by TChris

A federal jury found Martha Stewart guilty on all counts.

Martha Stewart was convicted Friday of obstructing justice and lying to the government about a superbly timed stock sale, a devastating verdict that probably means prison for the woman who epitomizes meticulous homemaking and gracious living.

Under the federal sentencing guidelines, it will be an uphill battle for Stewart to avoid incarceration. She was not taken into custody pending sentencing, but must report to a federal probation office next week to be interviewed for a presentence report. The report will provide the court with information about Martha Stewart's life, and with a recommendation as to the appropriate sentencing guideline to apply to her case. Judges have discretion to impose a sentence within a fairly narrow guideline range, but have very little discretion to depart from the guideline.

Stewart's co-defendant, Peter Bacanovic, was convicted on all but one count.

Stewart is scheduled to be sentenced on June 17.