imclone.efore that information became public, authorities say waksal's relatives sold more than $10 million in imclone stock. mr. waksal himself had tried to sell approximately $5 million worth of stock prior to this announcement to the public. when dr. waksal receives this bad news from the fda, he receives that only in his capacity as ceo of the company. when he takes that information and instead tries to profit from it or avoid losses, that's insider trading. insider trading is a crime because it allows insiders to get ahead of everybody else, so that they can profit at the expense of other people. four fbi agents arrived at 6:00 am wednesday morning at samuel waksal's soho, new york, home to arrest and put him in handcuffs. so what did the government end up charging you with? oh, all kinds of crap. insider trading. um. in addition to insider trading, waksal is accused of lying to the securities and exchange commission. i don't remember all of the charges. i mean, you probably have them in