Stewart stock scandal boss jailed

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.

He also was ordered to pay over $4 million in fines and back taxes.

US District Judge William H Pauley rejected Waksal's plea for a lighter sentence based on ImClone's cancer research, Waksal's humanitarian works and the intense media interest surrounding the case.