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Martha Stewart found guilty


I give up. This board is too hard to understand.
:lol: :lol: :lol: :lol: :lol: :lol:


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.

Martha's New Anthem:

I hear the train a comin'
It's rollin' 'round the bend,
And I ain't seen the sunshine,
Since, I don't know when,
I'm stuck in Federal Prison,
And time keeps draggin' on,
But that train keeps a-rollin',
On down to San Quinton.

When I was just a baby,
My Mama told me, "Sweet Goldie Locks,
Always be a good girl,
Don't ever play with stocks,"
But I sold a security in the City,
Just to have some fun,
When I hear that whistle blowin',
It's time to wet my tounge.

I bet there's rich folks eatin',
In a fancy dining car,
They're probably drinkin' coffee,
And smokin' big cigars,
But I know I had it comin',
I know I can't be free,
But those people keep a-movin',
And that's what tortures me.

Well, if they freed me from this prison,
If that railroad train was mine,
I bet I'd move out over a little,
Farther down the line,
Far from Federal Prison,
That's where I want to stay,
And I'd let that lonesome whistle,
Blow my Blues away.

Sorry Johnny Cash
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I'm no fan of Martha's, but she really got screwed here. I think most people if their brokers called and said "insiders are selling their shares" would sell theirs too. $50k shouldn't be worth prison time. It sounds like she would be doing less time if she robbed a bank for 50k! Of course she'd get caught at that too....

"The hold-up note was gently embossed and written with berry juice ink on homemade rice-paper."
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Prison guard: "here is your lunch, eat it quick"
Martha: "You made this bologna sandwich all wrong"
Prison guard: "shut up and eat it!"
Martha: "this doesn't taste home made, and the presentation, looks horrible"
Prison guard: "Bitch I said eat the sandwich or you will be sorry"
Martha: "The atmosphere in here is dreadful"
Prison guard: "That's why it's called a Prison Bitch, not shut up and eat your damn sandwich"
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