Transcripts for CNN The Eighties 20240604 06:46:00 : vimarsa

CNN The Eighties June 4, 2024 06:46:00

to him, it was just another deal. i think the judge made it clear that he would have given mr. levine a heavier sentence, except for the cooperation. baird: dennis levine was one guy doing insider trading, and that's not something that's new. but what dennis levine did was lead to ivan boesky. the securities and exchange commission stunned wall street today when it announced that investor ivan boesky has been fined the largest penalty ever for insider stock trading, and he has been barred now from the securities industry. monsees: boesky did what he publicly claimed he would never do -- use insider information to buy huge blocks of stock in companies secretly involved in takeover deals. ivan boesky was an out-and-out crook, handing bags of cash to people who would give him inside information. if we had capital punishment for white-collar crimes, i'd say he'd be a prime candidate. stourton: ivan boesky arrived in court to hear himself described as a man whose arrogance has been stripped away. there's no doubt that the man has become a symbol

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