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ImClone stock trading case. 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 ...
Its founder, Samuel D. Waksal, was arrested in 2002 on insider trading charges for informing friends and family to sell their stock, and attempting to sell his own. [3] His daughter, Aliza Waksal, sold $2.5 million in shares on December 27. His father, Jack Waksal, sold $8.1 million in shares over the 27th and 28th. Company executives had done ...
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 ...
4. Goldman Sachs/BusinessWeek. The case of Eugene Plotkin and David Pajcin is one that seemingly mimics the illegal efforts of others convicted of insider trading. They were engaged in several ...
Her facade of strait-laced perfection cracked in 2004, when she was convicted on felony charges related to insider trading and spent five months in a federal prison in Alderson, West Virginia. The ...
In a 2-1 decision, the 2nd U.S. Circuit Court of Appeals said Sean Stewart, who worked at JPMorgan Chase & Co (JPM.N) and Perella Weinberg Partners, should have been allowed to challenge a crucial ...
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.
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 .