American retail businesswoman and TV Personality Martha Stewart was convicted of felony charges in relation to the ImClone stock trading case. She served five months in federal prison for fraud and was fined $30,000. As a result of the conviction, Martha resigned as the CEO of her company and also gave up her sear on the board. After her sentencing, She spoke to a crowd of reporters. Martha said she was sorry for what her actions caused others especially 200 employees of Martha Stewart Living, that lost their jobs. She said she felt sorry that it had to come to this, but she promised: “I will be back.” And come back, she did; Martha rejoined the board of directors of Martha Stewart Living Omnimedia in 2011 and became the chairwoman of the Martha Stewart Company in 2012. The Martha Stewart Living Omnimedia brand was acquired by the Sequential Brands Group for $175 million with benchmarked additional payments.