Former ImClone CEO Sam Waksal Is Released from Prison
Rumor has it that Sam Waksal was released from prison and is now living in a halfway house in the Bronx, NY. Waksal has a year remaining on his 2001 conviction for insider trading and fraud.
Now that Sam is out of jail, he can watch BMS takeover the company that he created way back in the early 80s. I suspect that he feels vindicated in some ways because BMS is willing to pay over $4.5 billion for ImClone. On the other hand, think of how much money he would have made if he didn’t get greedy. As a stock broker friend of mine likes to say, “Bulls make money but pigs get slaughtered.”
The one thing that I know for sure is that Sam will not be calling his broker about ImClone shares this time!
Until next time….
Good Luck and Good Job Hunting!!!!!!
