A HOLIDAY home in Kerry owned by a notorious American fraudster was yesterday sold to property developer James Long for €500,000 at an auction in Kenmare.

A KERRY house worth more than €500,000 owned by a deceased US insurance fraudster is to be auctioned next month on behalf of the Irish Criminal Assets Bureau.

IMCLONE SYSTEMS founder Sam Waksal was sentenced to seven years and three months in prison yesterday for an insider-trading scandal that ensnared his family and threatens US home and style guru Martha Stewart and her home decorating empire.