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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.
No cause of death was given. 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 ...
Ivan Boesky, a onetime Wall Street titan-turned-convict who served as the partial inspiration for the 1987 Oliver Stone film "Wall Street," has died at the age of 87. ... a divorce settlement with ...
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.
It was in this position that he first gained national prominence by prosecuting numerous high-profile cases, resulting in the convictions of Wall Street figures Ivan Boesky and Michael Milken. He also focused on prosecuting drug dealers, organized crime, and corruption in government. [38] He amassed a record of 4,152 convictions and 25 reversals.
Pope John Paul II was the subject of three premature obituaries.. A prematurely reported obituary is an obituary of someone who was still alive at the time of publication. . Examples include that of inventor and philanthropist Alfred Nobel, whose premature obituary condemning him as a "merchant of death" for creating military explosives may have prompted him to create the Nobel Prize; [1 ...