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301:. 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 with a business plan that speculated on corporate takeovers. The company grew from profits as well as buy-in investments from new partnerships. By 1986, he had become an
316:
In 1986, Boesky entered a plea agreement with the United States
Attorney's Office for the Southern District of New York, agreeing to plead guilty to one count of Conspiracy to Commit Violations of the Federal Securities Laws. He used inside information provided by Robert Wilkis and Ira Sokolow, two
317:
investment bankers, and purchased securities for entities with which he was affiliated. The inside information typically involved tender offers, mergers or other possible business combinations, for companies such as
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Haaratz: "This Day in Jewish
History / A masterful Wall Street con man is arrested – Ivan Boesky elevated insider trading to an art form. The police didn't see it that way, though." by David B. Green
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443:(1987) is based in part on Boesky, particularly his "greed is good" speech which resembled the commencement speech Boesky delivered in May 1986 at the
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Boesky, unable to rehabilitate his reputation after being released from prison, paid hundreds of millions of dollars as fines and compensation for his
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Although insider trading of this kind was illegal, laws prohibiting it were rarely enforced until Boesky was prosecuted. He cooperated with the
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scandal in the mid-1980s. He pleaded guilty, was fined a record $ 100 million, served three years in prison, and became a government informant.
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role and a number of separate insider-dealing scams. Later, he began practicing
Judaism, attended classes at and donated money to the
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in
California. After her father's death, they won a court battle against her sister and brother-in-law over the hotel's ownership.
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In 1991, Silberstein divorced Boesky and agreed to pay him $ 23 million and $ 180,000 a year for life. They had four children.
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In 1966, Boesky and his wife relocated to New York where he worked for several stock brokerage companies, including
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In 1962, Boesky married Seema
Silberstein, the daughter of a Detroit real estate magnate whose holdings included
233:; March 6, 1937 – May 20, 2024) was an American stock trader known for his prominent role in an
249:
family in
Detroit, Michigan. His family owned several delicatessens and taverns in the city. He attended the
1143:
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The Law of
Insider Trading, How They Get Caught, SEC Commissioner Cox Remarks to the Piedmont Economic Club
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US$ 100 million. Although he was released after two years, he was permanently prohibited from working with
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Taking
America: How We Got from the First Hostile Takeover to Megamergers, Corporate Raiding, and Scandal
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947:"Meet Ivan Boesky, the 1980s Wall Street titan who inspired Hollywood — and ended up in jail"
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399:. In 1987, after the financial scandal fallout, he asked that his name be removed from the
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273:. Despite lacking an undergraduate degree, he was admitted to Detroit College of Law (now
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451:: "I think greed is healthy. You can be greedy and still feel good about yourself."
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728:"THE YEAR'S 50 MOST FASCINATING BUSINESS PEOPLE: IVAN BOESKY, CROOK OF THE YEAR"
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who had amassed a fortune of more than US$ 200 million by betting on corporate
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magazine ran a
December 1, 1986, cover story about his "scam," dubbing him "
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3.5 years incarceration, $ 100 million fine, prohibition on future work with
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471:"Psy v.s. Psy", in which Treasury Department Agent Lars Ewing (portrayed by
277:) and graduated in 1965. In the 1980s, he served as an adjunct professor at
980:
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519:"Meet Ivan Boesky, The Infamous Wall Streeter Who Inspired Gordon Gekko"
764:"Ivan F. Boesky, Rogue Trader in 1980s Wall Street Scandal, Dies at 87"
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Boesky and his second wife, Ana, had another child. They lived in
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425:, California, until his death on May 20, 2024, at the age of 87.
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The New York Jewish Week: "Is Greed Godly?" by David E. Y. Sarna
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Spangler, Nicholas; Davidowitz, Esther (October 30, 2010).
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225:
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698:"Ivan Boesky – Sam Waksal – Insider Trading – Wall Street"
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Boesky is mentioned in the second-season episode of
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493:"Wall Street's Greed (In 1987, Flashback NBC News)"
309:and the $ 136 million in proceeds from the sale of
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346:on others, including the case against financier
983:, Beard Books, 2003. Retrieved March 10, 2019.
794:"Boesky Studying Hebrew and Talmud at Seminary"
1103:History of private equity and venture capital
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1185:American businesspeople convicted of crimes
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886:"A $ 100 Million Idea: Use Greed For Good"
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945:Huddleston, Tom Jr. (November 28, 2020).
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662:
750:
475:) mentions personally arresting Boesky.
275:Michigan State University College of Law
185:Federal Correctional Institution, Lompoc
865:from the original on September 17, 2021
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1225:Cranbrook Educational Community alumni
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397:Jewish Theological Seminary of America
281:'s Graduate School of Business and at
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826:from the original on January 21, 2022
761:
531:from the original on February 3, 2019
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845:Dickerson, John F. (June 24, 2001).
1240:Stock and commodity market managers
1235:People convicted of insider trading
651:from the original on April 12, 2019
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401:Jewish Theological Seminary Library
13:
1205:American people convicted of fraud
708:from the original on March 1, 2021
449:University of California, Berkeley
325:, and Houston Natural Gas Corp.
14:
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1190:American financial businesspeople
968:
926:from the original on May 18, 2016
896:from the original on June 9, 2016
884:Greene, Bob (December 15, 1986).
792:Goldman, Ari L. (July 23, 1987).
774:from the original on May 20, 2024
738:from the original on May 12, 2023
257:before graduating from Detroit's
16:American stock trader (1937–2024)
1250:Columbia Business School faculty
1180:1986 crimes in the United States
1084:
993:
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285:'s Graduate School of Business.
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121:
1210:American white-collar criminals
1108:Early history of private equity
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908:
877:
838:
812:
720:
690:
615:"Seema Boesky's Rich Afterlife"
117:
762:Wayne, Leslie (May 20, 2024).
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598:, Holt Rinehart Winston, 1985.
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543:
510:
485:
261:. He then attended courses at
1:
1230:Detroit College of Law alumni
820:"Miracle Babies Patron Party"
478:
1265:Shareholder-rights activists
393:Guinness share-trading fraud
380:. He served his sentence at
7:
1255:New York University faculty
1215:Businesspeople from Detroit
1123:Private equity in the 2000s
1118:Private equity in the 1990s
1113:Private equity in the 1980s
267:Eastern Michigan University
10:
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1260:21st-century American Jews
1245:Mumford High School alumni
1200:20th-century American Jews
382:Lompoc Federal Prison Camp
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454:Boesky was featured in a
386:Vandenberg Air Force Base
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77:Michigan State University
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53:
30:
23:
1139:Private equity investors
799:August 23, 2017, at the
555:August 12, 2015, at the
241:Early life and education
916:"Commencement Speakers"
445:Haas School of Business
413:The Beverly Hills Hotel
311:The Beverly Hills Hotel
48:Detroit, Michigan, U.S.
998:Quotations related to
581:April 2, 2015, at the
271:University of Michigan
263:Wayne State University
165:Insider trading (1986)
644:, November 20, 1986,
245:Boesky was born to a
202:Ivan Frederick Boesky
35:Ivan Frederick Boesky
704:. October 10, 2003.
625:on November 3, 2010.
619:Westchester Magazine
473:Lou Diamond Phillips
354:, received a prison
120: 1962;
65:La Jolla, California
1144:Venture capitalists
1049:Investment strategy
822:. October 8, 2015.
734:. January 5, 1986.
460:Empires of New York
458:documentary titled
299:Edwards & Hanly
283:New York University
279:Columbia University
259:Mumford High School
1195:American hoteliers
847:"Battling Boeskys"
806:The New York Times
768:The New York Times
429:In popular culture
181:Imprisoned at
1220:Corporate raiders
1157:
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1149:Corporate raiders
594:Boesky, Ivan F.,
585:November 14, 2013
433:The character of
333:Ivan the Terrible
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107:Seema Silberstein
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621:. Archived from
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517:Meserve, Myles.
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255:Bloomfield Hills
251:Cranbrook School
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170:Criminal penalty
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388:in California.
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295:L.F. Rothschild
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235:insider trading
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146:Criminal status
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124: 1991)
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95:Insider trading
73:Alma mater
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1002:at Wikiquote
981:Jeff Madrick
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954:. Retrieved
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928:. Retrieved
920:berkeley.edu
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898:. Retrieved
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867:. Retrieved
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830:February 12,
828:. Retrieved
814:
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776:. Retrieved
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740:. Retrieved
731:
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710:. Retrieved
701:
692:
676:
653:, retrieved
637:
631:
623:the original
618:
596:Merger Mania
595:
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533:. Retrieved
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500:. Retrieved
496:
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459:
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438:
435:Gordon Gekko
432:
420:
417:
410:
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352:plea bargain
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86:Stock trader
59:(2024-05-20)
57:May 20, 2024
18:
1175:2024 deaths
1170:1937 births
1076:Secondaries
1000:Ivan Boesky
956:February 9,
869:February 9,
712:February 9,
681:Ivan Boesky
655:January 17,
535:February 2,
440:Wall Street
350:and, per a
303:arbitrageur
187:(1987–1990)
25:Ivan Boesky
1164:Categories
671:Cox Speech
479:References
378:securities
269:, and the
175:securities
129:Ana Boesky
83:Occupation
41:1937-03-06
1071:Mezzanine
1043:investors
859:0040-781X
307:takeovers
102:Spouse(s)
924:Archived
894:Archived
863:Archived
824:Archived
797:Archived
772:Archived
736:Archived
706:Archived
702:New York
646:archived
579:Archived
553:Archived
529:Archived
423:La Jolla
356:sentence
344:informed
149:Released
134:Children
1095:History
1061:Venture
930:May 13,
900:May 13,
778:May 20,
742:June 9,
687:archive
683:at the
502:May 26,
497:YouTube
447:at the
367:⁄
319:Nabisco
126:
114:
110:
97:scandal
1066:Growth
1056:Buyout
987:
857:
289:Career
247:Jewish
67:, U.S.
979:, by
649:(PDF)
642:(PDF)
468:Psych
384:near
374:fined
116:(
112:
1039:and
985:ISBN
958:2021
951:CNBC
932:2016
902:2016
871:2021
855:ISSN
851:Time
832:2021
780:2024
744:2023
714:2021
685:TIME
657:2022
537:2019
504:2024
456:CNBC
342:and
328:Time
297:and
122:div.
54:Died
31:Born
358:of
340:SEC
335:."
253:in
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