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Ivan Boesky

A Golden Opportunity, White-collar Crime, Michael Milken, The Junk Bond King, The Symbol Of Greed

Born March 6, 1937 (Detroit, Michigan)

Wall Street financier, white-collar criminal

Ivan Boesky worked in the fast-paced, high stakes world of Wall Street investing during the suddenly lucrative years of the 1980s. He was a financier who built a highly successful business by trading stock in companies experiencing financial difficulties. Boesky, however, became involved in a financial scam using "insider trading" (buying and selling stocks based on information not available to the general public), amounting to billions of dollars. Boesky was caught and put on trial, and the country was shocked by the extent of stock related thefts revealed during the government's investigation of Boesky and other financiers. For his crimes in the insider trading scandal Boesky paid fines, served prison time, and was banned from the securities (stocks and bonds) industry for life.

"Greed is all right, by the way. I want you to know that. I think greed is healthy. You can be greedy and still feel good about yourself."

For More Information


Boesky, Ivan F. Merger Mania: Arbitrage, Wall Street's Best Kept Money-Making Secret. New York: Holt, Rinehart and Winston, 1985.

Bruck, Connie. The Predators' Ball. New York: Penguin Books, 1989.

Stein, Benjamin J. A License to Steal: The Untold Story of Michael Milken and the Conspiracy to Bilk the Nation. New York: Simon & Schuster, 1992.

Stewart, James B. Den of Thieves. New York: Simon & Schuster, 1991.

Web Sites

Cramer, James J. "Bad Boys, Bad Boys." New York Magazine & Metro TV, October 20, 2003. http://newyorkmetro.com/nymetro/news/bizfinance/columns/bottomline/n_9352 (accessed on August 15, 2004).

"Ivan-owe." Philadelphia City Paper. http://citypaper.net/article/112201/news.ivan.shtml (accessed on August 15, 2004).

"Moyers on Enron and History." Public Affairs Television. http://www.pbs.org/now/commentary/moyers.html (accessed on August 15, 2004).

Additional topics

Law Library - American Law and Legal InformationCrime and Criminal Law