Word: stewart
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Dates: during 2000-2009
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During the third week of stinging testimony by government witnesses, the Martha Stewart case reached a dramatic high point with the emotional testimony of her longtime secretary, Ann Armstrong. The feds accuse Stewart of conspiring with her stockbroker (and co-defendant) Peter Bacanovic to conceal her dumping of ImClone Systems stock in December 2001 after getting an inside tip. Her secretary burst into sobs before recounting how Stewart doctored a phone message from Bacanovic that Armstrong had taken--implying an attempted cover-up. According to the government, Stewart lied when she later denied knowledge of the phone-log entries...
...sources close to the defense tell TIME that Stewart's attorney Robert Morvillo intends to highlight discrepancies between notes taken at that interview by a rookie FBI agent and those taken by one of Stewart's attorneys, Stephen Pearl. According to Pearl's notes, Stewart did not deny knowing about the phone log but said only that she didn't know the time the message was taken. Because Armstrong didn't record the time, the defense will say Stewart didn't lie. The judge, meanwhile, is giving the prosecution little leeway to prove Stewart committed securities fraud by misleading...
Legal experts agreed the week had not gone well for Stewart. Greg Markel, chair of the litigation department at the New York City--based law firm Cadwalader, Wickersham & Taft, says revealing the email backfired, and Apfel may have created a chasm between the two defense camps. "It seems to me it was never a particularly strong point for Bacanovic," says Markel. "And for Martha, it played completely differently. She just looks like an ogre...
Faneuil's apparent credibility as a witness may leave the defense no choice but to let Stewart take the stand to try to refute his testimony. Stewart's lawyers would rather she didn't, as she can be a polarizing figure. It's the ultimate gamble, and if she loses it, she could join her friend Waksal, who is imprisoned for securities fraud. In an ironic twist, Waksal's company, ImClone, the source of their troubles, has rebounded. Encouraging research on its colon-cancer drug Erbitux has sent the stock price back up to about $41, after it plunged...
...CASES GOING ON NOW. DO FAMOUS PEOPLE GET SINGLED OUT BY LAW ENFORCEMENT? You have to look at each case. I don't think Robert Blake was singled out. He has a unique case, and he claims he's innocent. We'll have to see. But I think Martha Stewart has been singled out for prosecution. They really dug pretty deep to bring charges against her, and I'd be surprised if she wasn't acquitted...