Martha Stewart Found Guilty

Convicted on All Counts

[Hunter]

Not "a good thing" for Martha

Associated Press [story.news.yahoo.com]

[bcolflesh]

Eventually everyone from Nutley, NJ winds up in Federal Prison - it was just her turn.

[pendanticist]

So, now we sit back and watch who jumps ship.

[mykel79]

What I find most interesting is that she's going to serve years in prison, because she was greedy enough to want to save $51.000. For her that's small change. I guess if someone's just so stupid, there is no hope.

[Hunter]

I really don't think it was as much about greed as it was about feeling special/privileged and connected...she new the rules and got caught with her hand in the cookie jar. Her first mistake was her belief that she is privileged and has rights that others don't. Her second and largest mistake was acting privileged when confronted and attempting to cover up her crime...her cover-up is what got her in so much trouble. If she had simply come forward with the truth when first confronted, her Company and reputation would not have taken such a huge hit IMO. When you are well known and you basically call the US Government a liar when they come after you and act like they will never prove your crime...well good luck

[pendanticist]

Her stocks are being reported as down by 23 percent AND have losses due to declining stock at over 180M to date.

[chrisnrae]

Yea, I saw this on CNN - she could serve up to 20 years for, as a poster here inferred, chump change. Some people are simply too greedy, and unforunately for her, she got caught. Now, I wonder if she'll decorate the cell in a lime green or lilac color? ;)

[EliteWeb]

busted.

[Jon_King]

I'm wondering what Lawman thinks about this...

[Robino]

YES! Finally someone pays!

They got the big one this time!

BAH!

[lawman]

>>I'm wondering what Lawman thinks about this...

1. I didn't really follow it.

2. Prosecutors love high profile cases. I don't believe this one would have even been charged if it weren't high profile.

3. Never lie to investigators in a federal case. If she'd invoked her right to remain silent, she would have skated.

4. Why hasn't anyone from Global Crossing gone to jail?

[hannamyluv]

They got the big one this time!

Right. Top dogs at Enron and WorldCom walked off with millions and have yet to see a trial (though some, not all, have been indicted) and this is the big one at $50,000 and change?

While I think she should pay her dues for cheating, the government has bigger fish to fry and it makes me wonder why they are wasting their time here.

[lgn1]

After the press is finish, the company stock should
be deeply depressed and a good buy.

Basically, her product line is good quality at a reasonable price. I don't believe she will serve any jail time and will bounce back from this.

[chrisnrae]

CBS Affiliate to Pull Plug on Martha Stewart Show
[ap.tbo.com]

[Hunter]

>3. Never lie to investigators in a federal case. If she'd invoked her right to remain silent, she would have skated.
Agree lawman, she should never have said a word without her personal lawyer (she used her company's lawyer and even then not until making some statements to the FBI) and should have requested her statements be taped so that they could not be used out of context etc...

>the government has bigger fish to fry and it makes me wonder why they are wasting their time here.
hannamyluv, I would say they went after it because they saw it as easy and because Stewart arrogantly waved them aside.

>I don't believe she will serve any jail time and will bounce back from this.
lgn1, She may bounce back but she will definitely serve some time. It may only be 3 - 6 months but she will serve it, I would bet on it.

[martinibuster]

>>>the government has bigger fish to fry

Absolutely. Martha was an easy target.

There are many who are more deserving of jail who are getting away with multimillion dollar thefts. Hopefully we'll see some of them go to jail soon.

[KeithDouglas]

Hopefully we'll see some of them go to jail soon.

I agree. I assume that other cases (eg. Enron) are taking much longer because the crimes are much more complex.