Crime History: Martha Stewart beginsprison term in W. Va.

Published October 6, 2010 4:00am ET



On this day, Oct. 8, in 2004, celebrity “homemaker” Martha Stewart began serving a five-month prison sentence for lying about a stock sale. Stewart avoided a $45,673 loss by dumping all her shares of ImClone the day before the stock dropped 18 percent. After a five-week jury trial that was the most closely watched of a wave of corporate fraud trials, Stewart was found guilty of conspiracy, obstruction of an agency proceeding and making false statements to federal investigators. Stewart served five months in Alderson Federal Prison Camp in West Virginia. She was released March 4, 2005, and was placed under home confinement and required to wear an ankle bracelet monitor for five more months. Stewart, 69, has made a highly successful comeback. -Scott McCabe