Stewart convicted on all counts in ImClone case
Jurors found Stewart guilty on conspiracy, two counts of making false statements and obstruction of justice after a three day deliberation. Bacanovic was convicted of conspiracy, making a false statement and obstruction of justice but acquitted of making a false document. Each count carries up to five years and a $250,000 fine. The case centers on dumping about $228,000 in ImClone stock the day before FDA findings were announced.
MENTIONED IN THIS ARTICLE
Chappell Hartridge
Stewart
Bacanovic
Food and Drug Administration
Martha Stewart Convicted in Stock Case Draws Attention
Stewart faces four felony counts after a December 2001 ImClone stock sale with obstruction and perjury charges. Baker University economist Kevin McCarthy says her fame makes the issue of market regulation more accessible, while prosecutors cite deception and record tampering. Waksal later admitted trading on advance word, and he serves seven years. Stewart plans an appeal and maintains her innocence as the wider crackdown on corporate crime continues.
MENTIONED IN THIS ARTICLE
Martha Stewart
Baker University
Stewart
Enron
Kevin McCarthy
Baldwin’s
Waksal
FDA
Martha Stewart conviction dams brand and company plans
AP reports Martha Stewart's obstruction of justice conviction threatens Stewart's media empire as advertisers fear tarnished image. Analysts say ads may decline while cash reserves of 170 million help MSO weather several quarters. Board will meet to evaluate actions. experts note brand rebuilding will take years.
MENTIONED IN THIS ARTICLE
New York
Martha Stewart
Martha Stewart Living Omnimedia Inc
MSO
Stewart
Seth Siegel
The
Beanstalk Group
Marc Morrone
Siegel
T.K. MacKay
Morningstar
Martha Stewart Living
Juror Reflects On Stewart Defense After Verdict
Bronx resident Hartridge, the only juror to speak, says Stewart’s defense relied on a minimalist strategy and failed to present more witnesses or have Stewart testify. He notes he would have liked to hear from Stewart and credits Bacanovic assistant Faneuil as foundational to the case’s defense.
MENTIONED IN THIS ARTICLE
Nician
Stewart
Hartridge
Douglas Faneuil
Bacanovic
Fortified grains linked to fewer heart deaths study
A study by CDC researchers finds folate fortification in bread and grain products coincides with reduced stroke and heart disease deaths. From 1998 to 2001 folate intake appears to have lowered stroke deaths and accelerated declines in heart disease, with the most notable gains among black men. overall long-term effects remain gradual and influenced by other risk factors.
MENTIONED IN THIS ARTICLE
Ation
Nutrition Council
CDC
Yang
Eckel
Also Mentioned on This Page
Prof
Beth Lawton
Journal-World
Federal Securities and Exchange Commission
McCarthy
World Online
ImClone
Sam Waksal
Multimedia Empire
Stewart’s Company
Yin
Dave Bales
Clinton Parkway
Center
Martha Stewart Omnimedia
Sharon Patrick
New York Stock Exchange
William Johnston
By Jean Marbella
Baltimore Sun
Eve Ensler
Liberty Hall
GaDuGi SafeCenter
Mieh Junco
Lawren
Baldwin City
Prairie Ridge Place
Melrose Lane
Lawrence
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