Ivan Frederick Boesky was born on March 6,1937 and is a former American stock trader who became infamous for his prominent role in an insider trading scandal that occurred in the United States during the mid-1980s.
14 Facts About Ivan Boesky
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Ivan Boesky was charged and pled guilty to insider trading, was fined a record $100 million, served three years in prison and became an informant.
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Ivan Boesky's family owned several delicatessens and taverns in the city.
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Ivan Boesky attended the Cranbrook School in Bloomfield Hills before graduating from Detroit's Mumford High School.
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Ivan Boesky then attended courses at Wayne State University, Eastern Michigan University and the University of Michigan.
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Ivan Boesky's company grew from profits as well as buy-in investments from new partnerships.
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Ivan Boesky was on the cover of Time magazine December 1,1986.
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Michael Milken 8.
In 1986, Ivan Boesky entered into a plea agreement with the United States Attorney's Office for the Southern District of New York, agreeing to plead guilty to one count of Conspiracy to Commit Violations of the Federal Securities Laws.
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Ivan Boesky used inside information provided by Robert Wilkis and Ira Sokolow, two investment bankers, and purchased securities for entities Ivan Boesky was affiliated with.
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Ivan Boesky cooperated with the SEC and informed on others, including the case against financier Michael Milken.
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Ivan Boesky served his sentence at Lompoc Federal Prison Camp near Vandenberg Air Force Base in California.
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Ivan Boesky has been featured in a CNBC documentary entitled the Empires of New York.
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The conviction of Ivan Boesky is referenced at various points in the television film Barbarians at the Gate.
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Ivan Boesky is referenced by The 80s Guy in the "Future Stock" episode of Futurama.