Martha Stewart's Open Letter

Martha Stewart leaves Manhattan Federal Court, Wednesday, June 4, 2003, in New York, following her indictment on securities fraud and obstruction of justice charges that could result in a prison term. The indictment also charged Stewart with conspiracy and making false statements and her stockbroker, Peter Bacanovic, with perjury and obstruction of justice.
The following letter was published in a full-page advertisement in the USA Today newspaper and on a website launched by Martha Stewart, who is accused of lying to investigators and her company's shareholders about a possibly improper sale of ImClone stock in December 2001.

To My Friends and Loyal Supporters,

After more than a year, the government has decided to bring charges against me for matters that are personal and entirely unrelated to the business of Martha Stewart Living Omnimedia. I want you to know that I am innocent - and that I will fight to clear my name.

I simply returned a call from my stockbroker. Based in large part on prior discussions with my broker about price, I authorized a sale of my remaining shares in a biotech company called ImClone. I later denied any wrongdoing in public statements and in voluntary interviews with prosecutors. The government's attempt to criminalize these actions makes no sense to me.

I am confident I will be exonerated of these baseless charges, but a trial unfortunately won't take place for months. I want to thank you for your extraordinary support during the past year - I appreciate it more than you will ever know.

For more information, please visit the special website I have established for you at I will do my best to post current information about the case, and you will be able to contact me there at I look forward to hearing from you.

Martha Stewart