Home-Making Mogul Found Guility on All Counts

By: 23 Newsroom
By: 23 Newsroom

Martha Stewart is guilty on all of the charges against her. The verdict came Friday from a jury in New York in the third day of deliberations in her trial.

Her former stockbroker, Peter Bacanovic, was convicted on all but one count.

Stewart was convicted of obstructing justice and lying to the government about her sale of ImClone stock. Prosecutors said she had sold the stock after receiving word that ImClone's founder was dumping his own shares.

They said Stewart and Bacanovic had concocted a cover story to make it appear that they had a pre-existing agreement to sell the stock.

Stewart, who has made a career as the person to turn to for tips on homemaking and gracious living, will almost certainly see jail time. The charges carry up to 20 years in prison, but under federal sentencing guidelines, Stewart will probably get much less than that.

Sentencing is set for June 17.


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