The Champion

August 2003 , Page 8 

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Martha and Lynne: The Stewart sisters and the expansion of white collar criminal prosecution

By Lawrence Goldman

Read more 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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