Prosecution rests in Martha Stewart case

0 Comments | AFP, February, 2004

NEW YORK (AFP) — The prosecution rested in the high-profile securities fraud case involving multi-millionaire American lifestyle guru Martha Stewart.

After almost four weeks of testimony from some 20 witnesses, Stewart's lawyers will now get their turn to defend their client, accused of acting on an improper tip when she dumped her shares in biotech firm ImClone.

It is still not clear if the defence will put Stewart on the witness stand.

Stewart, 62, is charged with conspiracy, securities fraud, obstruction of justice and making false statements. She faces a maximum of 30 years in prison if convicted.

Prosecutors allege that Stewart ordered her broker to sell her ImClone shares after she received a tip that federal regulators would not approve...

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