It was a rainy and unseasonably chilly day in New York City last week when homemaking virtuoso Martha Stewart walked into the federal courthouse in Manhattan to learn she was facing a multi-count indictment setting out charges of securities fraud and obstruction of justice. Charges were levied in connection with her sale in late 2001 of about 4,000 shares of ImClone, a biotechnology company run by a friend. The stock sale was suspiciously timed, since a day later its value plummeted. ...

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