03-05-2004, 01:05 PM | #1 (permalink) |
Lost
Location: Florida
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Martha Guilty on all 4 counts...
http://money.cnn.com/2004/03/05/news...ex.htm?cnn=yes
NEW YORK (CNN/Money) - A jury found Martha Stewart guilty on all four counts against her in her obstruction of justice trial Friday and is expected to serve prison time. Her ex-broker Peter Bacanovic was found guilty on four of the five charges he faced. Neither defendant appeared to show any emotion when the verdict was read, though the lead prosecutor appeared to be holding back tears of joy. Sentencing was set for June 17. The jury deliberated for three days after a five-week trial. The panel of eight women and four men began deliberating Wednesday on whether Stewart and her ex-broker, Peter Bacanovic, obstructed justice and lied to the government about her sale of ImClone stock in December 2001. Stewart, 62, was found guilty of conspiracy, obstruction of justice and two counts of making false statements – charges that together carry a penalty of up to 20 years in prison. Bacanovic, 41, was convicted of making false statements, conspiracy, perjury and obstruction of justice – with a maximum prison term of 25 years. He was acquitted on a charge of making and using of false documents. Both Stewart and Bacanovic left the courthouse without speaking to reporters. Eyewitnesses said Stewart's daughter Alexis was crying. Stewart said on her Web site that she would appeal. But the homemaker turned style setter and media executive could still do jail time. "Unless this is somehow undone on appeal, she's a felon and she's going to prison," legal analyst Kendall Coffey said. Prosecutors argued that Stewart sold her ImClone stock only after Bacanovic told his assistant to tip her off that ImClone founder Sam Waksal was trying to sell. Stewart and Bacanovic had told investigators they had an arrangement to sell once the stock fell to $60. Bacanovic was broker to both Stewart and Waksal, who is serving a seven-year prison term after pleading guilty to securities fraud over his family's sale of ImClone shares. Bacanovic's former assistant, Douglas Faneuil, the government's star witness in the case, testified that his boss ordered him to pass an inside tip about ImClone to Stewart. Despite the intense publicity surrounding the trial – the most closely watched of the recent corporate fraud cases – the stock trade at its center involved a relatively small amount of money. |
03-05-2004, 02:21 PM | #4 (permalink) |
Tilted Cat Head
Administrator
Location: Manhattan, NY
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thank goodness the media zoo can start to move on.. of course we'll hear when she goes to jail/pays fine or whatever her punishment metes out to be. Then we'll hear about it years later, blah blah blah blah.
IMHO there's too many celebrity cases... says something about society. I don't know what just yet, but it says something.
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I don't care if you are black, white, purple, green, Chinese, Japanese, Korean, hippie, cop, bum, admin, user, English, Irish, French, Catholic, Protestant, Jewish, Buddhist, Muslim, indian, cowboy, tall, short, fat, skinny, emo, punk, mod, rocker, straight, gay, lesbian, jock, nerd, geek, Democrat, Republican, Libertarian, Independent, driver, pedestrian, or bicyclist, either you're an asshole or you're not. |
03-05-2004, 02:22 PM | #5 (permalink) |
Psycho
Location: Where the night things are
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YAY!
After OJ walked, I began to wonder if justice wasn't just blindfolded, but stupid, as well. Now the long countdown to see if she ever serves a day in the can.
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There ain't nothin' more powerful than the odor of mendacity -Big Daddy |
03-05-2004, 05:32 PM | #11 (permalink) | |
Junkie
Location: The Kitchen
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03-05-2004, 05:46 PM | #13 (permalink) |
A Real American
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I can see the new colors now in the Everyday line:
Jail Cell Green Dropped Soap Ecru Meal Tray Silver Cellblock Grey.
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I happen to like the words "fuck", "cock", "pussy", "tits", "cunt", "twat", "shit" and even "bitch". As long as I am not using them to describe you, don't go telling me whether or not I can/should use them...that is, if you want me to continue refraining from using them to describe you. ~Prince |
03-05-2004, 05:50 PM | #14 (permalink) |
Insane
Location: ?
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Meh, she just did what anyone else would have done if told their stock was about to loose value. I'm not saying I think she didn't do anything wrong or she is innocent, just that most of us would have done the same thing. It doesn't matter how much cash you have, you still want to make and keep as much as you can.
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wish you were here |
03-05-2004, 06:09 PM | #16 (permalink) |
Omnipotent Ruler Of The Tiny Universe In My Mind
Location: Oreegawn
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Yeah...I secretly was just hoping she'd be convicted... something about her just seems evil
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Words of Wisdom: If you could really get to know someone and know that they weren't lying to you, then you would know the world was real. Because you could agree on things, you could compare notes. That must be why people get married or make Art. So they'll be able to really know something and not go insane. |
03-05-2004, 06:23 PM | #19 (permalink) | |
I'm not about getting creamed, I'm about winning!
Location: K-Town, TN
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Quote:
Martha got exactly what she deserved, and I'm glad to see that not all celebrities can get away with being greedy as hell.
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"We are what we repeatedly do. Excellence, therefore, is not an act, but a habit." --Aristotle |
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03-05-2004, 08:14 PM | #23 (permalink) | |
Apocalypse Nerd
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Do I have to ask "Why is this news?" Common it might be a little funny but does it honestly affect anyone here?
BTW IM Clone is doing pretty well Irony anyone, ANYONE? Quote:
http://biz.yahoo.com/rb/040303/healt...e_icahn_2.html |
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03-05-2004, 09:15 PM | #24 (permalink) |
Human
Administrator
Location: Chicago
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Now, I fully admit I didn't bother to keep up on this case or anything, so maybe she's really guilty. That's besides the point I'm going to make though.
It seems to me that, while on one hand there is the "celebrities are above the law" perception, from public opinion I've seen, most celebrities are presumed guilty simply because they ARE celebrities. That's equally, if not more dangerous than the former perception IMO.
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Le temps détruit tout "Musicians are the carriers and communicators of spirit in the most immediate sense." - Kurt Elling |
03-05-2004, 09:23 PM | #25 (permalink) |
Apocalypse Nerd
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Just to prove I'm all laughs
here's another laugh http://www.worth1000.com/cache/conte...play=photoshop |
03-05-2004, 09:36 PM | #26 (permalink) | |
I demand a better future
Location: Great White North
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Thats funny Astro...
Bitch deserved it... no if we can onlt get Dr Phil and Oprah....
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03-06-2004, 06:10 AM | #27 (permalink) | |
Insane
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Quote:
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03-06-2004, 12:48 PM | #28 (permalink) |
Condition: Stable and Improving
Location: Finger on the little red button.
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I'm awfully glad.
I hope she gets jail time. Let it be a warning to all of the others that think it's okay to engage in this sort of behavior.
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Convictions are more dangerous enemies of truth than lies. Frederich Nietzsche |
03-06-2004, 01:49 PM | #30 (permalink) | |
Tilted Cat Head
Administrator
Location: Manhattan, NY
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Quote:
we are all equal under law, no matter how much money one has or what position of power has.
__________________
I don't care if you are black, white, purple, green, Chinese, Japanese, Korean, hippie, cop, bum, admin, user, English, Irish, French, Catholic, Protestant, Jewish, Buddhist, Muslim, indian, cowboy, tall, short, fat, skinny, emo, punk, mod, rocker, straight, gay, lesbian, jock, nerd, geek, Democrat, Republican, Libertarian, Independent, driver, pedestrian, or bicyclist, either you're an asshole or you're not. |
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03-07-2004, 07:50 AM | #31 (permalink) |
Addict
Location: Illinois
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[sarcasm]
It's always a shame when bad things happen to good people. Martha Stewart is an amazing woman and should have been treated as such. It's not fair that she is the envy of so many people, and even more unfair that these jealous ingrates have the nerve to make these incredibly false accusations upon Ms. Stewart. No matter who it happens to, I will never get used to innocent people being condemned, and I shouldn't have to. [/sarcasm] Just for the record I was fucking around. She probably is a bitch and is most likely guilty. Last edited by Xiangsu; 03-07-2004 at 06:38 PM.. |
03-07-2004, 08:20 AM | #32 (permalink) |
follower of the child's crusade?
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I have to ask the same question as I did about Jeffery Archer and his alleged insider trading on the Anglia Television stock...
Why does someone with so much money, risk their freedom just to make some more, in such a stupid way?
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"Do not tell lies, and do not do what you hate, for all things are plain in the sight of Heaven. For nothing hidden will not become manifest, and nothing covered will remain without being uncovered." The Gospel of Thomas |
03-07-2004, 11:28 AM | #34 (permalink) |
Cracking the Whip
Location: Sexymama's arms...
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No sympathy here.
She is greedy and arrogant. While those are not crimes, her arrogance led her into crime, so hasta la vista, Martha.
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"Of all tyrannies, a tyranny exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience." – C. S. Lewis The ONLY sponsors we have are YOU! Please Donate! |
03-07-2004, 04:42 PM | #35 (permalink) | |
I'm not about getting creamed, I'm about winning!
Location: K-Town, TN
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Quote:
2) "These incredibly false accusations" must not have been so incredibly false, since the jury found her guilty of every count. 3) I agree with you that you shouldn't have to be accustomed to seeing innocent people be condemned...the problem here is that she's guilty. Do you have proof of her innocence you can share with the jury before it's too late? If not, then you should probably accept the fact that she is doomed to meet the fate she should have expected in the first place: jail-time. Edit: Glad to see you were just messin' around. I feared for the worst there for awhile.
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"We are what we repeatedly do. Excellence, therefore, is not an act, but a habit." --Aristotle Last edited by H12; 03-07-2004 at 08:43 PM.. |
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03-07-2004, 06:15 PM | #36 (permalink) | |
Tilted Cat Head
Administrator
Location: Manhattan, NY
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Quote:
She was a bitch incarnate, yelling at my friend for 40 minutes because she didn't know where the space bar was, since the monitor read: press space bar to continue. Last edited by Cynthetiq; 03-07-2004 at 06:33 PM.. |
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03-07-2004, 06:32 PM | #37 (permalink) | |
Tilted Cat Head
Administrator
Location: Manhattan, NY
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I just read this in today's NYPost.
http://nypost.com/commentary/20049.htm Quote:
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03-07-2004, 07:11 PM | #38 (permalink) |
Addict
Location: nyc
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Martha was most likely guilty, but i don’t think that’s why she was charged or convicted. Charges were brought on her to make an example out of someone famous who people generally don’t like -- and it probably helps that she’s a successful woman. Honestly i’m somewhat surprised at the hatefulness expressed in this thread -- none of know Martha, and even if you did and your personality assessments are based on something more than conjecture being a bitch isn’t illegal. Insider trading happens everyday and while I see why the law against it exists I do not see how anyone expects it too be followed -- EVERYONE involved in the stock market is constantly looking for a “hot tip” and it is often rather difficult to see the line between that and breaking the law.
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03-07-2004, 09:06 PM | #39 (permalink) |
Human
Administrator
Location: Chicago
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Thanks brianna - I agree. Guilty or not, it's this kind of hatred for someone based on hearsay and fame that, really, as much as we'd like to say the opposite, makes it difficult for them to get a fair trial when people are looking to find them guilty to set an example. Perhaps she was guilty, perhaps she wasn't - and she probably was - I find it disturbing that any person would be made an "example" that celebreties are not above the law. This opens the door wide open to an innocent person being found guilty.
Either way, I think 20 years is definitely too harsh a penalty for her crimes. Prison is (ideally) meant for rehabilitation not punishment, and a couple years at most I think will get the message across just fine. Hopefully the judge will see it that way as well when sentencing.
__________________
Le temps détruit tout "Musicians are the carriers and communicators of spirit in the most immediate sense." - Kurt Elling |
03-08-2004, 12:11 AM | #40 (permalink) |
follower of the child's crusade?
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At 62, its unlikely she would get jail time isnt it? She'll probably get some sort of house curfew thing, where you have to wear the radio bracelet and report to the PO all the time. She is a criminal, but on the whole I dont think the government is in the business of locking up old ladies.
__________________
"Do not tell lies, and do not do what you hate, for all things are plain in the sight of Heaven. For nothing hidden will not become manifest, and nothing covered will remain without being uncovered." The Gospel of Thomas |
Tags |
counts, guilty, martha |
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