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Prosecutors Say Martha Lied
Updated from 3:29 p.m. EDT
Calling the season's biggest Wall Street scandal a "tragedy," federal prosecutors charged Martha Stewart and her stockbroker, Peter Bacanovic, with nine felony counts Wednesday, saying a conviction could mean jail time. Both defendants pleaded innocent.
Wednesday evening, Stewart announced she would step aside as CEO and chairwoman of Martha Stewart Living(MSO Quote). She will remain a board member and serve as chief creative director. ...
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