Samuel Waksal

Samuel Waksal

Founder of ImClone, a pharmaceutical company in the United States. While serving as CEO in 2002, he was arrested for insider trading, eventually pleading guilty to securities fraud and similar charges. This scandal was noted for also leading to the arrest of noted television personality Martha Stewart. Waksal was born in 1947.
References in periodicals archive ?
Kadmon's CEO, Samuel Waksal, said that the takeover will enable the company to widen its pipeline of oncology, infectious disease and immunology therapies.
Samuel Waksal, the founder of ImClone Systems Inc (New York) who spent five years in prison for insider trading, won permission from a judge to travel overseas as he seeks to resume a career in medical research and biotechnology.
The prosecutors charged that Stewart sold 3,928 shares of Imclone on December 27, 2001, a day before the negative ruling on Imclone's application for an experimental cancer drug, because she was tipped off by her friend and Imclone founder, Samuel Waksal.
CEO Samuel Waksal was arrested on insider trading charges; and WorldCom Inc.
However, the government says that illegal inside information Stewart received from her close friend ImClone founder Samuel Waksal was the real reason Stewart unloaded her ImClone shares and that Bacanovic changed his personal notes about the entire incident when Stewart was charged.
Ultimately, our publication of this letter led to a congressional investigation and the continuation of a broad inquiry that came to involve the home design guru Martha Stewart, an ImClone investor and a friend of the company founder, Samuel Waksal.
NEW YORK - ImClone Systems founder Samuel Waksal pleaded guilty Monday to conspiracy and wire fraud, admitting he avoided paying $1.
The big insider trading scandal of 2002 came at drug maker ImClone, where CEO Samuel Waksal and his family and friends sold company shares right before the company disclosed some bad news: the FDA was not going to examine its new cancer drug Erbitux.
The biotech firm was founded by Samuel Waksal, a friend of Stewart's.
He questioned Stewart's claim that she had an agreement to sell her shares of ImClone Systems, a biotech company founded by her friend Samuel Waksal, if the price fell below $60.
Stewart is close to ImClone's founder, Samuel Waksal, who is charged with illegally tipping family members to sell their stock before the announcement.