Saturday, May 22, 2004

Perjury Doesn't Matter
Prosecutors said they had discovered false statements made on the stand by Larry F. Stewart, a national ink expert who works at the Secret Service.

A government news release said prosecutors did not believe the charges called into question the 'integrity or validity' of the convictions of the home fashion mogul and broker Peter Bacanovic.

'We are quite confident that the false testimony will have no impact on the convictions ... for both factual and legal reasons,' U.S. Attorney David Kelley said at a news conference.
We'll have to see how this plays out but at the time, I found the verdicts for the two defendents (Martha and Peter) in this case to be incongruous (given it was a single trial with one jury). How could she be convicted of lying about her sell-off, if he was acquitted of the charge of falsifying the document? If he didn't falsify it, presumably there was a standing order, as she claimed, to sell at $60/share.


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