I agree with mc mark. She received undo attention because of her show, and I truly believe because she is a successful businesswoman.
http://abcnews.go.com/wire/Business/ap20040305_1223.html Martha Stewart Found Guilty on All Counts in Stock-Trading Trial; Ex-Broker Guilty on All but One NEW YORK March 5 — Martha Stewart was convicted Friday of obstructing justice and lying to the government about a superbly timed stock sale, a devastating verdict that probably means prison for the woman who epitomizes meticulous homemaking and gracious living. The jury of eight women and four men deliberated three days before convicting Stewart of all counts against her. The charges carry up to 20 years in prison, but Stewart will most certainly get much less than that under federal sentencing guidelines. Her ex-stockbroker Peter Bacanovic, 41, was convicted on all but one count against him. The charges centered on why Stewart dumped about $228,000 worth of ImClone Systems stock on Dec. 27, 2001, just a day before it was announced that the Food and Drug Administration had rejected ImClone's application for approval of a cancer drug, an announcement sent ImClone's stock plummeting. Stewart and Bacanovic claimed they had a standing agreement to sell when the price fell below $60. But the government contended that was a phony cover story and that Stewart sold because she was tipped by her broker that ImClone CEO Sam Waksal was frantically trying to dump his own holdings.
I have not followed the case, but if someone had told me what was going to happen, I'm pretty sure I would have done the same thing. How do you not dump the stock and just sit on your fingers.
Scapegoat. And all for what amounted to lunch money for her. Agree with mcmark -- kenny lay should be lynched.
i had no idea that she even had a chance to be found guilty. i guess im just really used to famous people getting off. is this a precursor to kobe bryant...? and other people of their stature.
She'll get a little slap on the pee-pee, don't do it again... A year at most in Club Fed, then it is back to TV for her.
She's guilty and she should pay the price. I'm appalled at the fact that Ken Lay -- who committed crimes that were *literally* millions of times worse -- is relaxing on a beach somewhere, but that has to do with the f*cked up system, not Martha Stewart.
I am somewhat surprised as famous people usually get off...If she did the crime, she should do the time, but I'm guessing she'll get a slap on the wrist, maybe a year...
i think those charges were dropped...she was found guilty along the lines of the cover up after the fact, i think. i haven't followed this case very closely, frankly...
