This website uses cookies to ensure you have the best experience. Learn more

Martha Stewart Essay

6500 words - 26 pages

PROSECUTING MARTHA STEWART: THE OVERVIEW; Martha Stewart Indicted by U.S. On Obstruction
By CONSTANCE L. HAYS
Published: June 05, 2003
Martha Stewart was indicted yesterday on charges of conspiracy, obstruction of justice and securities fraud, all linked to a personal stock trade she made in 2001.
She pleaded not guilty and pledged to fight the charges. Hours after her arraignment in federal district court in Manhattan, the media and merchandising company she founded, Martha Stewart Living Omnimedia, announced that she was stepping down as chairwoman and chief executive. She will continue as a director and is expected to remain a force as the company's ''chief creative officer.'' [Page ...view middle of the document...

''That was illegal insider trading,'' the regional director of the S.E.C., Wayne Carlin, said.
Mr. Bacanovic, no longer Ms. Stewart's broker, was also indicted yesterday on criminal charges, including perjury, and is named in the S.E.C. complaint as well. He pleaded not guilty to the criminal charges.
Ms. Stewart seemed composed as she entered a federal courtroom yesterday afternoon, flanked by lawyers and wearing a beige pantsuit. The judge, Miriam G. Cedarbaum, released both her and Mr. Bacanovic without bail, although Mr. Bacanovic was ordered to surrender his passport.
Mr. Bacanovic's lawyer, Richard M. Strassberg, said, ''We are confident he will be fully vindicated at trial.''
If convicted on all the charges, Ms. Stewart could face several years in prison and the possibility of a steep fine. A recent Justice Department directive discourages assigning white-collar offenders to house arrest.
After her arraignment, she did not speak to reporters and photographers massed outside the courthouse in the rain. But her lawyers issued a statement saying she was being made ''the subject of a criminal test case designed to further expand the already unrecognizable boundaries of the federal securities laws,'' and they predicted that she would be ''fully exonerated.''Ms. Stewart has vigorously defended her sale of ImClone stock as ''entirely lawful'' and promised to fight the charges. But she faces an uphill battle. In addition to the civil and criminal cases against her, several groups of investors in Martha Stewart Living Omnimedia are suing her over her conduct. Mr. Comey said he used ''my discretion'' in deciding not to bring insider trading charges against Ms. Stewart and her broker. He said case law would support such charges, but he called them ''unprecedented.''
The S.E.C. contended that Ms. Stewart should have known she was receiving illegal information when Mr. Faneuil told her the Waksals were selling their ImClone shares. It is seeking to have her barred from serving as a director of any public company, including her own, and to limit any executive role in a company.
''From our perspective, this case involved insider trading,'' said Barry Rashkover, the S.E.C.'s associate regional director. ''She is a tippee. We allege that she knew or recklessly disregarded that, and traded on that information.''
Ms. Stewart can be prosecuted for obstruction of justice even if the government does not accuse her of insider trading, said Michael Shepard, a partner in San Francisco at the law firm of Heller Ehrman White & McAuliffe. ''The question is whether you were messing with something that might be material in an investigation,'' he said.
The indictment, returned early yesterday by a Manhattan grand jury, describes a series of meetings between Ms. Stewart and investigators from the S.E.C., the Justice Department and the F.B.I. in February and April 2002. It lists various statements she made that prosecutors contend were false, and details...

Other assignments on Martha Stewart

Mgt216 Essay

714 words - 3 pages The first ethical issue presented in the ethics game simulation was whether to warn consumers about the contaminated product and what information to provide consumers about the contaminant. The second ethical issue was whether to sell a product that does not meet U.S. safety requirements in a foreign market that has lower safety restrictions. G-BioSport was not required to meet prior approval from the Federal Drug Administration before they

Economy Effect Of Marijuana Essay

277 words - 2 pages Modern American History by Alan Renga 2nd Mid Term! You will be given 3 Short Essay questions and 20 Multiple Choice questions deriving from this list! 80 points total! The 1920s Warren Harding then Calvin Coolidge Tea Pot Dome 1st Red Scare Immigration Restriction, Sacco and Vanzetti Langston Hughes, Marcus Garvey, KKK Prosperity, advertising Prohibition, Al Capone Flappers, Clara Bow, Rudolph Valentino Babe Ruth, Jack Dempsey

The Vc Shakeout

2033 words - 9 pages ECONOMY 26 Luring a big firm to town is not the secret to job growth DEFEND YOUR RESEARCH 30 Are morning people wired for success? VISION STATEMENT 32 The social web’s east-west divide COLUMN 38 Warren Bennis looks back on his surprising path to fame New Thinking, Research in Progress hbr.org New Thinking, Research in Progress hbr.org FIRST The VC Shakeout Venture capital hasn’t worked for a decade and must be radically

Hospitals Paper

6014 words - 25 pages I hope to provide in this paper a comprehensive understanding for what the term “hospital” has become. Hospitals are an extremely complex system that man has created and shaped and reshaped throughout history. My goal in writing and researching this paper will be to provide those who read it a clear understanding on how the hospital system got to where it is today, and to shed some light on the many organizations that affiliate with and

Course Syllabus

2610 words - 11 pages [pic] COURSE SYLLABUS Semester: Fall, Year: 2012  College Mission Statement Richard J. Daley College provides high-quality education which leads to academic success, career development, and personal enrichment that fulfill diverse community needs. Mathematics Department Mission Statement Our mission is to deliver excellent service and to provide learning opportunities by offering a wide range of mathematics courses, which will help our

Management

1477 words - 6 pages Boeing Management Planning Heather Oetzel MGT 330 October 22, 2012 Joe Cheng Abstract Boeing is known as “the world’s leading aerospace company and the largest manufacturer of commercial jetliner and military aircraft combined ("The Boeing Company: About Us", 2012). Every company uses different types of management techniques including how the planning function of management is used. Planning allows organizations to develop how the

Assisted Suicide

1015 words - 5 pages Should physician-assisted suicide be legal? While I believe if one chooses to end his or own life through physician assistance for reasons that they chose, the choice should be up to the individual. Physician-assisted suicide should be at one's discretion. “Assisted Suicide, also called Voluntary Euthanasia, is currently a contentious issue in many countries. Because Euthanasia is legal in a few modern democracies: the Netherlands, Belgium

Tanglewood Case 1

797 words - 4 pages Tanglewood’s staffing strategy requires the organization to make key decisions about the acquisition, deployment, and retention of the organization’s workforce. In order to accomplish this, Tanglewood’s must make thirteen decisions regarding its staffing levels and its staffing quality. One of the first decisions that Tanglewood needs to choose is to acquire or develop talent. Tanglewood should try to develop their current talent because one

Nnnnn

1391 words - 6 pages Есе по въпроса: Кои от всички „действащи” лица могат да се разглеждат като морално отговорни и в какво именно? по казуса Форд „Пинто” Корпоративните злодеяния са нанесли повече вреди на обществото от всички улични престъпления взети заедно. Според данни на ФБР сумата от уличните престъпления възлиза на $3.8 млрд. годишно, а загубите от корпоративните измами между $100 млрд. и $400 млрд. годишно

The Penis

1052 words - 5 pages The short story ”The Penis” is written by Hanif Kureishi. The short story is about a penis, which has been separated from its owner Doug, who we hear from later on. At first though we hear about a guy called Alfie who was “a cutter – a hairdresser – and had to get to work”. He is having breakfast with his wife, when she asks him what he did last night, and if he had a good time last night? Alfie can not remember what he did last night, he then

Managed Care Paper

543 words - 3 pages Managed Care and Case Management Care Marvin Lloyd BSHS/402-Case Management 27 August 2012 Virgil Miller Managed Care are techniques employed to help reduce the cost for providing health benefits and a system for improving organizations quality of care

Similar Documents

Ethics And Social Responsibility In Business Strategic Planning

850 words - 4 pages of an unethical behavior for a company or individual was when ImClone's stock price dropped sharply at the end of 2001. They were producing Erbitux, an experimental monoclonal antibody that failed to gain FDA approval. It was later revealed by the U.S. Securities and Exchange Commission that prior to the announcement (after the close of trading on December 28) of the FDA's decision, numerous executives sold their stock. Martha Stewart was tipped

Finance Essay

856 words - 4 pages operations or supply chain management if they feel that improving them will reduce costs and increase profitability. Financial information may help steer a company to make decisions about what products or services they want to continue offering, or what services they may want to add. There are also ethical decisions that must be considered. Take the example of Martha Stewart, who was imprisoned for using insider information to prevent large

Midterm Paper

1336 words - 6 pages the values which consumer markets are plying, to the middle and lower middle class. (That is what Martha Stewart is doing at K-Mart.) But who needs to accept these values? Why not stand for consumption that is democratic, egalitarian, and available to all? How about making "access," rather than exclusivity, cool, by exposing the industries such as fashion, home decor, or tourism, which are pushing the upscaling of desire? This point speaks to the

Alter Eco Essay

6431 words - 26 pages Eco has to multiply his advertising campaign to democratize Fair trade and increase people awareness of this concept. Mass media is effective in raising awareness of Fair trade, with the majority of respondents learning about Fair trade via TV, press, internet or radio. Word-of-mouth is also an important introduction to Fair trade products. In the USA, Alter Eco steps in TV shows, as Martha Stewart Show, a famous cookery broadcasting. It