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Martha and Lynne: The Stewart sisters and the expansion of white collar criminal prosecution
By Lawrence Goldman
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President's Column columns.
Martha and Lynne Stewart are not really sisters, at least in a
biological sense. Martha is the doyenne of style, a super-rich chic
entrepreneurial blonde with homes in Manhattan, Westport and East
Hampton. Lynne is the anti-Martha, a middle-class, dowdy, gray-haired
radical criminal defense lawyer who lives in Brooklyn. But there are
striking similarities between the two, aside from their common surname.
Both are successful, prominent, driven women in their early 60s who have
been indicted in the United States District Court for the Southern
District of New York for making public statements that the government
found offensive, but that had never previously been considered criminal.
Martha, under a much-publicized criminal and regulatory investigation for
alleged insider trading, announced at a meeting of stockholders of the
company that bears her name that she was innocent and, purportedly
falsely, that the trade in issue was made by pre-arrangement with h
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