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Sam Waksal

   Also found in: Wikipedia 0.01 sec.
Sam Waksal
Founder of the biopharmaceutical company ImClone who was convicted of insider trading


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The firm gained notoriety for an insider trading scandal in 2001 when it came to light that the firm's founder, Sam Waksal, alerted family members and friends who had shares of the company, including the television host Martha Stewart, that the firm's experimental cancer drug Erbitux was not going to receive FDA approval, oth Waksal and Stewart ended up serving jail time for the offense.
[R&M] Former ImClone CEO Sam Waksal, who was supposed to spend seven years in prison for his role in Martha Stewart's insider trading scandal, faked a drinking problem to shave time of his sentence.
Imclone will forever be linked to the insider-trading scandal that sent founder Sam Waksal and his pal Martha Stewart to jail.
 
 
 
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