Lifestyle guru Martha Stewart may begin her five month prison sentence early, although she still intends to appeal her conviction, her lawyer announced on US television on Monday.
Earlier this month, Stewart was sentenced to five months in prison and a further five months under house arrest after being found guilty of conspiracy, obstruction of justice, and making false statements in relation to her decision in 2001 to sell shares in ImClone Systems Inc. on the advice of her stockbroker, Peter Bacanovic, shortly before they plummeted in value.
Attorneys for the founder of Martha Stewart Living Omnimedia are reportedly planning to challenge her conviction in the 2nd US Circuit Court of Appeals on the grounds of several pretrial and trial evidentiary rulings by the presiding judge, perjury allegations levelled at government ink expert Lawrence Stewart, and suggestions that one of the jurors at the trial had lied in order to obtain his place on the jury and convict Stewart.
Reports also emerged following the sentencing of Stewart that the defense team intends to argue in the appeals court that Southern District Judge Miriam Goldman Cederbaum was in error when she denied a request to inform the jury that she was not being charged by the government with the greater crime of insider trading.
However, speaking on ABC's 'Good Morning America' show this week, attorney Walter Dellinger explained that Stewart (who resigned as CEO of Martha Stewart Living Omnimedia, but retains the title of founding editorial director) is prepared to commence her custodial sentence "at a time that's best for the company".
In an earlier interview with the Associated Press, he revealed that "any thought she might give to voluntarily beginning her sentence is based upon her desire to devote her full time to her company as soon as possible".
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment