The W
Views: 95676281
Main | FAQ | Search: Y! / G | Color chart | Log in for more!
20.4.07 0332
The 7 - Current Events & Politics - Martha Stewart Guilty on All Counts Register and log in to post!
(1012 newer) Next thread | Previous thread
User
Post (15 total)
Grimis
Scrapple
Level: 123

Posts: 2900/4700
EXP: 21131025
For next: 100301

Since: 11.7.02
From: MD

Since last post: 1083 days
Last activity: 880 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: 151

Posts: 3412/7534
EXP: 42820487
For next: 476089

Since: 24.7.02

Since last post: 293 days
Last activity: 293 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: 52

Posts: 502/641
EXP: 1082164
For next: 1684

Since: 15.2.02
From: Dallas

Since last post: 3515 days
Last activity: 3174 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: 77

Posts: 815/1572
EXP: 4031713
For next: 159435

Since: 4.11.02
From: Winchester, VA

Since last post: 127 days
Last activity: 87 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: 87

Posts: 474/2159
EXP: 6189457
For next: 203342

Since: 17.11.03
From: Tallahassee, FL

Since last post: 2106 days
Last activity: 2103 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: 76

Posts: 1036/1528
EXP: 4002461
For next: 3618

Since: 2.1.02
From: Getting Rowdy

Since last post: 2644 days
Last activity: 2486 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: 51

Posts: 541/603
EXP: 992258
For next: 21687

Since: 2.1.02
From: Seattle, WA

Since last post: 2900 days
Last activity: 2866 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: 124

Posts: 983/4698
EXP: 21578900
For next: 257762

Since: 2.1.02
From: Seattle, WA

Since last post: 8 days
Last activity: 4 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: 108

Posts: 1390/3373
EXP: 13127443
For next: 393100

Since: 2.1.02
From: Hawthorne, CA

Since last post: 3 days
Last activity: 5 hours
#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
Knackwurst
Level: 106

Posts: 706/3278
EXP: 12540107
For next: 131877

Since: 28.1.02
From: Louisville, KY

Since last post: 2 days
Last activity: 15 hours
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: 977
For next: 471

Since: 7.3.02
From: Toronto, ON

Since last post: 3697 days
Last activity: 78 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: 151

Posts: 3418/7534
EXP: 42820487
For next: 476089

Since: 24.7.02

Since last post: 293 days
Last activity: 293 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: 144

Posts: 2842/6668
EXP: 36481452
For next: 228942

Since: 4.1.02
From: Dorchester, Ontario

Since last post: 3 days
Last activity: 2 days
#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: 210

Posts: 4081/15938
EXP: 135191608
For next: 1263348

Since: 9.12.01
From: ミネアポリス

Since last post: 8 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: 123

Posts: 2905/4700
EXP: 21131025
For next: 100301

Since: 11.7.02
From: MD

Since last post: 1083 days
Last activity: 880 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.
(1012 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
©2001-2014 Brothers Zim
This old hunk of junk rendered your page in 0.308 seconds.