MINERSVILLE, Pa, July 23 — Sam Waksal Wednesday moved into a new home for the next seven years. The former Imclone CEO reported to the minimum security Schuylkill Federal Correctional Institution in Pennsylvania. Waksal was found guilty of insider trading earlier this year, sentenced to 7 years and 3 months, and ordered to pay $4.3 million dollars in fines for insider trading.
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Two questions...
1 - is this a country club prison?
2 - what do they do with the money from the fine?
