Years ago, Stewart was on the cutting edge of female success. He also blames her for the $75,000 fine he recently paid to the Securities and Exchange Commission to settle insider trading charges. Two other friends of Samuel D. Waksal, the former chief executive of ImClone, made more than $5 million selling the same ImClone stock. Earlier on Friday, Stewart was sentenced to five months in prison and fined $30,000. Then I head upstairs to dress for such a grand occasion.. Insider-trading charges were dropped against them last year, and they paid a combined $2.7 million to settle with regulators. In a rare public appearance in. A federal judge also imposed a $4,000 fine and ordered two years of probation. I wonder what he's doing now. I'm sure he had a good time with it. ( Im so sorry, his lawyers whispered. [4] The civil charges were stayed pending the criminal proceeding. I cant blame the jury., But Mr. Bacanovic, who was convicted on two charges of not telling the truth to investigators, still seems troubled by the verdict. The only people who know for sure what happened didnt testify, said Henry M. Blodget, the former Merrill Lynch analyst who wrote about the trial for Slate. BTW, I know of 5 people who have worked with Martha Stewart who said she was a very cold major bitch! To avoid the attention, hed been living in L.A., where he blended in as just another handsome movie star. But he added that the court heard many pleas for leniency for Bacanovic and so the judge ended up giving the same sentence as Martha. Life for Mr. Bacanovic, who is 44 and recently completed his probation, has been a slow trudge through the slough of a legal and regulatory despond. R25's link [quote]While in a cellblock with violent offenders, Donaldson was gang-raped approximately 60 times in a two-day period. He worked a variety of jobs including construction, bartender, waiter, and apprentice motorcycle mechanic. Today's highlight in history: On March 5, 1770, the Boston Massacre took place as British soldiers who'd been taunted by a crowd of colonists opened fire, killing five people. Martha Stewart Pleads Not Guilty, Resigns - ABC News * Jan. 7, 2002: Stewart's broker, Peter Bacanovic, tells Securities and Exchange Commission attorneys that he and Stewart had agreed on Dec. 20, 2001, to sell ImClone if it fell to $60. All times are ET. click ACCEPT. Who Remembers Martha Stewart's Sleazy Broker, Michael Bacanovic? A great many lives were harmed. Merrill, Lynch's senior broker, Peter Bacanovic had informed Martha about the drastic market change impending of the ImClone's share price through his assistant Douglas Faneuil. The fare in Peters room extended only to chicken salad and cheesecake. Mr. Bacanovic, 42 years old . Stewart and Bacanovic were each sentenced to five months in prison, five months of home confinement, and two years' probation for lying about a stock sale, conspiracy, and obstruction of justice. Password must be at least 8 characters and contain: As part of your account, youll receive occasional updates and offers from New York, which you can opt out of anytime. There are 301 days left in the year. TRIAL WINDS DOWN. A dog walker dropping by one day to pick up his friends pooch asked, Hey, arent you Martha Stewarts broker?. Youve got some Janning to do!