5 Months for Martha!
- Thread starter Doggiedog
- Start date
Originally posted by: Fritzo
Hope she gets a good cell mate. Otherwise she might take a licking....
I'm soooooo sorry about that
because of her celebrity status she will likely be seperated from general population.
if the 5 months is true she will likely only do like two months because you can get TS after 1/3 of your sentence for non violent crimes
Gunslinger08
Lifer
- Nov 18, 2001
- 13,234
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Fingolfin269
Lifer
- Feb 28, 2003
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Hell, she's probably going to one of those prisons with a freaking golf course on site.
I'm going to begin my life of white collar crime very soon. WTF else offers such high reward for the risk involved. Woo, I can make millions and just go to prison for 5 months? Count me in!
I'm going to begin my life of white collar crime very soon. WTF else offers such high reward for the risk involved. Woo, I can make millions and just go to prison for 5 months? Count me in!
They were more lenient on her than I thought they would be. I thought probation was enough but that they'd probably give her at least a year. Well, if she goes in now, she can be out before Christmas.
And how much money did she gain? $50k? It wasn't much, but it's still a pretty good haul for only 5 months in prison...where do I sign up?
i'd be careful.....some exec's recently have managed to get like 20 year sentences...search google news if you dont blieve me. even with 1/3 TS thats still 7 years. But then again if they hid there revenue from the government they could stand to be extremely wealthy when they get out in 7 years......
DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Martha Stewart, who parlayed good taste and business
acumen into a media empire, was sentenced to five months in prison Friday for
her conviction on charges she lied about the reasons for a stock sale.
Stewart was also sentenced to two years probation with five months of home
detention. She was also fined $30,000. The judge stayed the sentence pending an
appeal.
Stewart, the founder of Martha Stewart Living Omnimedia Inc. (MSO), made a
brief statement before the sentence was read during the proceeding in a packed
ceremonial courtroom in Manhattan.
Martha Stewart asked the judge for leniency, and said she wanted to continue
the good that her and her company had done in the world. She called it "a
shameful day" for her, her family and her company.
The sentence caps two-and-a-half years of uncertainty for Stewart, who was
first interviewed by federal authorities in early 2002 about her sale of nearly
4,000 shares of ImClone Systems Inc. (IMCL) stock shortly before negative news
caused its price to plunge.
Prosecutors say she had a secret tip to sell the shares; Stewart denied it,
claiming she and her broker had a pre-existing agreement to sell ImClone if it
fell below $60 a share.
In March, a jury rejected that story, convicting Stewart and her former
broker, Peter Bacanovic, of conspiracy, obstruction and making false statements
charges. Bacanovic is scheduled to be sentenced at 2:30 p.m. EDT Friday, and
faces 10 to 16 months in prison.
Stewart would be a candidate for a minimum-security prison camp, such as the
facilities in Danbury, Conn., or Alderson, W. Va. The decision will ultimately
be made by the Justice Department's Federal Bureau of Prisons before she
surrenders.
Stewart's attorneys have vowed to appeal her conviction and sentence.
Judge Cedarbaum rejected two requests for a new trial, the first based on a
juror's alleged failure to disclose his brushes with the law and the second
based on perjury charges against an ink expert who served as a government
witness.
The Manhattan U.S. Attorney's office in May accused Larry Stewart, laboratory
director for the U.S. Secret Service, of lying when he testified that he
personally carried out an ink analysis of a worksheet detailing Martha
Stewart's stock portfolio. He has pleaded not guilty.
Larry Stewart is not related to Martha Stewart.
At the same time, the torrent of negative publicity generated by the
stock-trading scandal has weighed on the stock price of Martha Stewart Living
Omnimedia for months.
The company's businesses, which rely heavily on Stewart's image, have been
badly damaged. Advertising in Stewart's flagship magazine, Martha Stewart
Living, has plummeted. The company announced in May that Stewart's television
show would go on hiatus at the end of the current season.
Shares Martha Stewart Living shot up on the news of the verdict, and were
recently at $10.25, or 18.6%, up $1.61 on heavy volume.
-By Colleen DeBaise, Dow Jones Newswires; 212-227-2017;
colleen.debaise@dowjones.com
NEW YORK (Dow Jones)--Martha Stewart, who parlayed good taste and business
acumen into a media empire, was sentenced to five months in prison Friday for
her conviction on charges she lied about the reasons for a stock sale.
Stewart was also sentenced to two years probation with five months of home
detention. She was also fined $30,000. The judge stayed the sentence pending an
appeal.
Stewart, the founder of Martha Stewart Living Omnimedia Inc. (MSO), made a
brief statement before the sentence was read during the proceeding in a packed
ceremonial courtroom in Manhattan.
Martha Stewart asked the judge for leniency, and said she wanted to continue
the good that her and her company had done in the world. She called it "a
shameful day" for her, her family and her company.
The sentence caps two-and-a-half years of uncertainty for Stewart, who was
first interviewed by federal authorities in early 2002 about her sale of nearly
4,000 shares of ImClone Systems Inc. (IMCL) stock shortly before negative news
caused its price to plunge.
Prosecutors say she had a secret tip to sell the shares; Stewart denied it,
claiming she and her broker had a pre-existing agreement to sell ImClone if it
fell below $60 a share.
In March, a jury rejected that story, convicting Stewart and her former
broker, Peter Bacanovic, of conspiracy, obstruction and making false statements
charges. Bacanovic is scheduled to be sentenced at 2:30 p.m. EDT Friday, and
faces 10 to 16 months in prison.
Stewart would be a candidate for a minimum-security prison camp, such as the
facilities in Danbury, Conn., or Alderson, W. Va. The decision will ultimately
be made by the Justice Department's Federal Bureau of Prisons before she
surrenders.
Stewart's attorneys have vowed to appeal her conviction and sentence.
Judge Cedarbaum rejected two requests for a new trial, the first based on a
juror's alleged failure to disclose his brushes with the law and the second
based on perjury charges against an ink expert who served as a government
witness.
The Manhattan U.S. Attorney's office in May accused Larry Stewart, laboratory
director for the U.S. Secret Service, of lying when he testified that he
personally carried out an ink analysis of a worksheet detailing Martha
Stewart's stock portfolio. He has pleaded not guilty.
Larry Stewart is not related to Martha Stewart.
At the same time, the torrent of negative publicity generated by the
stock-trading scandal has weighed on the stock price of Martha Stewart Living
Omnimedia for months.
The company's businesses, which rely heavily on Stewart's image, have been
badly damaged. Advertising in Stewart's flagship magazine, Martha Stewart
Living, has plummeted. The company announced in May that Stewart's television
show would go on hiatus at the end of the current season.
Shares Martha Stewart Living shot up on the news of the verdict, and were
recently at $10.25, or 18.6%, up $1.61 on heavy volume.
-By Colleen DeBaise, Dow Jones Newswires; 212-227-2017;
colleen.debaise@dowjones.com
the point is that she will be serving jailtime and that is very bad for her image and her company. lets see what happens next....
She made a public statement, on the court house steps, surrounded by body guards. She claimed that a "personal matter" was turned into a circus and how she would appeal. She apologized to the 200 ppl who lost their jobs.
Then she asked everyone to buy her magazine, cause it was really nifty!
Then she asked everyone to buy her magazine, cause it was really nifty!
Originally posted by: KarenMarie
She made a public statement, on the court house steps, surrounded by body guards. She claimed that a "personal matter" was turned into a circus and how she would appeal. She apologized to the 200 ppl who lost their jobs.
Then she asked everyone to buy her magazine, cause it was really nifty!
awesome
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