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On Friday October 16, 2009, Raj Rajaratnam was arrested by the FBI and accused of conspiring with others in insider trading in several publicly traded companies. U.S. Attorney Preet Bharara put the total profits in the scheme at over $60 million, telling a news conference it was the largest hedge fund insider trading case in United States history.
Ivan F. Boesky, the flamboyant stock trader whose cooperation with the government cracked open one of the largest insider trading scandals in the history of Wall Street, has died at the age of 87.
"A Raid on Wall Street" Time magazine article describing Martin Siegel's involvement in the insider trading scandals of the 1980s; Taking America: How We Got from the First Hostile Takeover to Megamergers, Corporate Raiding, and Scandal, by Jeff Madrick, Beard Books, 2003. Retrieved March 10, 2019. ISBN 978-1587982170
In 1966, Boesky and his wife moved to New York where he worked for several stock brokerage companies including L.F. Rothschild and Edwards & Hanly.In 1975, he initiated his own stock brokerage company, Ivan F. Boesky & Company, with $700,000 (equivalent to $4.1 million in 2024) worth of start-up money from his wife's family [6] with a business plan that speculated on corporate takeovers.
The day before, the stock closed at less than $3 per share; a few days later it was trading as high as $60 a share, The Wall Street Journal reported. 10 Unbelievable Cases of Insider Trading Skip ...
And it’s reigniting insider-trading concerns Nancy Pelosi’s husband dumped 2,000 Visa (V) shares in July — just weeks before the payments giant was sued by the U.S. Department of Justice ...
Ivan Boesky, stock trader convicted in insider trading scandal, dead at 87, according to reports 05/20/2024 17:41 -0400 Ivan F. Boesky, the flamboyant stock trader whose cooperation with the government cracked open one of the largest insider trading scandals on Wall Street, has died at the age of 87.
In 1978, after graduating from Penn, Cohen got a Wall Street job as a junior trader in the options arbitrage department at Gruntal & Co. [6] On his first day on the job at Gruntal & Co., he made an $8,000 profit. He eventually would go on to make the company around $100,000 a day [10] and eventually managed a $75 million portfolio and six ...