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Drexel Burnham Lambert Inc. was an American multinational investment bank that was forced into bankruptcy in 1990 due to its involvement in illegal activities in the junk bond market, driven by senior executive Michael Milken. At its height, it was a Bulge Bracket bank, as the fifth-largest investment bank in the United States.
Apr 1, 2015 · Rival bankers, suspicious regulators and prosecutors—including Rudy Giuliani—and the arrest of the decade’s most famous insider trader, Drexel client Ivan Boesky, changed everything.
Feb 14, 1990 · 1987: Ivan F. Boesky, a leading arbitrageur and Drexel client, pleads guilty to fraud and begins cooperating with the Federal Government, further expanding the insider-trading scandal.
May 20, 2024 · Ivan Boesky, a Wall Street arbitrageur whose trading on insider information connected to the megadeals of the 1980s made him a symbol of Wall Street greed and malfeasance, has died at 87....
Feb 14, 1990 · Boesky paid $100 million to settle charges of insider trading and agreed to testify against Drexel and Mr. Milken. Milken Indictment Last year, Drexel pleaded guilty to six felony counts,...
May 20, 2024 · Boesky was an arbitrageur, a risk-taker who made millions by betting on stocks thought to be the target of corporate takeovers. But some of his tips came from within the mergers and acquisitions departments of Drexel Burnham Lambert Inc. and Kidder, Peabody & Co.
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Oct 16, 2015 · On November 14, 1986, Ivan Boesky, a longtime Milken client, pleaded guilty to SEC charges of insider-trading violations based on allegations made by investment banker Dennis Levine.
