Webnew york — former philippine first lady imelda marcos was acquitted monday of all federal fraud and racketeering charges stemming from allegations that she. Webmanila — a philippine court on friday sentenced imelda r. Marcos, the country’s flamboyant former first lady, to a minimum of 42 years in prison for creating. Webmanila, philippines — a philippine court found former first lady imelda marcos guilty of graft and ordered her arrest friday in a rare conviction among many. Webimelda marcos, the widow of the former philippine president, was acquitted yesterday of charges that she raided the country's treasury and invested the money in.