reply #7 on: Mar 5^th, 2004, 8:44pm »

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My understanding is that some of the charges carry minimum jail times, so I think she will do some time. Probably 18 months in a country club prison and a HUGE fine.

The broker will probably get 5 years.

I don't understand why it takes til June to sentence them. How ridiculous is that? Huh

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Rhune
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Re: Martha Stewart: Guilty on all 4 counts
« Reply #8 on: Mar 5^th, 2004, 8:57pm »

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VERY

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Bumper
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Re: Martha Stewart: Guilty on all 4 counts
« Reply #9 on: Mar 5^th, 2004, 10:12pm »

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on Mar 5^th, 2004, 8:44pm, Dixie wrote:

I don't understand why it takes til June to sentence them. How ridiculous is that? Huh

I would suspect that she will receive the same 90 day period for a 'Pre-sentencing report', for presentation to the Judge. This is done with every convicted defendant.

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Magnum_PI
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Re: Martha Stewart: Guilty on all 4 counts
« Reply #10 on: Mar 11^th, 2004, 3:28pm »

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Since they are Federal charges they do carry a minimum Jail term, she CANNOT just walk with at fine. I am betting on 24 mnths & a 1 million

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MzWings
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Re: Martha Stewart: Guilty on all 4 counts
« Reply #11 on: Mar 11^th, 2004, 6:46pm »

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on Mar 11^th, 2004, 3:28pm, Magnum_PI wrote:

Since they are Federal charges they do carry a minimum Jail term, she CANNOT just walk with at fine. I am betting on 24 mnths & a 1 million

Four counts @$250 thou per = one cool mil! That's a given. Then there will be court/legal fees, etc.

I can't imagine she'll get away without at least one year in prison. Maybe the judge will deliver a one year per count = 4 years. Even six mos per would be two years.

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"Senility Prayer"...God grant me...
The senility to forget the people I never liked
The good fortune to run into the ones that I do
And the eyesight to tell the difference."

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