Free Republic

SAM WAKSAL Stock tipster in prison. The ImClone insider- trading scandal that landed domestic diva Martha Stewart in prison claimed two more casualties yesterday, including a top doctor at Memorial Sloan-Kettering Cancer Center. Martha pal Sam Waksal, the CEO of the biotech company, ratted out his two friends before a grand jury — in return for immunity from further prosecution, according to a federal complaint released yesterday. He is already serving seven years........ Zvi Fuks, head of Sloan-Kettering's radiation oncology department, and Israeli businesswoman Sabina Ben-Yehuda were busted on charges of securities fraud for allegedly dumping their ImClone stock...

Bob Dole Slams Kerry By Andrew L. Jaffee, August 23, 2004 Home   Search   Forum   Terms Nothing has really changed for Democratic hopeful John Kerry, except that real war veterans, like Bob Dole, are questioning the “superficial wounds” and resulting “medals” he received during four (4) months service in Vietnam. Kerry is still flailing, trying to cover up a career punctuated by extreme left-wing politics and flip-flopping by talking to voters about his military service. He squandered his acceptance speech at the Democratic National Convention by trying to convince Americans that his tour of duty in Vietnam will make him a great commander...

Ken Lay of Enron Indicted and Arrested By Andrew L. Jaffee, July 8, 2004 Home   Search   Forum   Terms Enron’s ex-Chairman of the Board has been indicted and arrested on charges connected with his former company’s implosion in 2001. Corporate executives at Enron engaged in all sorts of financial manipulations to pump up the company’s stock price. They created complex “partnerships” to hide company debt from shareholders. In 1998, Enron’s share price was at about $20. By 2000, it hit $90. By 2001, the company’s stock was worthless. Enron’s collapse wiped out billions in shareholder value and employee pensions. Democratic Presidential hopeful John...

Take a look at the campaign contributions made by these three lovlies:Sam WaksalPeter BacanovicMartha Stewart Gee...I wonder what they have in common?

Martha Stewart's Surreal Ordeal by Christopher Westley [February 23, 2004] So the Martha Stewart trial has come to this. Judge Miriam Goldman Cedarbaum ruled that the government cannot introduce testimony about how Stewart’s statements to the press asserting her innocence of violating insider trading law affected investors of her firm, Martha Stewart Living. As a result, the government has effectively lost. The New York Times reports that this development is the nail in the coffin in the prosecution’s case, noting that "[a] person involved in Ms. Stewart’s defense said the ruling ‘renders the securities fraud charge dead on arrival,’ although...

<p>Just over a year ago a young man who had come to New York to interview for banking jobs was shot and killed by two muggers on a lower Manhattan street. On the first anniversary, his parents and friends could be seen posting descriptions of the killers and offering a reward for information. Someone the next day went through the street with a bullhorn repeating the offer.</p>

If Sam Waksal had read Atlas Shrugged, he may have walked free. In a memorable scene in Atlas Shrugged, Hank Rearden, a self-made steel magnate, sat, like Waksal, in a courtroom, on trial. Rearden, like Waksal,had violated the law. Rearden's crime had been to sell four thousand tons of Rearden Metal, his own creation and property, the result of ten years of his arduous labor, to a customer of his choice, in violation of a law that dictated what quantities and to whom he could sell. Rearden, like Waksal, had "cheated the law" and "broken the national regulations designed to...

<p>June 16, 2003 -- Forget Disney World, Miami's South Beach or the Florida Keys.</p> <p>For some of Corporate America's best-known bad acts, the Florida destination of choice this year may be a spot just outside Fort Walton Beach, where ex-executives can relax in the sun, make a few phone calls or play an occasional game of tennis or softball.</p>

JUST BREAKING!!! Imclone Founder gets 87 Months!!!

NEW YORK - Sam Waksal, the jet-setting drug-company entrepreneur at the center of the insider-trading scandal that has ensnared Martha Stewart (news - web sites), was sentenced to seven years and three months in prison Tuesday for what a judge called his "lawlessness and arrogance." The ImClone Systems founder was also ordered to pay nearly $4.3 million in fines and back taxes. "The harm that you wrought is truly incalculable," U.S. District Judge William H. Pauley said. He said Waksal had damaged his company, his family and investors nationwide. Waksal, 55, admitted last fall that he tipped his daughter, Aliza,...

<p>NEW YORK (CNN/Money) - Former ImClone Systems CEO Samuel Waksal was sentenced to just over seven years in federal prison and ordered to pay $4.3 million in fines and restitution Tuesday for his role in an insider trading scandal.</p> <p>Waksal, right, arrives at federal court Tuesday. Waksal, appearing before U.S. District Court Judge William Pauley in New York, became the first chief executive to be sentenced in the wave of scandals that have rocked corporate America over the past two years.</p>

<p>October 22, 2002 -- Like ImClone stock, the properties of the company's embattled former CEO are selling cut-rate.</p> <p>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.</p>

ImClone Systems former chief executive Samuel Waksal has pleaded guilty Tuesday to insider trading charges. Mr. Waksal entered pleas of guilty to securities fraud for insider trading, obstruction of justice, perjury and bank fraud. The charges that Mr. Waksal pleaded guilty to did not include government accusations that he also tipped his father and daughter about an anticipated sharp drop in share prices. The drop was sparked by news of the U.S. Food and Drug Administration's pending rejection of ImClone's application for Erbitux, an experimental drug. Mr. Waksal was arrested in June on charges of trying to sell his shares...

<p>WASHINGTON — ImClone Systems' board members admitted to Congress Thursday they knew their flashy chief executive had a long string of troubles — including forging the signature of a company lawyer — yet did not oust him until shortly before government investigators arrested him on charges of illegal inside trading.</p>

Samuel D. and Harlan W. Waksal, the two top executives of ImClone Systems, ordered paper shredders in early January, just as federal investigations of the company were beginning, the company said in a letter sent to Congress on Friday. The letter says that the shredder for Harlan Waksal, now the company's chief executive, was ordered by his assistant, with Harlan Waksal playing "no role in the decision" other than "signing a routine purchase order, the contents of which he did not review." The letter, sent by a lawyer representing ImClone to the House Energy and Commerce Committee, also said that...

<p>WASHINGTON (AP) --  Executives of the troubled biotech firm ImClone Systems Inc. may have destroyed records sought by congressional investigators, a House committee chairman said Monday.</p> <p>In addition, a spokesman for the House Energy and Commerce Committee said there is evidence that the former president of ImClone, Samuel Waksal, lied to panel investigators.</p>

<p>August 15, 2002 -- SHADES of Bill Clinton, it must depend on the meaning of the word "keep."</p> <p>Democrats have decided to keep almost all the fat-cat bucks Sen. Hillary Rodham Clinton got from scandal-scarred ImClone chief Sam Waksal - even though she claims she wants it returned.</p>

On Dec. 5, 2001, ImClone Systems, a biotech company that was seeking Food and Drug Administration approval for a promising anti-cancer drug called Erbitux, saw its stock peak at a price of $74 a share and begin an earthward trajectory. On the evening of Dec. 6, ImClone’s chief executive, Sam Waksal, 54, threw his annual Christmas party at the 5,000-square-foot Thompson Street loft that he calls home. Daily News owner Mort Zuckerman was in attendance, as well as former New York Times executive editor Abe Rosenthal and art dealer Larry Gagosian. Film producer Keith Barish put in a brief appearance,...

NEW YORK (Reuters) - Former ImClone Systems chief executive Samuel Waksal was indicted on Wednesday for securities fraud in an alleged insider trading scam that has made Waksal a symbol for stock shenanigans in corporate America. He also was charged for bank fraud and obstruction of justice. Waksal, 54, of New York, had been trying to reach a plea deal with federal prosecutors for weeks in an effort to avoid the grand jury indictment. He had been arrested in June on a complaint filed by federal prosecutors. Authorities allege he tried to sell his stock and tipped off family members...