Like Marie Antoinette approaching the guillotine, Imelda Marcos confronted fate with her head high. Stepping from a stretch limo in lower Manhattan, the former Philippine First Lady stunned the waiting throng with her sheer, low- cut turquoise terno -- the national costume in her homeland. Amid pushing photographers and chanting protesters, the elegant attire seemed inappropriate for the occasion: Imelda Marcos was being arraigned, fingerprinted and photographed in federal court.
In a crisp, clear voice, Mrs. Marcos, 59, pleaded not guilty to charges of embezzlement and bank fraud involving the purchase of four Manhattan buildings with $103 million in Philippine government...