Martha Stewart Convicted, Vows Appeal

By Jim Zarroli,

Melissa Block

Published March 5, 2004 at 12:00 AM EST

Home design icon Martha Stewart vows to appeal after being found guilty of conspiracy, obstructing justice and making false statements to investigators.

Stewart's stockbroker, Peter Bacanovic, is also found guilty of obstruction, conspiracy and perjury, but is acquitted of one charge of filing a false document.

A more serious charge of securities fraud filed against Stewart was dismissed by the trial judge.

Stewart was prosecuted in response to her December 2001 sale of 4,000 shares of stock in ImClone Systems. She unloaded the stock the day before news was made public that a cancer drug ImClone was developing had run into problems with FDA regulation. The drug was later approved.

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SOMOS CONNECTICUT is an initiative from Connecticut Public, the state’s local NPR and PBS station, to elevate Latino stories and expand programming that uplifts and informs our Latino communities. Visit CTPublic.org/latino for more stories and resources. For updates, sign up for the SOMOS CONNECTICUT newsletter at ctpublic.org/newsletters.

SOMOS CONNECTICUT es una iniciativa de Connecticut Public, la emisora local de NPR y PBS del estado, que busca elevar nuestras historias latinas y expandir programación que alza y informa nuestras comunidades latinas locales. Visita CTPublic.org/latino para más reportajes y recursos. Para noticias, suscríbase a nuestro boletín informativo en ctpublic.org/newsletters.

The independent journalism and non-commercial programming you rely on every day is in danger.

Protect Connecticut Public