Ivan Frederick Boesky is a former American stock trader who became infamous for his prominent role in an insider trading scandal that occurred in the mid-1980s. He was charged and pled guilty to insider trading, was fined a record USD 100 million and became an informant. The character of Gordon Gekko in the movie Wall Street is based at least in part on Boesy.
About Ivan Boesky in brief
Ivan Frederick Boesky 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. He was charged and pled guilty to insider trading, was fined a record USD 100 million and became an informant. The character of Gordon Gekko in the movie Wall Street is based at least in part on Boesy, especially regarding a famous speech he delivered on the positive aspects of greed.
In a 2012 interview with The New York Times, a cousin of Boeski’s disclosed that he is living in La Jolla, California. During 1991, he divorced his wife and she agreed to pay him USD 23 million and USD 180,000 a year for life. They have four children. During 1975, he initiated his own stock brokerage company with USD 700,000 worth of start-up money from his wife’s family with a business plan that speculated on corporate takeovers.
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This page is based on the article Ivan Boesky published in Wikipedia (as of Dec. 01, 2020) and was automatically summarized using artificial intelligence.
