The W
Views: 119975511
Main | FAQ | Search: Y! / G | Color chart | Log in for more!
20.1.10 1416
The 7 - Current Events & Politics - Martha Stewart Guilty on All Counts Register and log in to post!
(1306 newer) Next thread | Previous thread
User
Post (15 total)
Grimis
Scrapple
Level: 127

Posts: 2900/4700
EXP: 23473750
For next: 252881

Since: 11.7.02
From: MD

Since last post: 2089 days
Last activity: 544 days
#1 Posted on 5.3.04 1406.05
Reposted on: 5.3.11 1406.47
Still smells fishy....

* * * * * *
Jury finds Martha Stewart guilty on all counts
The Associated Press
Originally published March 5, 2004

NEW YORK -- A jury found homemaking icon Martha Stewart guilty today of obstructing justice and lying to the government about a superbly timed stock sale.

Shares of Martha Stewart Living Omnimedia jumped in early afternoon trading as word spread of the verdict, with investors apparently betting that she would be acquitted. The stock jumped $1.63, or 12 percent, to $15.66 within a half hour of the reports.

Her company, which announced its earnings Thursday, swung to a profit in the fourth quarter, but took a loss for the year. Many analysts believe the future of the company hinges on the trial, since her public image is tied so closely to the company's marketing.

The verdict came on the third day of deliberations in the case. Extra security was seen outside the Manhattan federal courthouse where the trial was being held.

Earlier Friday, the judge in the case ruled that jurors have sufficient evidence to decide whether Stewart's former stockbroker, Peter Bacanovic, committed perjury.

The testimony of Stewart's assistant, Ann Armstrong, and a telephone message log she kept are enough to meet the high standards of evidence to convict a defendant of perjury, U.S. District Judge Miriam Goldman Cedarbaum said.

Bacanovic is accused of lying under oath about a message he left for Stewart on Dec. 27, 2001, the day she sold ImClone Systems stock.

Bacanovic told the Securities and Exchange Commission in 2002 that the message simply relayed ImClone's stock price. But Stewart's assistant recorded the message as: "Peter Bacanovic thinks ImClone is going to start trading downward."

To convict a defendant of perjury, jurors must rely on the testimony of two witness or on one witness whose story is supported by a document.

A focus on Bacanovic in the jury's notes shows only that they are considering the charges against him -- not which way the jury may be leaning.

And it by no means indicates they are focusing more on him than on the counts against Stewart, who is charged with lying to investigators about her ImClone sale on Dec. 27, 2001.

Stewart and Bacanovic say they had agreed earlier to sell the stock when its price fell below $60 per share.

The jury still must decide on other legal questions, including whether Bacanovic intentionally gave false testimony about the message.

Bacanovic lawyer Richard Strassberg strongly objected to the ruling, saying the judge was essentially allowing jurors to reach a perjury conviction based on one witness' testimony.
Promote this thread!
redsoxnation
Scrapple
Level: 156

Posts: 3412/7534
EXP: 47581589
For next: 908139

Since: 24.7.02

Since last post: 1299 days
Last activity: 1299 days
#2 Posted on 5.3.04 1410.28
Reposted on: 5.3.11 1410.28
I thought when the judge threw out the big count a few days ago she was going to get off completely. Gee, Martha getting sent to the Big House. HaHaHaHaHa.
ThreepMe
Morcilla
Level: 54

Posts: 502/641
EXP: 1198400
For next: 35477

Since: 15.2.02
From: Dallas

Since last post: 4521 days
Last activity: 4180 days
#3 Posted on 5.3.04 1449.29
Reposted on: 5.3.11 1450.07
    Originally posted by redsoxnation
    I thought when the judge threw out the big count a few days ago she was going to get off completely. Gee, Martha getting sent to the Big House. HaHaHaHaHa.



I would like to add to the gratuitous laughter...

MUHAHAHAHAHAHAHAHA!!!

Oh, ok, I'm done.
The King of Keith
Lap cheong
Level: 79

Posts: 815/1573
EXP: 4494789
For next: 84698

Since: 4.11.02
From: Winchester, VA

Since last post: 770 days
Last activity: 769 days
AIM:  
#4 Posted on 5.3.04 1452.12
Reposted on: 5.3.11 1455.20
Hmmm...first time offender most likely, good record... Sadly, I can't see her doing any major time. I wouldn't be surprised if the whole sentence gets suspended.
JoshMann
Andouille
Level: 90

Posts: 474/2159
EXP: 6959769
For next: 228867

Since: 17.11.03
From: Tallahassee, FL

Since last post: 3112 days
Last activity: 3110 days
AIM:  
Y!:
#5 Posted on 5.3.04 1458.55
Reposted on: 5.3.11 1459.01
    Originally posted by VanillaSky
    Hmmm...first time offender most likely, good record... Sadly, I can't see her doing any major time. I wouldn't be surprised if the whole sentence gets suspended.


Which would be a shame, cause it would be fun to see the episode of Living where she makes a shank out of a spatula and an embroidery.



(edited by Blanket Jackson on 5.3.04 1600)
PalpatineW
Lap cheong
Level: 79

Posts: 1036/1528
EXP: 4428363
For next: 151124

Since: 2.1.02
From: Getting Rowdy

Since last post: 3650 days
Last activity: 3493 days
AIM:  
#6 Posted on 5.3.04 1514.31
Reposted on: 5.3.11 1514.33
This is just like the Clinton thing, except they let Clinton off the hook. Ridiculous. We'll let the freakin' President get away with crap, but we better bring down Martha!
James F'n X
Bockwurst
Level: 53

Posts: 541/603
EXP: 1097841
For next: 59285

Since: 2.1.02
From: Seattle, WA

Since last post: 3906 days
Last activity: 3873 days
AIM:  
#7 Posted on 5.3.04 1605.18
Reposted on: 5.3.11 1605.22
Except that Martha was convicted and the impeachment on Clinton failed.

In fact, there are very few similarities to those situations at all.
JayJayDean
Scrapple
Level: 128

Posts: 983/4750
EXP: 24272416
For next: 109350

Since: 2.1.02
From: Seattle, WA

Since last post: 361 days
Last activity: 15 hours
AIM:  
Y!:
#8 Posted on 5.3.04 1605.43
Reposted on: 5.3.11 1605.45
Maybe Bill & Hillary simply did a better job of getting away with it than Martha. (Her conviction not withstanding as proof of the obvious.)
DJ FrostyFreeze
Knackwurst
Level: 112

Posts: 1390/3461
EXP: 15096337
For next: 241916

Since: 2.1.02
From: Hawthorne, CA

Since last post: 102 days
Last activity: 3 days
#9 Posted on 5.3.04 1622.03
Reposted on: 5.3.11 1622.14
    Originally posted by baltimoresun.com
    Extra security was seen outside the Manhattan federal courthouse where the trial was being held.
Were they afraid she was gonna try to shoot her way out?
AWArulz
Scrapple
Level: 115

Posts: 706/3652
EXP: 16324137
For next: 487278

Since: 28.1.02
From: Louisville, KY

Since last post: 1 day
Last activity: 1 day
AIM:  
Y!:
#10 Posted on 5.3.04 1636.42
Reposted on: 5.3.11 1637.18
    Originally posted by DJ FrostyFreeze
      Originally posted by baltimoresun.com
      Extra security was seen outside the Manhattan federal courthouse where the trial was being held.
    Were they afraid she was gonna try to shoot her way out?


Throngs with Kniting needles were breaking her out of the slam
elcyberGoth
Chaurice
Level: 7

Posts: 6/6
EXP: 1083
For next: 365

Since: 7.3.02
From: Toronto, ON

Since last post: 4703 days
Last activity: 1085 days
#11 Posted on 5.3.04 1724.39
Reposted on: 5.3.11 1727.14
(deleted by CRZ on 5.3.04 1847)
redsoxnation
Scrapple
Level: 156

Posts: 3418/7534
EXP: 47581589
For next: 908139

Since: 24.7.02

Since last post: 1299 days
Last activity: 1299 days
#12 Posted on 6.3.04 1445.21
Reposted on: 6.3.11 1446.43
As always, on the day their IPO's hit on the same day, what odds could someone have gotten that the feds would have Martha Stewart in jail before they could get a conviction on Vincent Kennedy McMahon.
Big Bad
Scrapple
Level: 152

Posts: 2842/7003
EXP: 43444277
For next: 857485

Since: 4.1.02
From: Dorchester, Ontario

Since last post: 1 day
Last activity: 11 hours
#13 Posted on 6.3.04 1636.45
Reposted on: 6.3.11 1637.31
Too bad that Martha wasn't a buddy of the President like the Enron boys.
CRZ
Big Brother
Administrator
Level: 222

Posts: 4081/17024
EXP: 165042613
For next: 560197

Since: 9.12.01
From: ミネアポリス

Since last post: 20 hours
Last activity: 1 hour
AIM:  
ICQ:  
Y!:
#14 Posted on 6.3.04 1701.32
Reposted on: 6.3.11 1701.43
    Originally posted by Big Bad
    Too bad that Martha wasn't a buddy of the President like the Enron boys.
You could also have said, "Too bad that Martha didn't know how to take the Fifth and keep her mouth shut."
Grimis
Scrapple
Level: 127

Posts: 2905/4700
EXP: 23473750
For next: 252881

Since: 11.7.02
From: MD

Since last post: 2089 days
Last activity: 544 days
#15 Posted on 8.3.04 1404.53
Reposted on: 8.3.11 1405.05
At leat Harry Browne had an interesting perspective on the whole thing...
ALL ORIGINAL POSTS IN THIS THREAD ARE NOW AVAILABLE
Thread ahead: Haliburton stiffing subcontractors
Next thread: Even more American jobs sent overseas
Previous thread: Most idiotic school board decision EVER.
(1306 newer) Next thread | Previous thread
The 7 - Current Events & Politics - Martha Stewart Guilty on All CountsRegister and log in to post!

The W™ message board - 7 year recycle

ZimBoard
©2001-2015 Brothers Zim
This old hunk of junk rendered your page in 0.24 seconds.