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Financial Fraud Law

This Day in Financial Fraud History: Martha Stewart Convicted

 It has been exactly 10 years since a federal jury convicted Martha Stewart of four felonies for making false statements related to her sale of ImClone stock.

In a statement Stewart issued after the jury’s decision, she said that she was “obviously distressed by the jury’s verdict” but that she “continue[d] to take comfort in knowing that I have done nothing wrong and that I have the enduring support of my family and friends.”

Ultimately, she served five months in prison.

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