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The Outcome for Samuel Waksal and ImClone Waksal resigned as ImClone’s CEO on May 21, 2002. On June 12, 2002, he was arrested for securities fraud and perjury, and then two months later he was indicted for bank fraud, securities fraud, and perjury. On October 15, 2002, Waksal pled guilty to all of the counts in the indictment except those counts based on allegations that he passed material, nonpublic in- formation to his father, Jack Waksal. On March 3, 2003, he also pled guilty to tax evasion c
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