Martha Stewart reportedly facing wider probe
Martha Stewart reportedly facing wider probe. Mogul faces possible obstruction of justice charges, according to the Wall Street Journal
Martha Stewart, already the subject of an insider-trading investigation, is facing an expanded probe that could lead to charges of obstruction of justice and making false statements, according to a Wall Street Journal report cited by the Associated Press. Federal prosecutors are investigating whether Stewart gave misleading answers about her sale of ImClone System’s stock a day before it slid on news that the FDA rejected its experimental cancer drug, the Journal reported, citing an anonymous source familiar with the case.
Stewart is a close friend of ImClone CEO Sam Waksal, who was arrested two weeks ago on charges of insider trading. She proclaimed her innocence in a Tuesday morning appearance on CBS’ ”Early Show.” ”I think this will be resolved in the very near future and I will be exonerated,” she told the show.