Ivan Bosky News Today

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The idea. >> he was guilty. there was no defense. all he had was bargaining power. who could he deliver? >> levine was a fish. boesky was a shark. who is the whale? >> i dont know. its possible. >> in the middle of all of this until a few years ago, a little known wall street firm that shot to the top of the wall street world by specializing in junk bonds. high interest, but high risk. >> the head of the junk bond department made a secret deal with convicted stock swindler to make millions illeg...

When they announced ivan boesky has been barred from the securities industry. >> he did what he publicly claimed he would never do. use insider information to buy huge blocks of stock in companies secretly involved in take over deals. >> he was an out and out crook. handing bags of cash to people who gave him information. >> he would be a prime candidate for white collar crimes. >> to hear himself described as a man whose arrogance has been str stripped away. >> this was like the bombshell of th...

Investors was the first early tilts at golf and services all these famous deals that brought this new reality to the attention of other investors who followed in his wake and sought to imitate what he did. >> im an investor and want to make a profit. >> it is not wrong to want to profit in capitalist america. its fair. >> ivan bosky doesnt want to run the companies just to profit from the run up in the stock prices. >> forbes magazine estimates his wealth at over $200 million. >> where is my sha...

Their careers. >> millions of small investors have been appalled. >> they should get every one and put them in jail. >> since 1984, there have been 48 cases brought by new yorks u.s. condition, rudolph giuliani. >> back then rudy was the best man in law enforcement without a cape. >> maybe we cant catch all, about you we can deliver a message that if you get caught, you will go to prison. >> today as the prospect of a wider scandal seemed certain, the market was off more than 40 points after it ...

Attention of other investors, who followed in his wake and sought to imitate what he did. >> i freely admit, i want to make a profit. im not robin hood. >> it is not wrong to want a profit in capitalist america. its fair. >> ivan bosky made a fortune buying into companies being taken over by takeover artists. doesnt want to run the countries just protest. >> "forbes" magazine lists him among the 400 richest people in america. estimating his wealth at well over $200 million. >> wheres my share of...

Defense. all he had was bargaining power. who could he deliver? >> levine was a fish, boesky was a shark. who is the whale theyre going to catch? >> i dont know. >> drexell? >> well thats possible. >> in the middle of all this is drexel. burnham lambert. little know company but selling junction bonds. >> the commission says drexel and the head of his junk bond department made a secret deal with ivan boesky to make millions illegally. >> california company wics was planning a takeover. came but m...