Posted on 10/22/2002 12:42:41 AM PDT by kattracks
Edited on 05/26/2004 5:09:44 PM PDT by Jim Robinson. [history]
October 22, 2002 -- Like ImClone stock, the properties of the company's embattled former CEO are selling cut-rate.
Sam Waksal, indicted for insider trading, has unloaded his oceanfront house in Sagaponack for $3.125 million - after first listing it for just under $5 million last June.
(Excerpt) Read more at nypost.com ...
Sam Waksal, indicted for insider trading, has unloaded his oceanfront house in Sagaponack for $3.125 million ...[he] bought the house ...for $2.1 million in 2000.That's a pretty good rate of return. The author seems to be making it sound like he took a loss.
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