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To: mabelkitty
Sam Waksal Pleads Guilty to Tax Evasion
Mon March 3, 2003 03:00 PM ET

NEW YORK (Reuters) - Samuel Waksal, the former ImClone Systems Inc. IMCL.O chief executive who is awaiting sentencing for insider trading, pleaded guilty to additional charges on Monday for evading taxes on art purchases.

Waksal, appearing in federal court in New York, pleaded guilty to conspiracy, wire fraud and evading $1.2 million in sales taxes on art.

Waksal was at the center of an insider-trading scandal that involved family and friends, including home decorating expert Martha Stewart. He allegedly told his daughter and father that ImClone's experimental cancer drug would be rejected by U.S. regulators before the company released the information, causing the stock to plummet.
411 posted on 03/03/2003 12:25:35 PM PST by kcvl
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To: kcvl
I wonder what the terms of the plea bargain were.
413 posted on 03/03/2003 12:26:56 PM PST by Miss Marple
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