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Jeff Miller
Fleet Admiral
Joined: 22 Nov 2001
Posts: 23947
Location: Mental Ward for the Mentaly Unstable 6th floor, Saint John's 1615 Delaware Longview Washington 98632
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 Fri Jul 16, 2004 9:59 am Martha Stewart Gets 5 Months in Prison |
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| Quote: |
Martha Stewart Gets 5 Months in Prison
By ERIN McCLAM
Associated Press Writer
NEW YORK (AP) -- Domestic icon Martha Stewart moved one step closer to a drastically different lifestyle behind bars when the millionaire entrepreneur was sentenced Friday to five months in prison for a stock-trading scandal.
Stewart, after appealing in a shaky voice for a reduced sentence, was also ordered to serve five months of home confinement for lying to federal investigators.
Just before her sentence was pronounced, Stewart - her usually strong voice somwhat strained - asked the judge to "remember all the good I have done."
"Today is a shameful day. It's shameful for me, for my family and for my company," she said.
Stewart, who was also fined $30,000, was spared an immediate trip to federal prison when U.S. District Court Judge Miriam Goldman Cedarbaum stayed her sentence pending appeal.
Cedarbaum rejected a defense request to send to Stewart to a halfway house for the first five months, noting that "lying to government agencies during the course of an investigation is a very serious matter."
The sentence was at the bottom of the confinement range for Stewart, who was expected to receive 10 to 16 months.
Earlier, Stewart, 62, dressed simply in a black pantsuit, showed no emotion as she strode briskly through a media horde. Supporters applauded and one shouted, "Hold your head high, Martha!"
The jail term was the latest blow for Stewart, once the CEO of a $1 billion media empire. After her 2003 indictment, she resigned as head of Martha Stewart Living Omnimedia Inc. And following her conviction, she surrendered her seat on its board.
Her fall from grace did little to hurt her standing among Stewart fans. In the final weeks before Stewart's sentencing, hundreds of well-wishers sent letters to the judge asking for mercy.
"I am alone now with my pets," a woman named Ruth Ritter wrote to the judge in careful script. "Just seeing Martha doing her crafts, cooking, gardening, was a great comfort to me."
Former Merrill Lynch & Co. stockbroker Peter Bacanovic, who was convicted along with Stewart of lying about the 2001 stock sale, was scheduled to be sentenced later Friday.
It was Dec. 27, 2001, when Stewart, in a brief phone call from a Texas tarmac on her way to a Mexican vacation, sold 3,928 shares of ImClone Systems Inc., a company run by her longtime friend Sam Waksal.
Prosecutors alleged that Bacanovic, 42, ordered his assistant to tip Stewart that Waksal was trying to sell his shares. ImClone announced negative news the next day that sent the stock plunging. Stewart saved $51,000.
Stewart and Bacanovic always maintained she sold because of a preset plan to unload the stock when it fell to $60. ImClone now trades around $80.
The jail term was the latest blow for Stewart, once the CEO of a $1 billion media empire. After her 2003 indictment, she resigned as head of Martha Stewart Living Omnimedia Inc. And following her conviction, she surrendered her seat on its board.
The sentencing came despite appeals from hundreds of Stewart supporters asking the judge to impose a lighter sentence.
"I am alone now with my pets," a woman named Ruth Ritter wrote to the judge in careful script. "Just seeing Martha doing her crafts, cooking, gardening, was a great comfort to me."
Former Merrill Lynch & Co. stockbroker Peter Bacanovic, who was convicted along with Stewart of lying about the 2001 stock sale, was scheduled to be sentenced later Friday. |
This Really upsets me it just shows if your rich and have money you can buy your freedom 5 months come on give me a break she...... she deserves alot more if it was a common person they would have the book thrown at them. She showed no remorse that also shows how guilty she is. Well she is known for being a mean B#### well maybe in prision she'll be someone elses....
-------signature-------
| ~Tony Montana wrote: | | You know what you need people like me people for you to snub your nose at and point at saying there is a bad man. Well guess what This bad man is leaving. Say goodnight to the BAD MAN! |
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Puck
The Texan
Joined: 05 Jan 2004
Posts: 5596
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| Fri Jul 16, 2004 11:01 am |
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I am suprised she got any prision time, I know she got some of it off because she has money, but usually the people like her just get all community service and a fine or something, so really, I am glad to see that she at least got some time. Anyhow I heard she hired a prison consultant?? LOL that is pretty funny.  
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IntrepidIsMe
Pimp Handed
Joined: 14 Jun 2002
Posts: 13057
Location: New York
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| Fri Jul 16, 2004 7:22 pm |
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Showed no remorse? She didn't kill anybody Jeff, 
I don't see why she has to go to jail, and Hillary Clinton didn't, and she did far worse things with the whole cattle problem, 
-------signature-------
"Nelly, I am Heathcliff! He's always, always in my mind: not as a pleasure, any more than I am always a pleasure to myself, but as my own being."
-Wuthering Heights
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John Connor
Admiral of the Terran Empire
Joined: 07 Sep 2002
Posts: 15657
Location: I.S.S Emperor
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| Fri Jul 16, 2004 8:04 pm |
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I think it will be very good for her. And im kinda happy that she is going to prison.
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Link, the Hero of Time
Vice Admiral
Joined: 15 Sep 2001
Posts: 5581
Location: Kokori Forest, Hyrule
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| Fri Jul 16, 2004 9:17 pm |
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I agree with Jeff, She got off easy because of who she is. Any normal person would have gotten at least 2 years.
Appearently, she told the judge, "Think of all the good I've done." What good? Sell cr*p to everyone? show up to high priced parties?
If that judge had any sense she would have given Stuart at least a year in prison followed by MAJOR community service. And i mean Uber Major community service, let her feel how it's like, living like a normal person, doing hard strenuous labor.
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Jeff Miller
Fleet Admiral
Joined: 22 Nov 2001
Posts: 23947
Location: Mental Ward for the Mentaly Unstable 6th floor, Saint John's 1615 Delaware Longview Washington 98632
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| Mon Jul 19, 2004 11:45 am |
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| IntrepidIsMe wrote: | | Showed no remorse? She didn't kill anybody Jeff, |
She didn't infact it gets bad when shes peddaling her own crap at her news confrence hell maybe if I get arrested for murding someone I'll say something like. "Hey I know that I murdered someone but please go and buy my new autobio entitled how I killed you and got away with it, it's only 15.99 for the next few days." But thats ok Shes Martha stewart...
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Leo Wyatt
Sweetest Angel
Joined: 25 Feb 2004
Posts: 19045
Location: Investigating A Crime Scene. What did Quark do this time?
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| Mon Jul 19, 2004 11:48 am |
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She was a bit boring on Tv maybe being in prison won't have to see her for a while
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Jeff Miller
Fleet Admiral
Joined: 22 Nov 2001
Posts: 23947
Location: Mental Ward for the Mentaly Unstable 6th floor, Saint John's 1615 Delaware Longview Washington 98632
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| Mon Jul 19, 2004 11:50 am |
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Somehow I doubt eventhough we all wish for that it won't happen she'll probably have a In prisson TV special I just hope when she gets out no one will let her on tv.
-------signature-------
| ~Tony Montana wrote: | | You know what you need people like me people for you to snub your nose at and point at saying there is a bad man. Well guess what This bad man is leaving. Say goodnight to the BAD MAN! |
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IntrepidIsMe
Pimp Handed
Joined: 14 Jun 2002
Posts: 13057
Location: New York
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| Mon Jul 19, 2004 1:25 pm |
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Well, figuring that she's still on TV, even now that her verdict has been made public, I don't see why they'd cancel her when she got out of prison,
| Jeff Miller wrote: | | IntrepidIsMe wrote: | | Showed no remorse? She didn't kill anybody Jeff, |
She didn't infact it gets bad when shes peddaling her own crap at her news confrence hell maybe if I get arrested for murding someone I'll say something like. "Hey I know that I murdered someone but please go and buy my new autobio entitled how I killed you and got away with it, it's only 15.99 for the next few days." But thats ok Shes Martha stewart... |
I'd hardly compare what she did to murder, is what I'm saying, 
-------signature-------
"Nelly, I am Heathcliff! He's always, always in my mind: not as a pleasure, any more than I am always a pleasure to myself, but as my own being."
-Wuthering Heights
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WeAz
Commodore
Joined: 03 Apr 2004
Posts: 1519
Location: Where you aren't
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| Tue Jul 20, 2004 11:17 am |
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but what she did is a grand offense, and if she was a normal person she would get at least a year but since shes rich she gets only 5 months 
-------signature-------
At Least In Vietnam, Bush Had An Exit Strategy
It was Bush, not Clinton, who ignored the warning signs for 9/11.
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