Ivan Boesky, one of Wall Street’s luminaries in the 1980s, pioneered the practice of leveraged buy-outs (LBOs). As a highly successful
arbitreur, Boesky was described as a“Master of the Universe”. However, Boesky was accused of insider trading. On 14 November he pled guilty and was ordered by the U.S. justice department to pay a $100m fine.
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Citation: Richert, Lucas Paul. "Ivan Boesky pleads guilty". The Literary Encyclopedia. First published 01 November 2008 [https://www.litencyc.com/php/stopics.php?rec=true&UID=5726, accessed 26 November 2024.]
