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A U.S. Securities and Exchange Commission and U.S. Attorney probe into trading in the shares of ImClone Systems resulted in a widely publicized criminal case, which resulted in prison terms for businesswoman and television personality Martha Stewart, ImClone CEO Samuel D. Waksal, and Stewart's broker at Merrill Lynch, Peter Bacanovic.
Martha Stewart, the founder of Martha Stewart Living Omnimedia (Waksal had dated Stewart's daughter) also became embroiled in the scandal after it emerged that she sold about $230,000 in ImClone shares on December 27, just a day before the announcement of FDA decision. Although Stewart maintained her innocence, she was found guilty and ...
Martha Stewart is the first female self-made billionaire in the United States ... Though according to Forbes, Martha's stock briefly improved when she was incarcerated for insider trading in 2004 ...
Martha Helen Stewart (née Kostyra, Polish: [kɔˈstɨra]; born August 3, 1941) is an American retail businesswoman, writer, and television personality.As the founder of Martha Stewart Living Omnimedia, focusing on home and hospitality, [1] she gained success through a variety of business ventures, encompassing publishing, broadcasting, merchandising and e-commerce.
August 8, 2006 - Stewart agrees to pay $195,000 to settle an insider trading probe with the SEC. She is barred from serving as chief executive or chief financial officer of any public company for ...
Insider trading involves using information not publically available to profit from a stock purchase. It's illegal and can carry a jail sentence. Just ask Martha Stewart .
R. Foster Winans. Robert[ 1] Foster Winans (born August 5, 1948) is a former columnist for The Wall Street Journal who co-wrote the [ 2] "Heard on the Street" column from 1982 to 1984 and was convicted of insider trading and mail fraud. He was indicted by then- U.S. Attorney Rudolph Giuliani and convicted in 1985 of violating Federal law by ...
Samuel D. Waksal (born September 8, 1947) is the founder and former CEO of the biopharmaceutical company ImClone Systems. He is also the founder of Kadmon Pharmaceuticals, which was financed with private capital and commenced operations in New York City in 2010. [ 1] At ImClone, Waksal led the company to develop the cancer drug Erbitux (cetuximab).
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