Word: faneuil
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Dates: during 2000-2009
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When Martha called back, Faneuil said, he told her, "Peter thought you might like to act on the information that Sam Waksal was trying to sell all his shares." She asked what ImClone's price was ($61.53), then ordered Faneuil to dump her 3,928 shares...
...Food and Drug Administration (FDA) issued a negative ruling on ImClone's experimental anticancer drug. The shares tanked after ImClone disclosed that news. Stewart saved at least $45,000 by selling her shares when she did, for $58.43. A few days after the sale, Merrill Lynch compliance officials quizzed Faneuil about the transaction. He then conferred privately with Bacanovic, who insisted the sale had been made to help Stewart offset taxes on other stock gains. But when Stewart's financial adviser angrily complained to Faneuil that the ImClone shares had been sold at a profit and "screwed up" previous...
After a shaky start, the government made strong headway last week in its attempt to prove that Stewart sold shares in the biotech firm ImClone Systems on the basis of privileged information and then lied to federal investigators about why she sold when she did. Faneuil is the government's key witness and his testimony could ultimately lay low the high priestess of housewares...
With unforced charm, Faneuil, who looks barely old enough to attend a prom, recounted for lead prosecutor Karen Patton Seymour how it all started, on the morning of Dec. 27, 2001. Bacanovic, 41, was on vacation in Florida, and Faneuil had been left to man the office phones. He fielded a series of calls from family members of ImClone CEO Sam Waksal, also a Bacanovic client. They were eager to unload their shares in the biotech firm. Flustered, Faneuil called Bacanovic. When Faneuil told his boss about the Waksals, Bacanovic blurted out, "Oh, my God! Get Martha on the phone...
...Martha Stewart, in all her tarnished glory, who drew the news cameras, the spectators jockeying for good seats, the visit from Rosie O'Donnell. But it was the slight, soft-spoken 28-year-old Douglas Faneuil, in his plain gray suit and tie, who last week owned the room inside the lower-Manhattan federal courthouse where Stewart is facing criminal charges for obstruction of justice and securities fraud. Faneuil is the former assistant to Peter Bacanovic, Stewart's broker at Merrill Lynch and her co-defendant in the trial. For three days Faneuil electrified the jury with his tales...