Martha Stewart Judge Tosses Fraud Charge
Posted on Fri Feb 27, 2004 at 09:06:22 AM EST
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Great news for Martha! The Judge has thrown out the securities fraud charge against her.
The charge accused Stewart of deceiving investors in her company, Martha Stewart Living Omnimedia, by lying about her sale of ImClone Systems stock. "Here, the evidence and inferences the government presents are simply too weak to support a finding beyond a reasonable doubt of criminal intent," the judge wrote.
U.S. District Judge Miriam Goldman Cedarbaum left intact four other charges against the celebrity homemaker - conspiracy, obstruction of justice, and two counts of lying to investigators.
The Judge did not dismiss any counts against co-defendant Bacnovic. Closing arguments will be Monday. The Judge's 23 page ruling should be available here soon.
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