On this day in 2005, billionaire mogul Martha Stewart is released from a federal prison near Alderson, West Virginia, after serving five months for lying about her sale of ImClone stock in 2001. After her televised exit from the facility, Stewart flew on a chartered jet from nearby Greenbrier International Airport to New York, where she would serve out her remaining five-month home confinement on her 153-acre Bedford, New York, estate.
On December 21, 2001, Stewart sold about 4,000 shares of ImClone Systems, a company run by her friend Sam Waksal that develops cancer-therapy drugs. The next day, the company s stock tanked after news broke that ImClone s newest cancer drug, Erbitux, had been rejected by the FDA.
http://www.history.com/this-day-in-history/martha-stewart-is-released-from-prison
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