CNN Breaking: Baconovic sentence - 5 months in prison

[Dookus]

plus 5 months house arrest. Same as Martha.



breaking on TV. No link yet.

edited for clarity

[tom_paine]

1. Who?

Don't tell me that's an Enron guy who helped loot BILLIONS.

[Dookus]

2. Martha Stewart's stockbroker

Also given a $4,000 fine.

[maddezmom]

6. link...AP just added a blurb to the M. Stewart article

~snip~
Peter Bacanovic, the high-powered stockbroker who was convicted along with Stewart of lying about her stock sale in December 2001, received the same sentence of five months in prison and five months home confinement.

http://story.news.yahoo.com/news?tmpl=story&cid=530&ncid=530&e=1&u=/ap/20040716/ap_on_bi_ge/martha_stewart

[One_Life_To_Give]

11. Enron wife to prison already

Lea Fastow already reported for her year in prison. Hopefully more to come.


NYDAILYNEWS

[maddezmom]

3. and a $4,000 fine n/t

[AlFrankenFan]

4. Pffft not nearly enough to show corporate America we mean it n/t

[Fridays Child]

5. He got house arrest?

I think Martha got prison.

[Dookus]

7. they got the same sentence

5 months in prison followed by 5 months house arrest. Then 2 years probation. Baconovic got a smaller fine than Martha, though.

[Fridays Child]

8. I see. Thanks for clarifying that.

The story I read on Martha didn't mention the house arrest part of her sentence.

[Dookus]

10. well I didn't word it very clearly, either

but I think both sentences are bullshit. Never should've even gone to trial. They shoulda been offered a misdemeanor plea and a fine.

[Raven]

9. Does anybody know what Martha meant

when she said outside the Courthouse that this had been a "small personal matter" that had grown to "fatal" proportions? I wondered if she had been sick or had had death threats? Anyone know or care to speculate?

[Myrina]

12. She was chiding the Gov't

... for making her the scapegoat of their "go after white collar crime" blah-blah-blah when it was blatantly obvious that they should have been turning over rocks to get Lay's greedy arse behind bars instead of hers... and the resulting bad press etc caused lost jobs for people in her company and possibly damaged her career for Gawd knows how long.

edit: can't spell, it's Friday.

[One_Life_To_Give]

13. Laws don't apply to her

Probably thinks that being a CEO should exempt her fro mdealing with pions like the SEC.

[papau]

14. She should know she is no Bush who can order SEC to close investigation

into his insider trading (despite the on the record letter from the firms lawyers that told him he could not trade on the info because that would be insider trading).

When will Martha learn that the GOP rules - those that say they can break laws and not be punished if rich - do not apply to rich Dems?

:-)

[soothsayer]

15. If her charge was lying to the feds, what was his crime?

i wonder