Martha Stewart charged with securities fraud


NEW YORK: Martha Stewart, who turned a small catering outfit into a multi-million dollar media and home decorating business empire, has been charged with lying to US federal authorities investigating her sale of stock in a biotech company run by a friend. 

In a nine-count criminal indictment, the government charged that Stewart and her former stockbroker, Peter Bacanovic, had interfered with the investigation of the suspicious timing of her ImClone Systems Inc stock sale. 

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