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Martha Stewart, the founder and former chairman and chief executive of Martha Stewart Living Omnimedia, was indicted on June 4th, 2003 on five counts of conspiracy, making false statements, obstruction of justice and securities fraud. In my opinion, the federal government decided not to charge Martha with insider trading for what may be lack of hard evidence. Martha has pleaded not guilty. These charges stem from the fact that Martha Stewart is a close friend of Mr. Sam Waksal, the founder and former chief executive officer of Imclone Systems. Mr. Waksal pled guilty and was sentenced to more than seven years in prison for insider trading related charges and tax evasion. Martha Stewart and Sam Waksal & family also shared the same stockbr