Word: fraud
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That same resolve--sometimes seen as arrogance--was on display when Stewart stepped into a federal courthouse last week to be fingerprinted, photographed and indicted for obstruction of justice and securities fraud by the U.S. Attorney's office in New York City. Settlement talks had failed, and her lawyers' efforts to win an audience with Justice Department officials in Washington had gone nowhere. In the end, the Financial Times reported, Stewart, 61, would not agree to any plea that required jail time. She walked into the downtown Manhattan courtroom to be charged, as her daughter Alexis, 37, waited quietly...
...Xiaoqing Detained for tax fraud, the former movie star is now doing time in a detention center...
...CHARGED. MARTHA STEWART, 61, American lifestyle icon; with securities fraud and obstruction of justice; in New York City. Stewart, founder of Martha Stewart Living Omnimedia, is also being prosecuted by the Securities and Exchange Commission for insider trading of shares in ImClone Systems a day before the biotech company announced that its application to market a cancer drug was rejected. She has pleaded not guilty to all charges for which she could face up to 30 years in prison...
...shelves, even as she was being hailed by many Democrats as her party's best hope of recapturing the presidency. Martha, meanwhile, was stepping down from the presidency of a billion-dollar empire she started from scratch, having been arraigned at Manhattan's federal courthouse on charges of securities fraud and obstruction of justice. She may have been spared the perp walk, but the sight of Martha in such imperfect circumstances was a shock - the only visible touch of the domestic goddess of old being the spotless white umbrella held above her head...
...thing as going too far. The prosecution needed to show Stewart wasn't above the law, which they've done, and now needs to show she's not beneath it. But should Stewart be forced to choose between her right to declare her innocence and being charged with securities fraud or face indictment unless she agrees to jail time? Martha deserves much of what's she's gotten. But has she behaved more arrogantly than Citigroup's Sandy Weill and Jack Grubman, or bankrupted her company buying $15,000 umbrella stands? Does she deserve to be hung in the town...