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Jan 28, 2024 · Martha Stewart was found guilty on charges of lying and obstruction after a shady stock trade in 2004. Here’s everything to know about her fraud case and time spent in prison.
A U.S. Securities and Exchange Commission and U.S. Attorney probe into trading in the shares of ImClone Systems resulted in a widely publicized criminal case, which resulted in prison terms for businesswoman and television personality Martha Stewart, ImClone CEO Samuel D. Waksal, and Stewart's broker at Merrill Lynch, Peter Bacanovic.
Aug 7, 2006 · The Securities and Exchange Commission today announced that it has reached an agreement to settle insider trading charges against Martha Stewart and Peter Bacanovic relating to Stewart's sale of ImClone Systems stock in December 2001.
Mar 6, 2004 · A Manhattan jury found Martha Stewart guilty of all four counts in her stock fraud trial Friday, a verdict that likely means prison time for the woman who epitomizes meticulous homemaking and...
Mar 6, 2004 · Martha Stewart is found guilty by Manhattan jury of lying about reasons she sold 3,928 shares of ImClone Systems over two years ago; Peter E Bacanovic, her former Merrill Lynch stockbroker, is...
The Commission charges Stewart and Bacanovic with committing securities fraud by engaging in illegal insider trading.
Mar 5, 2004 · Waksal later admitted selling his stock based on advance word of the FDA decision and is serving seven years in prison for insider trading. Witnesses in the courtroom said Stewart reacted...
Jun 4, 2003 · On June 4, 2003, the Securities and Exchange Commission filed charges against Martha Stewart, Chairman and CEO of Martha Stewart Living Omnimedia, Inc., and Peter Bacanovic, a former registered representative associated with Merrill Lynch, Pierce, Fenner, and Smith Incorporated, for illegal insider trading. The Commission's Complaint, filed in ...
Jul 17, 2004 · Both she and her former stockbroker, Mr. Bacanovic, were convicted of conspiring to hide the reasons behind her ImClone trade, which netted her about $227,000. They told investigators that it...
Aug 7, 2006 · Martha Stewart reached an agreement today with securities regulators to settle civil insider-trading charges, concluding a five-year legal drama that put a dent in her ubiquitous brand.
