Transcript

EXCLUSIVE: Martha Stewart Reveals Costly Fallout From Insider Trading · Fresh Intelligence

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[SPEAKER_00]: Martha Stewart has confessed her infamous legal battle, left a billion dollar hole in her fortune.
0:07
[SPEAKER_00]: The 85-year-old home-making queen stunned listeners of the other people's business podcast with this revelation.
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[SPEAKER_00]: Stewart explained why she doesn't own a private, jet-like fellow entrepreneur Kim Kardashian.
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[SPEAKER_00]: She said,
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[SPEAKER_00]: She continued, the lawyers took me to the cleaners and they were horrible.
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[SPEAKER_00]: This hole was dug during the fallout from her early 2000s stock trading scandal.
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[SPEAKER_00]: In 2004, she was convicted of conspiracy and obstruction of justice, serving five months in federal prison.
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[SPEAKER_00]: The scandal sent shockwaves through her successful media and merchandising empire.
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[SPEAKER_00]: Before the scandal, she made around $65 million a year from her K-Mart deals alone.
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[SPEAKER_00]: Now she insists she's clawed her way back, embracing the influencer landscape.
1:04
[SPEAKER_00]: Stuart declared, I'm back, emphasizing the lucrative nature of her current television commercials.