ON THIS DAY IN AMERICAN HISTORY | |
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On March 4, 2005, billionaire lifestyle guru Martha Stewart is released from federal prison after serving five months for lying about selling shares of ImClone, a pharmaceutical company, in 2001. Stewart sold around 4,000 shares of the stock just before the stock tanked. ImClone was run by her friend Sam Waskal. Waskal was convicted of insider training and sentenced to seven years in prison. After Stewart’s release, she remained under house arrest for five more months in her 153-acre estate outside New York City. |
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