Ivan Boesky was an American stock trader who gained notoriety for his involvement in a major insider trading scandal during the mid-1980s. His illegal activities resulted in a guilty plea, a record-breaking $100 million fine, and a three-year prison sentence. Following his conviction, Boesky cooperated with authorities as an informant.
Ivan Frederick Boesky was born on March 6, 1937.
Ivan Boesky married Seema Silberstein, the daughter of a Detroit real estate magnate, in 1962.
Boesky and his wife moved to New York in 1966.
In 1975, Boesky founded his own stock brokerage firm, Ivan F. Boesky & Company.
In May 1986, Boesky gave a commencement speech at the Haas School of Business, stating, "I think greed is healthy. You can be greedy and still feel good about yourself."
Ivan Boesky was featured on the cover of Time magazine on December 1, 1986.
In 1986, Ivan Boesky pleaded guilty to one count of Conspiracy to Commit Violations of the Federal Securities Laws for using insider information.
After facing the consequences of the financial scandal, in 1987, Ivan Boesky requested his name to be removed from the Jewish Theological Seminary Library.
The movie "Wall Street", released in 1987, features a character, Gordon Gekko, inspired by Ivan Boesky.
Boesky and Silberstein divorced in 1991.
Ivan Boesky passed away on May 20, 2024.
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