According to "Ethics Competency: Time Off for Bad Behavior," Samuel Waksal, former CEO of the biotech firm ImClone served time in a federal prison for
A) bank fraud.
B) sexual harassment.
C) insider trading.
D) embezzlement.

Question

Quizplus · Accepted Answer

Samuel Waksal served time in federal prison for insider trading, specifically for attempting to sell his ImClone shares upon learning that the FDA had rejected the company's application for its cancer drug, leading to a steep decline in the company's stock price.