Word: stewart
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Dates: during 2000-2009
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...interview the FBI had conducted with Faneuil's former lawyer, Jeremiah Gutman, 80, which hinted at a different version of events. Gutman said he couldn't remember whom Faneuil had identified--Bacanovic or Waksal--as the one who had instructed him to pass on the tip to Stewart. Gutman's confusion raised doubts, at least temporarily, about the basis of the prosecution's case. Faneuil will have a chance to address them when he testifies this week, but the defense is already questioning his reliability and charging the government with trying to shield him. "It is very disturbing that...
After months of agonized waiting for her high-profile trial to begin, Martha Stewart looked almost upbeat last week as she finally had her first days in court. Sporting clean-line pantsuits and clutching a Hermes Birkin handbag (starting price: $6,000), she looked--for once--perfectly out of place in an otherwise musty courtroom in downtown Manhattan. And when the judge unexpectedly delayed for a week testimony from Douglas Faneuil, a key government witness, Stewart left the courthouse with a smile on her face...
...smile may not last long. The charges against Stewart of federal securities fraud and obstructing a government investigation relating to her December 2001 sale of 4,000 shares in ImClone Systems could bring her 30 years in jail if she is convicted. But experts are scoring Round 1 in the legal battle to the defense...
...complex case hinges on the testimony of Faneuil. As an assistant at Merrill Lynch, he was covering for his boss Peter Bacanovic, Stewart's stockbroker, on the day the controversial shares were sold. Bacanovic, also a defendant at the trial, was on vacation in Florida when Faneuil called to say that ImClone CEO Sam Waksal intended to dump his shares--which seemed to suggest the share price was set to fall. Prosecutors say Bacanovic told Faneuil to alert Stewart. The defendants have repeatedly denied that this exchange took place, which could be construed as leading to insider trading...
When MARTHA STEWART arrived at her federal trial on obstruction-of-justice and securities-fraud charges last week, court watchers tittered that her pricey purse made her look elitist. Stewart carried an Hermes Birkin bag, which starts at $6,000. But really, shouldn't Stewart's jury pool be concerned with weightier questions, like how the brown Birkin pairs with an orange jumpsuit...