Waksal to start prison term Former ImClone CEO begins his seven-year, three-month sentence for securities fraud. July 21, 2003: 4:48 PM EDT
NEW YORK (CNN) - Former ImClone founder and CEO Sam Waksal on Wednesday will begin his seven-year, three-month sentence for securities fraud, conspiracy and obstruction of justice.
He will do his time at Schuylkill Federal Correctional Institution in Minersville, Pa., where he will be housed in the prison's minimum-security facility.
Dan Dunne, public information officer for the Federal Bureau of Prisons, told CNNfn that Waksal will be put to work from 7:30 a.m. to 3:30 p.m. five days a week. He is expected to be assigned to the menial tasks typically given to new inmates such as cleaning pots and pans, mowing the grass, cleaning housing areas and mopping floors.
After the 5 p.m. evening meal, Waksal and other inmates will be allowed to take part in religious services or education and drug treatment programs until 8:30 p.m., when they will be locked down in the housing unit.
About 300 inmates are housed in the facility, sleeping in what Dunne called "military-style -- rows of bunk beds, common toilets and showers." Each inmate has a personal locker but there is very little privacy.
The only perk allowed is 300 minutes of phone calls a month, excluding attorney phone calls. All personal calls are monitored.
Fifteen to 20 hours of personal visits are allowed every month, with visitors being searched upon their arrival at Schuylkill.
Separately, Sam's brother Harlan Waksal resigned as chief scientific officer of ImClone (IMCL: Research, Estimates) Monday, severing the biotech firm's ties with its scandal-ridden founders. Top of page
"Or in the case of Kenny Boy, not a peep on whether any charges ever WILL be filed."
You always seem to do this, but forget that Kenny Boy was a guest at the Clinton White House. The Bush Administration told him and Enron to take a hike.
2004 is coming soon. The dems need more than calling Bush on maybe some strech of the truth. They are so bad that now they are making vague attempts at going after Tony Blair.
When oh when is the democratic party going to stand for something again. At present their claim to fame is "we don't like what the other party is doing" If and when they pull their collective head out of their posterior and come up with a worthwhile platform they may actually win some votes and maybe an election or 2 without crying to the courts.
"Anyone besides me notice the last CEO indicted (Waksal) is a supporter of the Democratic party, and he's the first (and only) one to be sent to prison at this point? And yes, I know he plead guilt....."
the problem was HE PLEAD GUILTY.....A good attorney could have kept the case going for years. he made two mistakes: 1. a guilty plea, and 2. no pre-arranged penalty....
To plead guilty with no plea-bargain in place, borders on legal malpractice