Wednesday, March 9, 2005

More Indictments from ImClone

It looks like the government has not stopped with Martha Stewart and Peter Bacanovic when it comes to indictments related to ImClone.  CNN reports here how two individuals have been indicted on securities fraud and conspiracy to commit securities fraud for allegedly selling some ImClone stock after receiving a tip from Waksal.  The criminal complaint can be found here.  The SEC also brought a civil action pertaining to this matter.  According to the SEC Complaint, discussions were had in 9 telephone calls between the hours of 5:59 A.M. and 9:08 A.M. on December 27, 2001.


Martha Stewart, Prosecutions | Permalink