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Martha Stewart guilty on all counts
AP/MSNBC | March 5, 2004 | unknown

Posted on 03/05/2004 1:37:06 PM PST by Bonaparte

Updated: 4:01 p.m. ET March 05, 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. In a statement, Stewart said she would appeal the verdict.

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TOPICS: Business/Economy; Crime/Corruption
KEYWORDS: conviction; crime; insider; martha; marthastewart; stewart; stocks
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Milken, Boesky, Bacanovic, etal... They never learn.

Another democrat criminal bites the dust. Stewart, whose net worth is stratospheric, was too cheap and too arrogant to take a paltry $50K loss. It wasn't even chump change for her but, like Leona Helmsley, she just had to be different and better than "the little people" who are held to the law.

1 posted on 03/05/2004 1:37:07 PM PST by Bonaparte
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To: Bonaparte
Now, on to Hillary and her cattle futures. . . .

In my dreams.
2 posted on 03/05/2004 1:38:55 PM PST by TheConservator
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To: Bonaparte
oops I guess no more Stewart on Food Channel from her kitchen.
3 posted on 03/05/2004 1:40:05 PM PST by bogdanPolska12
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(Yes, I know -- gmoore already posted this news. A search before posting, under "Stewart," turned up nothing.)
4 posted on 03/05/2004 1:40:18 PM PST by Bonaparte
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To: TheConservator
In my dreams, too. Sigh.
5 posted on 03/05/2004 1:40:43 PM PST by Old Grumpy
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To: Bonaparte
Ah, well. I think she was railroaded. But I can't say I like her very much.

I presume she will appeal.
6 posted on 03/05/2004 1:41:47 PM PST by Cicero (Marcus Tullius)
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To: TheConservator; Old Grumpy
The Hildebeast was at least smart enough to get her ducks in a row, not only on the futures trade, but on White Water, the FBI files, Travelgate and all her other crimes. Stewart, OTOH, is not cut out for a career in crime. She should have stuck with her day job.
7 posted on 03/05/2004 1:44:19 PM PST by Bonaparte
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To: Cicero
"I think she was railroaded."

Prosecution proved that she knowingly and repeatedly lied to the FBI about her trade. Why would an innocent person, who has nothing to cover up, do that? Why did Bacanovic go back and doctor the trade documents (as proven by Secret Service forensics) if he and Stewart had nothing to hide?

8 posted on 03/05/2004 1:49:40 PM PST by Bonaparte
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To: Bonaparte
I wonder if her sentence will be as easy as Bill Clinton's?
9 posted on 03/05/2004 1:49:43 PM PST by RunningJoke
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To: Cicero
Ah, well. I think she was railroaded. But I can't say I like her very much.

I agree. The person who was at fault was her broker, who had no business telling Martha of any insider information. In a way it is kind of like entrapment. Martha did not go out looking for insider information, it was placed in her lap by her broker.

10 posted on 03/05/2004 1:52:02 PM PST by Always Right
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To: RunningJoke
I doubt it. He didn't even have to stand trial.
11 posted on 03/05/2004 1:52:37 PM PST by Bonaparte
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To: Always Right
No one held a gun to her head and forced her to act on it.
12 posted on 03/05/2004 1:53:37 PM PST by Xenalyte (I may not agree with your bumper sticker, but I shall defend to the death your right to stick it)
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To: Always Right
"Martha did not go out looking for insider information, it was placed in her lap by her broker."

Ah, Martha "Geraldine" Stewart. The Devil made her do it.

13 posted on 03/05/2004 1:53:46 PM PST by Bonaparte
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To: Always Right
BTW, who "made" Martha Stewart lie repeatedly to the FBI?
14 posted on 03/05/2004 1:54:51 PM PST by Bonaparte
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To: bogdanPolska12
"oops I guess no more Stewart on Food Channel from her kitchen."

Hahaha! Well, if Mumia can give keynote commencement speeches from his prison cell, I guess Martha can show us how to arrange dinner placemats from hers.

15 posted on 03/05/2004 1:59:10 PM PST by Bonaparte
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To: Always Right
If this were 'Joe Average', I might consider some liency, however Martha Stewart is hardly an average person when it comes to trading. Martha Stewart was a licensed broker for over 20 years. Prior to appearing in public to face charges, she resigned her seat on the NYSE. Not only did she know better, she was in a position where getting insider information was a daily occurance; and knew she was legally and morally obligated to ignore it when it came to trading.

Martha was very foolish, she KNEW what she was doing was illegal, thus began covering her tracks immediately - even before the formal charges were made. This may only be the first time she's been caught; if you are willing to assume a person who did indeed do this (and had her day in court) NEVER contimplated doing the exact same thing for over 20 years. There is a distinct liklihood that this is just the first time she's been caught.
16 posted on 03/05/2004 1:59:58 PM PST by Hodar (With Rights, comes Responsibilities. Don't assume one, without assuming the other.)
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To: Hodar
She almost certainly did for others what Bocanovic did for her. When their appeals are exhausted, perhaps even before sentencing, one of them, probably Bocanovic, may roll over on the government tipster.
17 posted on 03/05/2004 2:04:45 PM PST by Bonaparte
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To: Bonaparte
And if she had just held on or sold legally and invested in Genetech, she'd be ok and even richer.

Greed, hubris, ego and narcissism will get you everytime.
18 posted on 03/05/2004 2:06:13 PM PST by garyhope
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To: Bonaparte
Bullsh*t.

8 of 10 Freepers would have done the same thing under her same circumstances.

PS: And the other 2 Freepers are liars.

< /sarcasm >

19 posted on 03/05/2004 2:09:00 PM PST by DCPatriot
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To: Hodar
And another thing -- this would be a good time for the SEC to thoroughly review the patterns in her trading behavior during the years she was working as a broker for others. (I know: Ain't gonna happen).
20 posted on 03/05/2004 2:09:44 PM PST by Bonaparte
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