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Topic: mick's friend sentenced to 7 years in prison Return to archive
06-11-03 12:10 PM
moy this news has been circluating since some days or weeks ago, but finally i found an article with a photo of mick with him



June 11, 2003 -- Sam Waksal got a bit of good news on the day he was sentenced to seven years in prison - he picked up a tidy $138,866 on the stock that sent him there.
The admitted felon realized his gain - on paper only - as Wall Street continued to gobble up shares of ImClone, the cancer-cure firm he founded but was forced to leave due to financial frauds. He sold the vast majority of his holdings in the company he founded two years ago - when the stock was selling for around $70. It dropped to a low of about $5.24 in September 2002, but since last January it's gone up 242 percent on word that its cancer drug is testing well and could get the green light from the feds.

Yesterday his remaining shares - 165,317 of them - went up 84 cents to $36.30, giving him his paper profit.

In fact, the value of his holdings in ImClone has more than doubled to $6 million since he pleaded guilty to insider trading charges in March.
06-11-03 01:53 PM
jb Ridiculous..the guys at Enron made tens upon millions and this guy,a stones fan, goes to jail for 7 years for a lousy 138K!
06-11-03 02:36 PM
telecaster jb my team from Greenberg, Silverberg, Goldberg, Steinberg
and Murphy would have got this guy off for sure

Thank God he didn't tip off Mick as well
06-11-03 04:39 PM
prism He isn't really a friend of Mick's. That photo was taken at a party Mick attended during an hour break during the week he rehearsed Saturday Night Live in December 2001 (Goddess in the Doorway promotion). Someone at SNL took Mick to the party. I don't think Mick knew anyone there.

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