Faneuil told her that he was trying to sell his shares in the company.
Days after the sale, on Dec. 31, 2001, a Merrill administrator asked Faneuil about the ImClone sales.
According to Faneuil, the broker spoke of his relationship with Stewart, emphasizing their intense loyalty to each other.
Four days later, Faneuil was interviewed over the telephone by the U.S. Securities and Exchange Commission.
Faneuil told the investigators that Stewart called, asked for a price quote and ordered the sale.
My job was to man a booth at a Boston Marathon trade show at Faneuil Hall.
Faneuil was himself accused by the government of lying about the incident and threatened with felony charges.
The government's key witness in refuting their claims was Douglas Faneuil , a brokerage assistant to Bacanovic.
"I was crying, I told him, I can't do it, " Faneuil said, and he put off the task.
Soon after, Faneuil hired his own lawyer, Jeremiah Gutman, who told him to return to the SEC and tell the truth.
Faneuil called Bacanovic, who told him emphatically that Stewart's ImClone sale was to generate a tax loss, Faneuil testified.
Faneuil admitted that even now he wasn't quite sure why Bacanovic was unavailable.
But by June, he'd had a change of heart, Faneuil told the jury.
All the shares he held at Merrill Lynch (nyse: MER - news - people ), Faneuil replied.
The famous Quincy Market at Faneuil Hall was closed, and there were more pigeons than tourists on City Hall Plaza.
Later, Stewart's financial planner called Faneuil wondering why Stewart had sold ImClone at a gain, which actually foiled their tax strategy.
Like Faneuil, Ebbers' former second in command has agreed to cooperate with the government in the hope of lessening his own sentence.
Faneuil did concede that no one had told him "explicitly" to lie, and that he, Faneuil, had himself twice lied to the government.
Faneuil testified that Stewart called Bacanovic's office in the early afternoon of Dec. 27, 2001, and asked what was going on with Waksal.
It was the guilty plea of Douglas Faneuil , the assistant to Ms. Stewart's stockbroker at Merrill Lynch, that led to her resignation.
Faneuil reported the call to Bacanovic, who was on vacation.
"I don't think I've ever seen it so deserted down here, " he said as he chewed a ham and cheese sandwich on the steps beside Faneuil Hall.
It developed the groundbreaking Faneuil Hall Marketplace in Boston, which some credit with reviving Boston's inner city, and also owns Chicago's Water Tower Place and New York's South Street Seaport.
Bacanovic's assistant, Douglas Faneuil, at first backed Stewart's story.
Whenever I hear politicians lament the decline of unions in America, I think back to that Faneuil Hall fistfight and recall: The victim was just trying to pack up his own booth!
Since Stewart and Bacanovic were convicted, jurors have indicated they found Faneuil's testimony highly credible and were not put off by his obvious interest in presenting testimony that favored the government's case.
The historic marketplaces of Faneuil Hall and Quincy Market, and Boston Common (America's oldest public park and the starting point of Boston's Freedom Trail) are all within walking distance.
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