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Ivan F. Boesky, the flamboyant stock trader whose cooperation with the government cracked open one of the largest insider trading scandals in the history of Wall Street, has died at the age of 87.
In 1966, Boesky and his wife moved to New York where he worked for several stock brokerage companies including L.F. Rothschild and Edwards & Hanly.In 1975, he initiated his own stock brokerage company, Ivan F. Boesky & Company, with $700,000 (equivalent to $4 million in 2023) worth of start-up money from his wife's family [6] with a business plan that speculated on corporate takeovers.
The son of a Detroit delicatessen owner, Boesky was once considered one of the richest and most influential risk-takers on Wall Street. He had parlayed $700,000 from his late mother-in-law's estate into a fortune estimated at more than $200 million, hurtling him into the ranks of Forbes magazine's list of the 400 richest Americans.
Ivan Boesky – financier convicted of insider trading, lived (died May 20, 2024) in La Jolla with his second wife, Ana Boesky, and their child [6] [7] [8] Betty Broderick – convicted of second degree murder , lived in La Jolla, found guilty on December 11, 1991, and sentenced to 32 years to life in prison for the murders of ex-husband Dan ...
Pages in category "People convicted of insider trading" The following 32 pages are in this category, out of 32 total. This list may not reflect recent changes .
Ivan Boesky, the infamous insider trader whose name became synonymous with financial greed and helped inspire the fictional character Gordon Gekko in the 1987 film “Wall Street,” has died. He ...
Ivan F. Boesky, center, leaves federal court in New York, April 24, 1987 after pleading guilty to one count of violating federal securities laws. Boesky died on 20 May, 2024, aged 87. (1987 AP)
More than 800 people have lost their lives in jail since July 13, 2015 but few details are publicly released. Huffington Post is compiling a database of every person who died until July 13, 2016 to shed light on how they passed.