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5 days ago · Working undercover, Boesky secretly taped three conversations with Michael Milken, the socalled “junk bond king” whose work with Drexel Burnham Lambert had revolutionized the credit markets.
5 days ago · Working undercover, Boesky secretly taped three conversations with Michael Milken, the so-called “junk bond king” whose work with Drexel Burnham Lambert had revolutionized the credit markets.
5 days ago · Mr. Boesky’s closest ally in the world of finance was Mr. Milken, head of Drexel Burnham’s fabled junk bond desk in Los Angeles. The two spoke daily, with Mr. Milken arranging for much of the capital behind Mr. Boesky’s trades and Mr. Boesky becoming a profit centre for Mr. Milken.
4 days ago · Ivan Boesky, a onetime Wall Street titan who personified the excesses of the 1980s — helping inspire Hollywood’s fictional mogul Gordon Gekko and his greed-is-good mantra — but who came
6 days ago · But some of his tips came from within the mergers and acquisitions departments of Drexel Burnham Lambert Inc. and Kidder, Peabody & Co. Dennis Levine of Drexel and Martin Siegal of Kidder, Peabody fed Boesky confidential information in return for promised cut of profits of either 1% or 5%.
4 days ago · After five years of decline, Drexel Burnham Lambert declares bankruptcy and is dissolved. From 1986 onward, two directors were charged with insider trading. The firm faced charges by the Securities and Exchange Commission and pled guilty to stock parking and manipulation.
6 days ago · May 21, 2024, at 2:02 p.m. 9 Biggest Financial Fraud Cases. More. Reuters. The criminal trial of FTX founder Sam Bankman-Fried was one of the biggest financial fraud cases in history. Financial ...
