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Why Was Martha Stewart In Jail - Martha stewart went to jail for five months in 2004 for conspiracy, obstruction of justice and lying to federal investigators. She sold imclone stock before the fda rejected its drug, but claimed she had a prearranged deal with her broker. On , the tv star was indicted for nine counts of securities fraud and obstruction of justice.
Securities and exchange commission filed a complaint against stewart and her broker, peter bacanovic. The sec alleged that stewart had engaged in illegal insider trading. Martha stewart was convicted of lying to investigators about a stock trade in imclone systems, a biopharmaceutical company. She served five months in prison and rebuilt her empire after her release. Martha stewart was convicted of multiple felony charges in 2004 for selling imclone shares based on insider information. She served five months in a federal prison and later rebuilt her empire with new projects and products. Martha stewart was convicted of conspiracy, obstruction of justice, and lying to an fbi agent in 2003, based on allegations of insider trading. She served five months in prison and later rebuilt her empire with new shows, products, and books.
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She served five months in prison and later rebuilt her empire with new shows, products, and books.
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