Boesky, the flamboyant stock speculator whose cooperation with the government cracked open one of the largest insider trading scandals on Wall Street, has died at the age of 87. Paul Burnett, File)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. Levine was arrested before his payout could come, tripped up by his own insider trading. The financier and philanthropist was indicted on 98 counts, including securities and mail fraud, insider trading, racketeering and making false statements. The government had previously done little to police insider trading, and some said it should be legalized.

Source: Forbes May 20, 2024 17:38 UTC