Posted on 03/03/2005 4:04:47 PM PST by Former Military Chick
WASHINGTON : US lifestyle guru Martha Stewart was set to leave jail Friday after a five-month sentence for a stock scandal that boosted her career rather than dooming it.
Stewart's time in jail officially ends Sunday, but the federal prisons bureau can release prisoners on a Friday if their sentences end over the weekend, said US prisons spokeswoman Carla Wilson.
Supporters eagerly awaited her release from the Alderson minimum security prison in West Virginia, which inmates call "Camp Cupcake."
The news media were also outside the prison in force.
Stewart's reputation has made a massive public rebound during her time in Alderson, despite the conviction for lying about a dodgy stock sale.
She will serve five more months under house arrest at her 62-hectare (163-acre) country estate in Bedford, New York.
She will have to wear an electronic ankle bracelet tracking her movements.
Stewart may leave the property for 48 hours a week for work, which she already has lined up.
Indeed, Stewart, 63, has won a contract to host a knock-off of tycoon Donald Trump's successful NBC television reality show "The Apprentice."
She will also star in a show focusing on the same subjects that she built into a multi-million dollar lifestyle empire -- cooking, entertaining, decorating and home renovating.
"People love redemption stories," said "Apprentice" producer Mark Burnett. "You pay your price and Americans allow you to move on."
The businesswoman was convicted in March last year of lying to federal agents investigating her sale of nearly 4,000 shares in biotechnology company ImClone Systems.
She began serving her sentence in October.
Newsweek noted her post-conviction fame in its cover this week headlined: "Martha's Last Laugh: After Prison, She's Thinner, Wealthier and Ready for Prime Time."
However, the newsweekly is also in trouble for using the head of Stewart on the body of a model for the cover picture.
Shares of the Martha Stewart Living Omnimedia (MSO) empire, which she founded, have quadrupled in value since her sentencing in July.
Company shares were up 3.81 percent Thursday, reaching 33.26 dollars in afternoon trading.
In March 2004, she resigned as the company's a director and "chief creative officer" while accepting a new position of "founding editorial director."
According to Stewart's aides, the empire's founder is very optimistic about her future.
"This year, we usher in spring with an extra measure of gratitude, because the month of March not only marks the vernal equinox on the twentieth and the real start of our Northeast growing season, but also Martha's homecoming," Margaret Roach, editor in chief of Martha Stewart Living, wrote in the magazine's March edition.
Roach said Stewart will plant a garden in an old estate she has been renovating in Bedford.
"I can tell you she is, indeed, ready to get planting, having ordered her seeds and made extensive to-do lists, just as she would have done in any winter," the editor wrote.
Roach also recounted some of Stewart's prison activities.
"The tales were always surprising," she said.
Stewart foraged for wild greens such as dandelion on prison property "to augment the limited fresh vegetable offerings in the diet there," helped decorate the chapel for a memorial service and made microwave meals "with whatever very basic ingredients the commissary had for sale."
She also launched a yoga class that she taught for 10 inmates, spent time crocheting and used old ceramic molds to create a nativity scene for her mother.
Roach even told how Stewart had carried out a yoga pose called "downward-facing dog" in the visitors' room at the prison "from which she seamlessly moved into a headstand." - AFP
Who cares what you want?
You have it!!!!???!!!
Mine didn't bring it home to me. :(
"What do you think reparations are?"
Not 5 months of taxpayer funded incarceration.
Only an anarchist,and an ill educated, brain dead one at that, would post the last bit you did.But since it is patently obvious that you neither know any history of Wall Street (used in the generic way,to encompass ALL trading and ALL markets),nor how markets work. But then,you are also utterly incapable of comprehending what the FREE in FREEREPUBLIC means,so I'm not at all surprised by the abject lack of any sort of comprehension you have about Wall Street,the market,the laws which govern same and WHY some of them are necessary in the extreme.
And calling me a "Democrat",is far to funny to even rate a reply. ROTFLOL
Have you ever and do you now own any stocks,bonds,options,futures,and/or Treasury Notes?
I have no desire to meet her, but I admire Martha. She's made her own way, unlike a lot of rich/famous women who scooted in on men's coattails.
She should have gotten a far greater sentence.
You don't want the taxpayers paying to keep prisoners in jail? Okay,should we 1)shoot ALL people who have committed any crime or 2) not jail anyone?
The "deal " as you so childishly put it,was worth
No criminal,who steals or in any way is responsible for monetary or material loss,is EVER sentenced to make restitution to those who lost anything. And there is NO way one can make restitution for committing PERJURY to Congressional committee and the FBI and the SEC;NONE!
Tell the truth......you neither understand,nor know anything whatsoever about any part of this topic;except that Martha was just released from camp cupcake.
Dear Mr. Democrat market interventionist, yes I have owned all those types of assets. You might be surprised about how much I know about markets. I know enough about them to know, they existed before government and do not need government to function.
Ok, 3 cents and you got a deal!
Of course I would be lying. ;^)
nopardons wrote:
Yes,the stock has gone up,but it's a bubble and a false trend
--> Too bad you don't have a pin big enough to burst that bubble faster :P
Obviously,you only imagine that you actually know something about the markets. OTOH,I DO know a very great deal about it. :-)
So tell all of us,well,those of us still on this thread, why you think people should be allowed to "corner the market", create BUBBLES,sell short into a recovering CRASH, and why a member/s of the Board of Governors of the NYSE,for example, should be able to legally break several of the rules he or she swore to uphold. I'm waiting with great expectancy. Oh and I know that you're going to have great difficulty answering this,but don't you dare Google nor ask anyone for help!
Oh yes, and just one more question.....Why shouldn't Red Bone have had to be punished for breaking the silly law about playing games with accounts,that netted Hillary Clinton a $100,000 payoff? :-)
Me? I have nothing whatsoever to do with it. But I know how these trends work. And no,I'm NOT shorting her stock.I'm not buying it either. LOL
LOL
The Trump will help Martha out i'm sure.
Um, was Martha charged with insider trading?
Only on the opening show. LOL
Wonder if the Trump has some Steel Toe for her to chomp down on for after the curtains come down? ;)
I don't watch his show,won't watch her knockoff,and I have less than NO idea what you're talking about. :-)
It was before she thumbed her nose at the system and decided to lie about her insider trading ... she knew better then that
Do the crime .. Do the time
She still has 5 months of house arrest, wearing an ankle bracelet.
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