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Not a Good Thing for Martha
TIME's look at Stewart's crucial mistakes, both before and during the trial
MarthaTalks.com
Stewart's own site set up to react to the charges against her now features a letter about her conviction
Martha's Mistake
The New York Post agrees with the decision as "a victory for the little guys"
Courtroom Tales of Martha's Lies
The New York Times claims Stewart's and Bacanovic's deceptions did them in
Stewart Is Small Catch
She was rich and famous, but using Stewart to draw a lesson about corporate corruption is too much of a stretch
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March 8, 2004
Do you agree with the jury in the Martha Stewart trial?
Martha Stewart was convicted along with her broker Peter Bacanovic last Friday on charges related to her dumping shares of ImClone stock in 2001. The verdict was hailed by some as a victory against the insider culture of corporate corruption, but others have said Stewart was a scapegoat for larger problems and that her conviction solves nothing. Regardless, her empire is reeling from the news, and she may face up to 20 years in prison if she receives the maximum sentence for each count against her. What do you think? Does Stewart's conviction send a message, or is it harsher than necessary?
Send us your thoughts


Martha Stewart's lawyer should take full responsibility for the advice they gave her at the beginning of this affair. If Martha had plead guilty and agreed to testify against Sam Waksal, she would have probably gotten off with just a fine. The lawyers seem to be giving her the wrong advice again about her appeal. I am concerned she will get a longer prison term for listening to them.
David Harris
Euless, Texas
Yes. Keep in mind, the jury only has to weigh the facts of this case, not the Enron case, not the Tyco case, etc. They did what they had to based upon the evidence presented. Martha's arrogance in telling the truth was even contagious to her lawyers, hence a pompous defense that the jury didn't buy. Justice was served here.
V. Morrison
Houston, Texas
Martha Stewart has brought quality merchandise and class at affordable prices to the average Amrican household. What she did has probably been done thousands of times by other executives. Do the feds think we will be content by their throwing Martha in jail? Sorry, it's Kenny Boy [Ken Lay] I want to see go to prison, not poor Martha.
Lorraine Marino
Yucca Valley, Calif.
I feel for Martha. If someone phoned me and told me I was going to lose $100 later that day, I'd try to do something about it. It's a hard thing to just watch your money go up in smoke, especially if you've been warned before the fire starts ... but that doesn't make what she did right.
Jym Morton
Toronto, Ontario, Canada
Why is it so many people who never gave a fig for women's rights and always claimed that there's no need for feminism are now crying that Ms. Stewart is a victim of discrimination? What happened to the line that there is no discrimination in America, and no need for a constitutional amendment (the late ERA) guaranteeing equality for women? I agree with the letter writer who said the only error was throwing out the securities fraud charge.
Dorothy Friend
Yonkers, N.Y.
I wanted her to get off. She has created and built her empire from primarily her own hard work. From what I can see, she has been convicted of something that every CEO in this country does every year: trade on inside information.
Dan Burnes
San Diego, Calif.
If Martha Stewart had not waived her right to remain silent by talking to investigators in the first place, she never would have been charged with obstructing justice and, accordingly, she would not be a convicted felon.
Mark Whitney
San Diego, Calif.
The prosecution of Martha Stewart was frivolouswith so many people who lost their homes, their life savings, their retirement with the Enron scandal alone, yet some U.S. attorneys got excited because Martha lied about a $50,000 transaction? How many people will lose their jobs now because they are employed in businesses and suppliers that are affiliated with Martha Stewart? This whole thing was wasteful and shameful. And the lesson I learned from it is never talk to the government.
L. Hatcher
San Antonio, Texas
The only one I don't agree with is the judge for throwing out the securities fraud charge; otherwise, let Martha spend 20 years behind bars, like Joe Citizen would had this happened to him/her. She's a celebrity but not above the law.
Nancy
Clifton, N.J.
If you do the crime, you should do the timethat's what the law is for. However, a minimun sentence over a maximum sentence is more appropriate here, scapegoat or no scapegoat.
Bonnie Collins
Virginia Beach, Va.
The jury's verdict symbolized the death of the American dream for women. The message is, watch out, honey: if you make it big, the mean-spirited feds will hunt you down. They will also let bona fide crooks like Ken Lay go free. And this is justice?
M.A. Mitchell
Winter Park, Fla.
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