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Martha Stewart says she's not guilty

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Martha Stewart, Peter Bacanovic
Martha Stewart and Peter Bacanovic: Patrick McMullen/GAMMA

Martha Stewart used a regularly scheduled appearance on CBS’ ”The Early Show” to comment on her role in an ongoing insider-trading scandal. As the domestic diva chopped cabbage for a segment about salads, she told viewers that she is confident that she will ”be exonerated of any ridiculousness.” Stewart demurred from answering further questions by ”Early” host Jane Clayson. ”I’m involved in an investigation that has very serious implications,” she said. ”I’m not at liberty at this time to make any comments whatsoever.”

At issue is Stewart’s sale of ImClone Systems stock a day before the U.S. Food and Drug Administration rejected the company’s experimental cancer drug and the stock slid. She is close friends with Sam Waksal, the CEO of ImClone, who was arrested two weeks ago on charges of insider trading. Stewart has repeatedly maintained her innocence, saying that she had an agreement with her broker to sell her 3,928 shares if the stock price fell below $60 per share, according to Reuters.

Rep. James Greenwood (R-Penn.), who is leading the ImClone investigation in the House, said Stewart should be presumed innocent. ”I know Ms. Stewart is taking a pounding in the tabloids,” Greenwood said on ABC’s ”Good Morning America.” For her part, Stewart remains sanguine, telling Clayson, ”I’d rather talk about salad.”

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