OMG Martha's GUILTY!!

[Robinrs]

http://www.ajc.com/

 

[castlegazer]

Holy cow - I totally did not think it would stick. Way to go for that witness - to think the amount of BS he has had to put up with to get this verdict - being called a drug addict, a liar, a peon.......... Now who's the loser.

 

[Robinrs]

Somehow I cannot IMAGINE Martha in prison....

 

[Poohbear123]

I can........

 

[faithinkarma]

Somehow I cannot IMAGINE Martha in prison....

But it sure is fun trying

 

[castlegazer]

The witnesses' name was Douglas Faneuil, sorry I couldn't remember it for the last post.

Someone gave me a totally funny spoof cookbook a couple years back that had her in prison stripes and cooking behind bars - its the image thats sticking with me right now.

 

[doxdogy]

I have to admit, I am shocked that she was found guilty. Curious to see what type of sentence she will get. Also, what will happen to her stock prices. Reading on another website, it stated that trading on her stock was halted today.

 

[Dax]

Martha in prison....Its a good thing!!!!

 

[Robinrs]

Originally posted by Dax
Martha in prison....Its a good thing!!!!

LOL!!

Now THIS is a REAL Drama Queen reality show!

 

[CEDmom]

It is a shock since I think the judge threw out some of the charges earlier this week. I do wonder though whether she'll actually see the inside of a jail cell. If she does maybe she'll be assigned to the kitchen and can make beef wellington and petite fours for her fellow inmates .

 

[Cruise04]

Her stocks rose considerably today - like from $2 something to $16 something. Just before the verdict was read it was like $15 something according to the news I was listening to.

 

[RUDisney]

Now, for as much as I dislike her, the only thing I think that she did wrong was try to cover-up for her broker. I don't think anyone would have convicted her if she admitted that she acted upon the advice of her broker. Wouldn't you sell a stock if your trusted broker called you with this type of information? If anyone broke the law, it was her broker for giving her insider tips.

There was a case locally several years ago where a group of men overheard someone talking about insider stuff that would affect the stock price. These men were fined with no prison time for trading with this information. It makes me wonder if she was only brought this far along because she is a powerful and successful woman. She only made about $40,000 from this trade. It hardly seems worth the amount of money that was spent on trying this case.

 

[snoopy]

I'm actually quite surprised. I knew none of the specifics, but for some reason I thought it would be proven that she was not guilty. She seemed adamant that she wasn't guilty, and I thought she would prove that to a jury. Totally misjudged that one!

 

[MaryAnnDVC]

Well, geez, I hope she does end up in jail...let's her off the streets and protect our families!

There are a helluva lot of other people far more deserving of incarceration who are walking the streets. But I guess it's not as "fun" to picture them in prison.

 

[sandbar]

I'm surprised, too. I didn't think they'd actually convict her but it's about time she's held responsible for her actions.

Maybe all her merchandise will go on the clearance rack at K-Mart.....

 

[castlegazer]

Originally posted by Cruise04
Her stocks rose considerably today - like from $2 something to $16 something. Just before the verdict was read it was like $15 something according to the news I was listening to.

Brokers were spreading rumors prior to the verdict that the verdict was not guilty and thus pumping the stock price - the trading was shut off for a time because of this. It is now being traded again and is dropping like a stone.

 

[doxdogy]

The stock is now at 10.99 a share, after a high of almost 17.00 today.

 

[Virgo10]

Originally posted by CEDmom
It is a shock since I think the judge threw out some of the charges earlier this week. I do wonder though whether she'll actually see the inside of a jail cell. If she does maybe she'll be assigned to the kitchen and can make beef wellington and petite fours for her fellow inmates .

If that's the case, I may have to do something illegal and get thrown in the same slammer as she is.

I'm surprised that she was found guilty. I felt she was guilty but I figured with all her money some how she'd get off. I can see it now, Domestic Diva Does D Block.

Roberta

 

[castlegazer]

Reuters
Martha Stewart shares plunge after resuming trading
Friday March 5, 3:50 pm ET


NEW YORK, March 5 (Reuters) - Shares of Martha Stewart (News)
Living Omnimedia Inc. (NYSE:MSO - News) fell by more than 25 percent when
they resumed trading after being halted earlier as news emerged
that a jury found Stewart guilty of lying to investigators.
The stock, which fluctuated wildly on Friday on speculation
over the jury verdict and at one point reached as high as
$16.75 in trading on the New York Stock Exchange (News - Websites) , fell to as
low as $10.50 when the shares resumed trading late in the day.
The shares closed at $14.03 on Thursday.

 

[newmousecateer]

Martha was a stockbroker at one time. She knew full well she was receiving insider information. She knew full well she was breaking the law when giving the order to sell. There are a lot of people who are charged with insider trading every year, you just don't hear about them because they are not as high profile as Martha Stewart.