Page 4 - Ivan Boski News Today : Breaking News, Live Updates & Top Stories | Vimarsana

While they were at the peak of their careers. >> millions of america's smaller investors have been appalled. >> i think they should put them in jail. >> more than 48 cases of insider trading, brought by new york's u.s. attorney general rudolph giuliani. >> he had the aura of being the best man in law enforcement to do it. >> maybe we can't catch all of them, but we can deliver a message, if you do get caught, you are going to lose your liberty and go to prison. >> today, the market was off more than 40 points. this after it was learned that ivan boesky was talking, and then some. >> as one mor...

Wetting their -- well, you get the idea. >> of course, he was guilty. there was going to be no defense. all he had was bargaining power. who could he deliver. >> levine was a fish, boesky was a shark. who is the whale they're going to catch? >> i don't know. >> drexel burnham? >> i don't know. that's possible. >> in the middle of all this is drexel. a little known wall street firm that shot to the top of the high stake world by specializing in junk bonds, high interest, but also high-risk. >> the commission says drexel and the head of his junk bond department made a secret deal with ivan boesk...

Advanced knowledge of 54 pending takeovers, and then from a phone booth, he would call an accomplice in the behamas who would buy stocks in the names of two dummy corporations which lef eastbound had set up in panama. >> it was the first time the s.e.c. has been able to nail down insider trader. somebody with a million dollar a year salary which apparently wasn't enough. >> insider trading could become wall street's watergate. >> plea bargaining is now under way with dennis levine. authorities might be able to develop as in of new suspects. >> we start the investigation, and once his lawyer ad...

>> ivan boeski has been fined the large evident penalty ever and has been banned from wall street. >> he did what he claimed he would ever do, use insider information to buy huge blocks of stock in companies secretly involved in takeover deals. >> ivan boski 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 would say he would be a prime candidate. >> ivan arrived in court to hear himself described as a man whose arrogance has been stripped away. there's no doubt he's become a symbol of what...

At the peak of their careers. >> millions of small investors have been appalled at the boesky affair. >> since 1984, there have been more than 48 cases of insider trading brought by rudy giuli i giuliani. >> >> he had the aura of being the best man in law enforcement to do it. >> if you do get caught, you are going to lose your liberty and go to prison. >> today, the market was off more than 40 points. this after it was learned that ivan boesky was talking, and then some. >> as one former sec official put it, this is like arresting the madam of a brothel and finding her private book of clients...