Martha Stewart did not go to jail for insider trading. In fact, based on what I know of the facts of the case, I probably could have gotten her off on those charges.
No, she was sent to jail for lying to federal investigators. Specifically, for Conspiracy to Obstruct Justice, False Statements, and Perjury.
The one-count indictment is here – United States v. Martha Stewart
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Mark J. Astarita, Esq. represents investors, financial professionals and firms in litigation, arbitration and regulatory matters across the country. He is a partner in the national securities law firm of Sallah Astarita & Cox, LLC and can be reached by email at mja@sallahlaw.com or by phone at 212-509-6544.
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