Stewart Codefendant Bacanovic Enters Prison
Martha Stewart’s codefendant and former stockbroker reported to a federal prison camp to begin serving a five-month sentence for lying to investigators.
Peter Bacanovic, a former broker at Merrill Lynch & Co., will join 649 other inmates who work on average seven hours a day at the minimum-security camp located on Nellis Air Force Base near Las Vegas. Once released, Bacanovic will serve five months of home detention.
Bacanovic’s lawyer, Richard M. Strassberg, said that although Bacanovic reported to prison early, his appeal remained pending.
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