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Martha Stewart Research Paper

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Martha Stewart
To me, Martha Stewart is a television profile, a happy woman I saw on food shows when I was younger, someone that you'd think is the most genuine person you’ve ever seen on your screen at home while sitting comfortably on your couch wishing you could taste the delicious food or cakes she made. Not to make a general statement and say that everyone with higher status in the society has a bad side, but this woman is someone I would never assume to be a white collar criminal.
She is born in New Jersey has Polish background and is at the end of the summer turning 75 years old, she has 5 siblings. She, just as any normal child from a middle-class family started working as a nanny when she was 10 years old. While every other 15 year …show more content…
But, before this happened, Martha had sold all her 3,921 shares because of nonpublic information she had gotten from her stock broker, Peter Bacanovic. In October 2002, Stewart resigned her position at "Martha Stewart Living Omnimedia," and 8 months later, she was indicated by the government. Securities fraud and obstruction of justice are two of the thing she were accused of. After this she voluntarily stepped down from the title as CEO and Chairwoman of "Martha Stewart Living Omnimedia." In the beginning of 2004 Stewart went on trial and prosecutors showed that Bacanovic's assistant had been ordered to tell Stewart that a company were selling all their shares and in result of that the "Martha Stewart Living Omnimedia" share price would decline. Stewart was found guilty after a 6 week jury trial, and the felony charges were conspiracy, obstruction of an agency proceeding, and making false statements to federal investigators. She had to pay a $30,000 fine and was sentenced to serve five months in a federal correctional facility and be supervised for two years. Two years later her case got settled and she agreed to not serve as a director or CEO of any public company and paid a fine on $137,019. She spent 6 months in prison and after that she was after her release supervised and had restrictions such as for how long she could be out of her house each day for work related

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