Martha Stewart’s career hit rock bottom after she was found guilty of obstruction and conspiracy charges related to the sale of stocks and sent to prison.
New Netflix documentary Marta (out now) is about the 2004 trial that some called a “bitch hunt.”
“Everything she was going to do was going to be absolutely perfect,” friend Kathy Tatlock says in the film. “And I think it kind of ruined her life.”
Stewart had a difficult marriage with her now ex-husband, publisher Andy Stewart. They divorced in 1990 after 29 years of marriage. But “after Andy left, I really got lost in the work,” Martha says in the document. She launched a lifestyle empire that by 1999 was valued at $1.2 billion. “She was like a superstar,” says attorney Allen Grubman.
Martha Stewart when her stock is IPPod.
Martha Stewart/Courtesy of Netflix
It all started to fall apart in 2001. Martha recalls a call during a fuel stop on a flight to Cabo, Mexico, about a friend’s biotech stock. She sold the stock and was later convicted of lying to the FBI during a 2004 insider trading investigation.
Martha Stewart says she was ‘dragged into solitary confinement’ in prison and had no food or water for 24 hours
“Guilty, guilty, guilty on all these counts,” she says Marta. “My daughter, she fainted when they read the verdict. Poor child.”
“It was so horrible and incomprehensible,” adds Alexis. – And then I woke up and, unfortunately, I was still there.
“Those prosecutors should have been put in a Cuisinart and turned on,” jokes Martha. “I was a trophy for those idiots.”
Martha Stewart.
Martha Stewart/Courtesy of Netflix
Martha Stewart Living Omnimedia shares fell and Martha resigned from the board of directors. She reported to the Alderson federal prison camp for a five-month sentence. She estimates that she lost more than a billion dollars due to the scandal.
When you’re done changing, you’re done
Martha Stewart
— When you’re done changing, you’re done
Marta, of course, staged the ultimate comeback. Eleven years after she spent time in prison, Justin Bieber helped spark her rediscovery. She shocked the audience at the 2015 Comedy Central roast of Bieber by taking sharp jabs at her fellow roasters and herself.
“It catapulted her to a younger audience,” says friend Charlotte Beers.
Snoop Dogg and Martha Stewart at the 2015 Comedy Central Roast of Justin Bieber Christopher Polk/Getty
She sat down next to Snoop Dogg, and the next thing she knew, they were doing commercials for Bic lighters and filming a cooking show.
Martha Stewart hates looking like ‘lonely old lady’ in new Netflix doc: ‘It was just shocking’
“She lived before that, worrying about what people thought of her and then the worst thing that could happen happened. And she survived,” he says. Martha Stewart Living founding editor Isolde Motley. “She broke free by going to jail.”
Marta now streaming on Netflix.
Categories: Trends
Source: HIS Education