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Martha Stewart Living Omnimedia rose more than $2, or about 14 percent, to $16 "The government strategy here is going to be to make this case as simple as possible Inserting an unusual twist into their indictment of the domestic diva, prosecutors charge that she committed a crime when she stood up in public last summer and denied engaging in insider trading " Prosecutors say those were lies designed to pump up the stock price of her company "It goes way back to Richard Nixon â€â€? you see people get in more trouble for covering things up than of the actual conduct " â€â€?â€â€?â€â€? On the Net: Stewart defense site: http://www Her former stockbroker, Peter Bacanovic, was also indicted and pleaded innocent "That is clearly the most controversial part of this indictment " "It's extremely damning evidence," said David Marder, a former Securities and Exchange Commission lawyer Proving insider trading in a civil case requires showing only that a "preponderance of the evidence" implicates the defendant "There's kind of a natural tendency when you're confronted with something to deny it The government says Stewart had inside knowledge the stock was about to plummet On Thursday, the home-style guru made an appeal to public opinion, taking out a full-page ad in USA Today and launching a Web site to pronounce herself innocent "The government's attempt to criminalize these actions makes no sense to me," Stewart writes in an open letter on the site, which invites her fans to e-mail her with their thoughts Instead, the SEC charged Stewart with insider trading in a civil action filed Wednesday just after the criminal charges "I was a little surprised at that," said Richard A Stewart was indicted Wednesday on five federal counts â€â€? including obstruction of justice, conspiracy and lying to investigators â€â€? tied to her December 2001 sale of nearly 4,000 shares of ImClone Systems stock marthatalks Now they're charging it as market manipulation " Legal experts said the charge is a high-risk move designed to convince a jury that Stewart hurt thousands of ordinary stockholders in Martha Stewart Living Omnimedia by trying to cover up her legal problems Charges Against Stewart Include New Twist Jun 6, 5:06 AM EST Martha Stewart is accused of deliberately trying to inflate the stock of her own company â€â€? simply by declaring her innocence " Stewart, 61, resigned as head of the company after the indictment, but said she would stay on the board and remain the company's creative chief " "Clearly, a tactical decision was made to shy away from the more complex securities violations," Mintz said "What the government is trying to suggest here is that this was not a victimless crime," Robert Mintz, a former federal prosecutor, said Thursday But it was the charge of securities fraud, placed near the end of the 41-page indictment, that surprised many legal watchers The complaint seeks to ban Stewart from ever leading a public company and force her and Bacanovic to pay more than $45,000 â€â€? the losses they say Stewart avoided by unloading ImClone stock They did not allege she had advance word of the bad news on ImClone â€â€? only that she knew the Waksal family was dumping its stock In the speech, Stewart maintained her sale of ImClone had been perfectly legal, and that she was cooperating "fully and to the best of my ability with investigators Serafini, a former economic crimes prosecutor in New York Convicting someone of insider trading in a criminal case requires proof "beyond a reasonable doubt 45 after her speech Stewart dumped her ImClone stock one day before the government issued discouraging news about an ImClone cancer drug " Still, prosecutors did not actually indict Stewart on the charge of insider trading, an extremely difficult charge to prove in a criminal case com Martha Stewart Living Omnimedia: http://www Critical to the government's case is a claim that Stewart went out of her way to cover up a message from Bacanovic on the day of the ImClone stock sale in which he said he believed the stock would fall While legal experts say the securities-fraud charge could be a reach for prosecutors, they say the rest of the indictment amounts to a daunting case against Stewart The charge cited a speech Stewart gave at an investors conference in New York on June 19, 2002, a week after ImClone founder Samuel Waksal, her longtime friend, was arrested on fraud charges She pleaded innocent to all charges, but could go to prison for several years if convicted com The stock now trades at about $10 More than a month later, the government says, Stewart accessed her assistant's computer phone log and changed an entry about the message to simply: "Peter Bacanovic re ImClone marthastewart In Ireland, which the ex-president still visits yearly for golf and lucrative speaking engagements, Dubliners lauded Clinton as a driving force behind both the country's 1990s economic boom and the peace process in neighboring Northern Ireland Clinton's "Living History" has about 2 , stayed open late Monday night for buyers who wanted to snap up their copies right at midnight Although initial reviews have called the book self-serving and dull, Garry Caldwell, 54, of Sherwood, Ark " Also on the show, Clinton's former press secretary, Joe Lockhart, said he thought "My Life" will make a major contribution to the national dialogue 3 million copies in print, including both hardcover and paperback editions Bookstores in New York, Washington and Little Rock, Ark "He's wonderful, and his wife and their daughter Chelsea The book also went on sale Tuesday in Britain and Ireland; translated copies were being readied in France for a Wednesday launch He had a problem with his reputation, but who doesn't? Nobody's perfect In other countries where translations remained months away, "My Life" arrived in the form of newspaper serializations that focused largely either on Clinton's relationship with his wife, Sen , said she would try to convey a message anyway " Alfred A Rush Limbaugh has said the book should be called "My Lie "It's a historic moment for me," said Margaret Woods, a Manhattan billing consultant who stood in a late-night line of about 100 people at a Barnes & Noble near Lincoln Center With advance orders already topping 2 million, Clinton's book, which runs from his Arkansas childhood through his presidency, appears guaranteed to justify his reported $10 million advance and outsell the memoirs of his wife, who received $8 million " The New York Times' Michiko Kakutani, in a front-page review Sunday, called it "sloppy, self-indulgent and often eye-crossingly dull " Clinton was also scheduled to sign books Tuesday night at Hue-Man bookstore, near his Harlem office " "Bill Clinton is a rock star," said Lynne Roberts, 37, who set up camp Monday night, nearly 15 hours before the signing was to begin Some people, happy to buy the hefty tome and leave without waiting for Clinton's signature, exited the bookstore clutching a Barnes & Noble bag like a prized possession "I love the man Over the next month, he will visit independent booksellers, chain superstores, black-owned stores such as Hue-Man, and price clubs such as Costco Yvette Clarke of Brooklyn got on line at 7:30 a To promote the book, Clinton has served as keynote speaker at BookExpo America, the publishing industry's annual national convention, and been interviewed by "60 Minutes," Time magazine and the British Broadcasting Corp "Clinton was a charmer, whereas Bush is just scary," said Pat Huxtable, a psychotherapist thumbing through a copy of "My Life" in Eason's, the flagship bookstore of Ireland He was a great president â€â€?â€â€?â€â€? Associated Press writers Jennifer Friedlin, Ula Ilnytzky and Jocelyn Noveck contributed to this report The former president joked about his advance at a Monday evening book party in his honor at the Metropolitan Museum of Art, saying, "I hope my publisher makes back its money , among others m Fabulous," said Clarke, who hoped to buy two copies Knopf has given the memoirs a first printing of 1 By midmorning, a sea of umbrellas appeared as a steady rain began falling on the orderly and undeterred assemblage, estimated by police at at least 1,000 Mary Ellen Keating, a spokeswoman for Barnes & Noble, said the chain ordered 300,000 to 400,000 copies of the book for its stores across the country "I think he was a good president â€â€? I think he could have been one of the best presidents except for the scandals He gave a lot of people hope Although fans were told there would be no time to talk to Clinton, Dana Scinto of Stamford, Conn Pre-orders for "My Life" have tripled over the last week at Barnes & Noble and also increased by double digits for Borders, even though the Borders discount for the $35 book dropped from 40 percent to 30 percent for orders made after June 14 5 million " The Rockefeller Center Barnes & Noble planned to give out more than 1,000 wristbands that would allow customers to purchase several copies, but only one autographed by the former president, who was to arrive at 12:30 p "When he was in office, the country was prosperous, people had jobs, the budget was balanced and we weren't at war Those who spent the night on the concrete said an atmosphere of camaraderie helped speed the waiting "I believe in listening to both sides of the argument and making up my own mind," he said Close to 1,000 people filled the museum's Great Hall, including actress Lauren Bacall, folk singer Judy Collins, comedian Al Franken, recent presidential candidate Al Sharpton and TV personalities Barbara Walters and Paula Zahn m Roberts said she played gin rummy with her boyfriend and read a newspaper before swaddling herself in a sleeping bag for a few hours' nap Critics and Clinton's political opponents have not been kind The line snaked from Fifth to Sixth avenues and 48th to 49th streets Hillary Rodham Clinton, or with former intern Monica Lewinsky " But she said it was "boring and too long " On NBC's "Today" show, Bay Buchanan, chairwoman of the conservative-oriente d American Cause organization, called the book's marketing "masterful" and Clinton "a brilliant man , staged a party with trivia contests that drew about 80 people "I think people are going to find the book fascinating," Lockhart said According to her publisher, Simon & Schuster, Sen Fans Line Up to Buy Clinton's Book Jun 22, 11:45 AM EST Eager for a few seconds of face time with their idol, hundreds of Bill Clinton's fans crowded along several city blocks Tuesday near a Manhattan bookstore where he was scheduled to sign copies of his new memoir, "My Life "I want to thank him for eight fun years where he didn't insult my intelligence or rule by fear like our current president," said Scinto, 39, as she waited on 48th Street, a short distance from the Fifth Avenue store entrance " The Books-A-Million store in North Little Rock, Ark "He is our cultural icon and we miss him now more than ever, given everything that's going on in the world , said he wanted to read "My Life" to better understand Clinton's political legacy " He also quipped that despite the size of his advance, "by the time I finished this book I was just about down to minimum wage," so long had he worked on it |
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