Tuesday, May 28, 2024


Martha Stewart Gets Five Months in Prison, Five Months Home Detention

Westport’s Martha Stewart today was sentenced to five months in prison, five months of home detention and a $30,000 fine for lying to federal authorities investigating her sale of stock in a friend’s company. stewarttv07160401.jpg
Westport’s Martha Stewart addresses reporters after her sentencing. CNN/WestportNow.com photo

Just before her sentence was pronounced, Stewart asked the judge to “remember all the good I have done.”

“Today is a shameful day. It’s shameful for me, for my family and for my company,” she said.

Stewart told the court she would serve her home detention at her Westchester County home in Bedford, N.Y.

Her lawyer asked that she not have to wear an electronic monitoring device, but the judge denied the request.

Her lawyer also asked that she be allowed to serve her prison time in Danbury. The judge said she would pass on the request to the Bureau of Prisons.

Meanwhile, Stewart’s lawyers said she would be appealing the sentence. Some legal experts said it could be sometime in 2005 before Stewart actually sees the inside of a prison.

After the sentencing, Stewart made a statement from the courthouse steps, thanking supporters and expressing regret for the harm done to her company employees.

She said during her ordeal, she had been “choked and almost suffocated to death” in a circus-like atmosphere. She said 200 of her employees had lost their jobs because of her case.

“I will be back…I’m not afraid, I’m not afraid whatsoever,” Stewart said. “I’m just very, very sorry it’s come to this.”

Stewart had faced up to 16 months in jail for lying to investigators probing her Dec. 27, 2001, sale of nearly 4,000 shares of ImClone Systems Inc. stock.

U.S. District Judge Miriam Cedarbaum rejected Stewart’s bid to avoid prison. Stewart sought to serve her sentence in community service helping underprivileged women launch their own businesses.

Stewart, 62, and her former Merrill Lynch & Co. broker, Peter Bacanovic, 42, were convicted March 5 of obstructing justice.

At an afternoon session, Bacanovic was sentenced to the same sentence as Stewart—five years in prison and five months home confinement. He was given a $4,000 fine.

4 thoughts on “Martha Stewart Gets Five Months in Prison, Five Months Home Detention

  1. This is ridiculous. When a man goes to prison for 7 months for molesting a child – how can they even rationallize prison time for Martha? She should be used to her fullest potential and provide community service. Your system is pathetic.

    From a Canadian.

  2. why not have Martha do community service for 8 hrs a day 5 days a week for 6 months to help the poor in some way. How many people will be hurt if she goes to jail.
    people rob banks, assault wives, vandilized property, politicans steal,lie and cheat the public and guess what most of all these people get away with it and its okay.
    Is it a wonder the laws are a joke.

  3. Bravo for Martha. She has already endured the worst. She will rise from this ordeal stronger than ever and the masses of people who want to see a strong woman fail will have to bottom-feed elsewhere for entertainment.
    Susan Farewell, Westport

  4. This is insane. Martha did do a wrong yes but serving time in prison is simply not the way to go. Give me a break! Why not allow her to use her power,brains and energy helping others.

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