Reality TV World Show Updates   People News   TV Ratings News   Entertainment News   RealityTVDB   POP Hollywood   Spoiler News
Features & Interviews   Sexy Social Pics of the Day   Things to Know Profiles   Message Boards   Shows Listing

HOME > The Apprentice > The Apprentice: Martha Stewart

'Apprentice' star Martha Stewart loses appeal of federal conviction

UPI News Service, 01/06/2006 

A federal appeals court in New York court Friday upheld Martha Stewart's conviction for lying about a stock sale.

Stewart was convicted of conspiracy, obstruction of justice and making false statements and served five months in prison and nearly six months of house arrest, which ended in August.

However, the U.S. Court of Appeals for the Second Circuit in New York Friday gave a second chance to Stewart's stockbroker, Peter Bacanovic, who was convicted of four of five counts in the ImClone stock sale, CNN/Money reported.

Shares of Martha Stewart Living Omnimedia have lost nearly 40 percent in value since her conviction and Friday's action could keep her from returning at the head of her own company, CNN/Money said.

A legal expert told CNN Stewart could take her case to the Supreme Court, but it's unlikely an appeal would be granted because "there are no Earth-shaking issues other than the fact that she's Martha Stewart."

Get more Reality TV World! Follow us on Twitter, like us on Facebook or add our RSS feed.

Copyright 2006 by United Press International

Take Our User Survey

Page generated Thu Oct 27, 2016 18:55 pm in 4.1175379753113 seconds

About Reality TV World   •   Advertise on Reality TV World  •   Contact Reality TV World  •   Privacy Policy   •   RSS Feed

Page read in 0.027619123458862 seconds