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Martha Stewart, the prominent American entrepreneur and television personality, faced a significant legal setback when a grand jury indicted her on June 4, 2003, on nine allegations including insider trading and obstruction of justice. Renowned for her successful ventures in home decor, publishing, and e-commerce, Stewart had established herself as a multi-millionaire.
However, her fortunes took a dramatic turn the following year when she and her stockbroker were convicted. As a result, Stewart received a seven-month sentence, serving time in a low-security prison, marking a notable decline in her previously celebrated career.