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Testimony Begins in Martha Stewart Trial

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Testimony Begins in Martha Stewart Trial

Business

Testimony Begins in Martha Stewart Trial

Testimony Begins in Martha Stewart Trial

  • Download
  • <iframe src="https://www.npr.org/player/embed/1622102/1622103" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Opening arguments began Tuesday in the federal fraud trial of Martha Stewart and her former Merrill Lynch stockbroker, Peter Bacanovic. Prosecutors allege the two lied about a stock trade to hide evidence of insider trading. Defense lawyers say Bacanovic had been pressuring Stewart to sell her shares of ImClone, and the two had an informal deal to sell the stock if it dropped below $60 a share. Hear NPR's Jim Zarroli.