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Enron, Worldcom Ceo's etc don't seem to be getting the same Justice as Martha Stewart is for her alleged insider trading! And stealing billions VS $2OO,OOO made on inclone seems out of wack to me! What's up with that? Is this just a ploy to protect some of the Power Elite Buddies or is this Sex based?
Martha Stewart
Declares Innocence In Ad
By Michele Gershberg
6-5-3
NEW YORK (Reuters) - Martha Stewart professed her innocence to the American public in a newspaper advertisement and on a Web site on Thursday, a day after she was charged with securities fraud and lying to authorities.
With flourishes once reserved for cake decoration, Stewart's signature graced an open letter dedicated to "friends and loyal supporters" published as a full-page ad in USA Today and on a new Web site, www.marthatalks.com.
"I want you to know that I am innocent -- and that I will fight to clear my name," Stewart wrote in the letter, throwing out an open challenge to U.S. prosecutors in what is expected to be one of the biggest media spectacles since the trial of O.J. Simpson on murder charges.
The Web site carried a smiling photo of Stewart alongside a letter in lime-green type, as well as a link for readers to send e-mail to Stewart.
The battle for public opinion began to escalate on Wednesday, when the government indicted Stewart and her former stockbroker, Peter Bacanovic, for allegedly interfering with a probe into the suspicious timing of Stewart's ImClone Systems Inc. stock sale.
Stewart's prim and composed appearance at a New York courthouse, where she pleaded not guilty to the charges, was greeted by a crush of local and foreign media.
Hours after her arraignment, Stewart resigned her positions as chairman and chief executive of Martha Stewart Living Omnimedia Inc., a multi-million dollar lifestyle empire she had built out of a small catering business.
Yet the media-savvy Stewart, 61, had been prepared to fight back.
She has hired Citigate Sard Verbinnen, a New York firm well known for its concentration on corporate crisis communications and mergers and acquisitions, to handle her public relations effort.
Christopher Byron, author of a book on Stewart, said the television personality and former model would play hard on her image as "America's perfect woman," and the suggestion that she is being unduly pursued due to her celebrity, to win sympathy for her defense.
Byron wrote in the New York Post on Thursday that Stewart's aura of success, capped with good taste, "has teed her up as Wall Street's perfect victim in a world of jealous, threatened men," including several corporate officers under investigation for crimes of a far larger scope.
Stewart and Bacanovic, who was a broker with Merrill Lynch & Co., conspired to "fabricate and attempt to deceive investigators with a fictitious explanation for her sale," the 41-page indictment said. The criminal charges against Stewart include securities fraud, conspiracy to obstruct justice and making false statements.
Stewart sold nearly 4,000 shares the day before ImClone, headed by Sam Waksal, who was a close friend of hers, delivered bad news that caused its stock to plummet.
"This criminal case is about lying, lying to the FBI, lying to the SEC and lying to investors. That is conduct that will not be tolerated by anyone," U.S. Attorney James Comey said at a news conference on Wednesday.
Separately, the U.S. Securities and Exchange Commission, filed a civil suit on Wednesday charging that Stewart committed insider trading on an unlawful tip from Bacanovic.
Shares of her company, Martha Stewart Living, were up 7 cents in morning trade at $10.07.
Martha Stewart
Declares Innocence In Ad
By Michele Gershberg
6-5-3
NEW YORK (Reuters) - Martha Stewart professed her innocence to the American public in a newspaper advertisement and on a Web site on Thursday, a day after she was charged with securities fraud and lying to authorities.
With flourishes once reserved for cake decoration, Stewart's signature graced an open letter dedicated to "friends and loyal supporters" published as a full-page ad in USA Today and on a new Web site, www.marthatalks.com.
"I want you to know that I am innocent -- and that I will fight to clear my name," Stewart wrote in the letter, throwing out an open challenge to U.S. prosecutors in what is expected to be one of the biggest media spectacles since the trial of O.J. Simpson on murder charges.
The Web site carried a smiling photo of Stewart alongside a letter in lime-green type, as well as a link for readers to send e-mail to Stewart.
The battle for public opinion began to escalate on Wednesday, when the government indicted Stewart and her former stockbroker, Peter Bacanovic, for allegedly interfering with a probe into the suspicious timing of Stewart's ImClone Systems Inc. stock sale.
Stewart's prim and composed appearance at a New York courthouse, where she pleaded not guilty to the charges, was greeted by a crush of local and foreign media.
Hours after her arraignment, Stewart resigned her positions as chairman and chief executive of Martha Stewart Living Omnimedia Inc., a multi-million dollar lifestyle empire she had built out of a small catering business.
Yet the media-savvy Stewart, 61, had been prepared to fight back.
She has hired Citigate Sard Verbinnen, a New York firm well known for its concentration on corporate crisis communications and mergers and acquisitions, to handle her public relations effort.
Christopher Byron, author of a book on Stewart, said the television personality and former model would play hard on her image as "America's perfect woman," and the suggestion that she is being unduly pursued due to her celebrity, to win sympathy for her defense.
Byron wrote in the New York Post on Thursday that Stewart's aura of success, capped with good taste, "has teed her up as Wall Street's perfect victim in a world of jealous, threatened men," including several corporate officers under investigation for crimes of a far larger scope.
Stewart and Bacanovic, who was a broker with Merrill Lynch & Co., conspired to "fabricate and attempt to deceive investigators with a fictitious explanation for her sale," the 41-page indictment said. The criminal charges against Stewart include securities fraud, conspiracy to obstruct justice and making false statements.
Stewart sold nearly 4,000 shares the day before ImClone, headed by Sam Waksal, who was a close friend of hers, delivered bad news that caused its stock to plummet.
"This criminal case is about lying, lying to the FBI, lying to the SEC and lying to investors. That is conduct that will not be tolerated by anyone," U.S. Attorney James Comey said at a news conference on Wednesday.
Separately, the U.S. Securities and Exchange Commission, filed a civil suit on Wednesday charging that Stewart committed insider trading on an unlawful tip from Bacanovic.
Shares of her company, Martha Stewart Living, were up 7 cents in morning trade at $10.07.
