Scammer Samuel D. Waksal 

Fraudster Samuel D. Waksal 

Details

Name: Samuel D. Waksal
Other Name:
Born: 1947
whether Dead or Alive:
Age: 74
Country: France
Occupation: Scientist, biotechnology executive
Criminal / Fraud / Scam Charges: fraud, conspiracy, perjury
Criminal / Fraud / Scam Penalty: 87 months imprisonment
Known For: Founder of ImClone Systems and Kadmon Pharmaceuticals

Description :


Samuel D.Waksal

Samuel D.Waksal is an American fraudster and the former CEO of ImClone, a Pharmaceutical company which produces drugs for cancer. When one of his company's cancer drugs didn't get approved by the Food and Drug Administration of America, he involved in insider trading in order to keep his company alive. His insider trading collapsed when the information leaked more than needed.

He was convicted of bank fraud, insider trading, obstruction of justice and wire fraud of $1.2 million for eviction of taxes. He pleaded guilty in front of the jury and was sentenced to seven years and four months in prison in the year 2003. He was later released and his drug company was eventually bought during his prison sentence.


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