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Martha Stewart Went To Jail - In june 2003, the u. s. Securities and exchange commission filed a complaint against stewart and her broker, peter bacanovic. The sec alleged that stewart had engaged in illegal insider.
According to the sec (securities and exchange commission), the popular tv personality abruptly sold nearly 4,000 shares of imclone systems stock based on insider information from her merrill lynch broker peter bacanovic. The stock value fell dramaticall. In march of 2004, martha was found guilty of multiple felony charges, including making false statements, obstructing proceedings, and conspiracy. By july of that year, she was sentenced to serve five months in a federal prison. On , martha was found guilty of one count of conspiracy, one count of obstruction of justice, and two counts of making false statements to a federal investigator. Martha stewart was found guilty on charges of lying and obstruction after a shady stock trade in 2004. Heres everything to know about her fraud case and time spent in prison. Stewart was indicted and put on trial in 2004, three years after her initial stock sales. She was found guilty of insider trading, and sentenced to five months in prison, five months of home.
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Stewart was indicted and put on trial in 2004, three years after her initial stock sales. She was found guilty of insider trading, and sentenced to five months in prison, five months of home.
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