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The Other Players
Peter Bacanovic:The Merrill Lynch stockbroker counted Stewart, as well as Waksal family members, among his clients. He was indicted with Stewart and faces charges of perjury and obstruction of justice. After the scandal broke, he was fired by Merrill Lynch.
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Douglas Faneuil: Bacanovic's assistant, Faneuil pleaded guilty to receiving money in exchange for lying about Stewart's stock sale, and is no longer allowed to be involved with investment banking.
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Martha Stewart Omnimedia: The home and garden company founded by Martha Stewart had a 65% drop in stock value once allegations began to surface. As a result, Martha has resigned as CEO, and now works under the title, "Chief Creative Officer."
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Omnimedia posts 42 percent earnings drop in fourth quarter of 2003 |
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Sam Waksal: The former CEO of ImClone, Sam Waksal has been sentenced to over 7 years in prison for his role in the insider trading scandal. But his troubles don't stop there: he is currently being sued by his former company for $7 million, and is named in over two dozen shareholder lawsuits against ImClone.
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ImClone CEO sentenced to 87 months in jail and $4 million in fines |
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