Ivan Frederick Boesky was a convicted criminal and an American stock trader who was infamous for his prominent role in an insider trading scandal in the mid-1980s.
11 Facts About Ivan Boesky
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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 in Detroit, Eastern Michigan University in Ypsilanti, and the University of Michigan in Ann Arbor.
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Ivan Boesky grew from profits as well as buy-in investments from new partnerships.
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In 1986, Ivan Boesky entered an 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 with which he was affiliated.
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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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In 1962, Ivan Boesky married Seema Silberstein, the daughter of a Detroit real estate magnate whose holdings included The Beverly Hills Hotel in California.
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In 1991, Silberstein divorced Ivan Boesky and agreed to pay him $23 million and $180,000 a year for life.
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Ivan Boesky was featured in a CNBC documentary titled Empires of New York.