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In return for prepaying an airplane ticket, accommodation, spending money, transportation and other promotional costs, the model agreed to a work term of usually 2 months From high-fashion shoots to tv commercials and uniform catalogues, their models have proven themselves versatile in front of any kind of camera and it's their intention to see that they land as many jobs as possible Hence the name "contract agency To cover the relatively high costs of Tokyo, guarantees within contracts were introduced to cover the model's initial and living expenses plus some in tow As the usage of western models grew increasingly popular in advertising, Japanese agencies began scouting the world over to meet the growing demand Although the agency essentially accepts all the risk involved, it is very important to note that this is a GROSS GUARANTEE, and by no means is this guaranteed cash in the model's pocket after the 2 months are up " Contract agencies specialize in all forms of print work, but they certainly don't limit themselves Slightly confused? It's not surprising Promising models were then offered short-term contracts to work in Japan It is, rather, a lump sum of money BEFORE the model's cut, and BEFORE the deductions in expenses Let's look at an easy-to-follow example in: Most guarantees range from 1 million yen (~$7500 US) to 2 million yen ($15,000 US), depending upon the experience and the perceived potential earnings of the model S The worksheet, among the most critical pieces of government evidence in the trial, is a summary of gains and losses in 36 stocks Stewart owned in late 2001 at Merrill Lynch Douglas Faneuil, a former Merrill Lynch & Co Stewart, for example, initially claimed she spoke to Bacanovic on Dec Pasternak was flying on a private plane with Stewart on the day Stewart sold her stock, and testified Stewart had "a raised tone of voice" on the telephone at a refueling stop in Texas Waksal, a friend of both Stewart and Pasternak, is serving a seven-year prison sentence for insider trading Bacanovic made circles, check marks and other notations in blue ink on the document "The '(at)60' entry is a different ink than the remaining entries on the document," said the forensic scientist, who is no relation to Martha Stewart Stewart is accused of securities fraud â€â€? misleading investors in her own company, Martha Stewart Living Omnimedia, by claiming in 2002 that she was innocent and telling the public about the $60 agreement Stewart is charged with five criminal counts that carry a maximum prison term of 30 years It was on a call from the refueling stop that Stewart sold her stock 27, then quickly ordered her to change it back While Stewart is not charged with knowing about the review, she told investigators in 2002 she did not recall being told anything about Waksal trying to sell The government has also laid out differences in the stories Bacanovic and Stewart told federal investigators assistant, testified that Bacanovic ordered him on Dec Prosecutors say that was a cover story Prosecutors wanted to raise the issue to head off assertions by Morvillo that the homestyle guru would not have focused closely on her sale of ImClone Systems stock Outside the jury's presence Thursday, U Prosecutors, who plan to rest their case Friday, have amassed damaging testimony against Stewart and Bacanovic 30, 2001, on a terrace at a Mexican resort where they were vacationing Stewart and Bacanovic claim they had made a deal earlier in December 2001 to dump Stewart's ImClone shares if the stock fell below $60 Larry Stewart also admitted a dash mark next to an entry on the worksheet for Apple Computer could have been made in the same ink as the "(at)60" mark â€â€? but also could have been in hundreds of other kinds of ink 27, rather than his assistant Lawyers for both Stewart and Bacanovic will have a chance Friday to cross-examine Pasternak The testimony by Mariana Pasternak was perhaps the most damaging yet against the homemaking mogul, who told investigators three months later she had no memory of being tipped about Waksal Pasternak, a friend of Stewart for more than 20 years, said she had the conversation with Stewart on Dec Earlier Thursday, a Secret Service forensics expert testified that a notation of "(at)60" on a worksheet Bacanovic used to track Stewart's portfolio had been made in a different ink than other marks on the sheet The "(at)60" mark, also in blue ink, is underlined and appears next to an entry for Stewart's 3,928 shares of ImClone , said she and Stewart had been friends for more than 20 years, spoke by phone every day and had traveled together to Peru and the Galapagos Islands He and his family frantically sold, or tried to sell, their shares ahead of the drug announcement District Judge Miriam Goldman Cedarbaum blocked the government from showing jurors that Stewart haggled over reimbursements from her company for haircuts and other minor expenses "I remember Martha saying Sam was walking funny at the Christmas party, that he was selling or trying to sell his stock, that his daughter was selling or trying to sell her stock," Pasternak testified Friend: Stewart Knew Waksal Dumped Stock Feb 19, 7:25 PM EST Three days after dumping her ImClone Systems stock, Martha Stewart confided to a longtime friend that she knew ImClone CEO Sam Waksal had tried to sell his own shares, the friend testified Thursday The pair were staying at Las Ventanas, a luxurious resort in Los Cabos, Mexico She said Stewart added: "Isn't it nice to have brokers who tell you those things?" Stewart and broker Peter Bacanovic are accused of lying to investigators about why Stewart dumped her 3,928 shares of ImClone â€â€? just before the stock sank on a negative government review of an ImClone cancer drug That sale netted less than $250,000 for Stewart, who once was worth $1 billion Bacanovic is charged with five counts carrying 25 years Pasternak, a real estate agent who like Stewart lives in Westport, Conn Prosecutors displayed records showing the two ran up tens of thousands of dollars in bills for spa treatments, individual meals and other services Larry Stewart, considered the nation's top ink expert, said infrared and ultraviolet light tests had confirmed differences between the "(at)60" entry and other marks He said the government did not conduct full tests on the dash in part because it was marked over with yellow highlighter, contaminating some of the sample Bacanovic's team contends he simply used different pens in his work Under cross-examination, the ink expert said it was impossible to tell how many pens had been used to mark on the document Federal guidelines routinely reduce sentences to far less than the maximum 27, 2001, to alert Stewart that the Waksals were trying to sell â€â€? then pressured him to cover it up Ann Armstrong, a personal assistant to Stewart, testified Stewart herself altered a computer log of a message Bacanovic left on Dec |
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