Sam.Gen. Posted March 5, 2004 Share Posted March 5, 2004 NEW YORK - 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 almost certainly get much less than that under federal guidelines at her June 17 sentencing.Her former stockbroker, Peter Bacanovic, 41, was convicted on all but one count against him, filing a false document.Hahaha.. That's right.. no more Ms. Nice cook.. I hope she finds a good cellmate named.. "Big Sally" Or.. "Large Marge" ... :roll: :twisted: :twisted: :twisted: :twisted: :twisted:EDIT: I wasn't sure if this fell into the "Political" Place Statecop, I just thought it was interesting, but if it does, Feel free to delete away! Quote Link to comment Share on other sites More sharing options...
Paradigm Posted March 5, 2004 Share Posted March 5, 2004 Ahem.... OWNED!!!!!!!!! Quote Link to comment Share on other sites More sharing options...
Sharpshooter6 Posted March 5, 2004 Share Posted March 5, 2004 Ahem.... OWNED!!!!!!!!! agreed. Quote Link to comment Share on other sites More sharing options...
LORD_ORION Posted March 5, 2004 Share Posted March 5, 2004 Heh, and her stock dropped 3% when the verdict was released.I dunno, kinda have mixed feelings about this one. Did she do somthing bad and needs to be punished? Yeah, she did. At the same time though, I know there are people getting away with things like this on a much worse scale then her. She's an easy target, that's why I figure they zeroed in on her and not other people. Quote Link to comment Share on other sites More sharing options...
Macgyver Posted March 5, 2004 Share Posted March 5, 2004 Woo Hoo.She is a Real winner in life.If they only released what she was really like to her kids, family, cooworkers.You would definatley change your mind.Kmart is keeping all that hush hush. Quote Link to comment Share on other sites More sharing options...
StateCop Posted March 6, 2004 Share Posted March 6, 2004 Hahaha good post Sam...it is ok..I doesnt have anything political. Quote Link to comment Share on other sites More sharing options...
MrBojangles Posted March 6, 2004 Share Posted March 6, 2004 http://www.m00farm.com/csj/pan.jpg Quote Link to comment Share on other sites More sharing options...
Potatoe_Cannon Posted March 6, 2004 Share Posted March 6, 2004 Hahahaha, I remember that one. Excellent stuff Quote Link to comment Share on other sites More sharing options...
Deadeye Posted March 6, 2004 Share Posted March 6, 2004 now would be a very good time to sell any stock you may have in martha stewart's various companies.and BTW, PWNZED JU NUB!!! Quote Link to comment Share on other sites More sharing options...
Eskimo Posted March 6, 2004 Share Posted March 6, 2004 I do not wish these things on anyone but I like seeing things like this for some reason, maybe its the morbid side of my personality. Quote Link to comment Share on other sites More sharing options...
PUNISHER Posted March 6, 2004 Share Posted March 6, 2004 A friend of mine told me she has to cut all ties with her company. So basicly, it's ownly named Martha Stewart, no more connections with her.Can someone fill in the truth, the whole truth, and nothing nut the truth? Quote Link to comment Share on other sites More sharing options...
Miyamoto Musashi Posted March 6, 2004 Share Posted March 6, 2004 Whats this 'Martha Stewart' ? :? Quote Link to comment Share on other sites More sharing options...
Potatoe_Cannon Posted March 6, 2004 Share Posted March 6, 2004 Ok, I guess I'll explain it.Martha Stewart is a woman who had a tv show where she showed how to do decorative and practical things with food, gardening, household items, etc. She then began publishing a magazine along these lines, and now has a line of clothing and household items at K-Mart, which is like a smaller version of Wal-Mart. However, there are many rumors (which are likely true rumors) about how horrible a person she is, treating her family and employees very cruelly, while appearing very nice and cordial in public.Well, she also used to be a stock broker, and as a result she was still very active in the stock market. One stock in particular she held was a biotechnology stock called Imclone. This company had developed a treatment for a disease (I forget which one). However, this treatment was rejected by the Food and Drug Administration, the government agency that checks the safety of all food and drugs sold in the US. As a result, the Imclone stock plummetted. Well she sold this stock the day before the FDA rejected the treatment, and so she saved a whole bunch of money. She most likely had insider information from the company and sold the stock because she found out beforehand about the FDA's decision, which is illegal. For some reason she wasn't charged with securities fraud for this, but she was charged with obstuction of justice for hiding/destroying/altering evidence related to her insider trading to prevent being charged with securities fraud, which she never was charged with. She was convicted of obstruction of justice, and many people are happy because of how horrible a person she is in private, and now she has to cut ties with her company that produces her magazine and her K-Mart line of items.This is a good lesson for everyone: you fall through the ice when you try not to slip. Best to just be open with your actions, and things are likely to turn out better. Your honesty will go a long way. Quote Link to comment Share on other sites More sharing options...
Strobes Posted March 6, 2004 Share Posted March 6, 2004 Heh, and her stock dropped 3% when the verdict was released. I dunno, kinda have mixed feelings about this one. Did she do somthing bad and needs to be punished? Yeah, she did. At the same time though, I know there are people getting away with things like this on a much worse scale then her. She's an easy target, that's why I figure they zeroed in on her and not other people. One person at a time. Quote Link to comment Share on other sites More sharing options...
Enders Posted March 6, 2004 Share Posted March 6, 2004 At least she'll have the nicest jail cell around...and her NEW magazine is titledMartha Stewart Living-Behind Bars Quote Link to comment Share on other sites More sharing options...
Grits Posted March 6, 2004 Share Posted March 6, 2004 She is dumb and derserves to be in JailAlso she will probablly try to make it so it nice and cozzy for her fat self Quote Link to comment Share on other sites More sharing options...
Laxton Posted March 6, 2004 Share Posted March 6, 2004 I think its so funny that she thought that she could beat the system. She was done from the start, although they still had to prove it. Every always said that she was evil, now i guess its follows through a lot better. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.