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Search resuls for: "Boesky"


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People walk through the financial district by the New York Stock Exchange (NYSE) on August 14, 2024, in New York City. But one of the most damaging insider trading schemes in recent years can't be linked back to a U.S.-based trading floor or brokerage firm. As detailed in CNBC's new original podcast series "The Crimes of Putin's Trader," Russian entrepreneur Vladislav Klyushin's scam amassed more than $93 million as his cybersecurity firm M-13 was a front for Russian hackers to steal U.S. corporate earnings reports before they became public. Then, hackers traded based on those insights, buying and selling stock of well-known American companies like Tesla, Skechers, Snapchat and Roku. "Finances and banks and [the] financial sector itself is just one of the battlefields where the whole thing is happening."
Persons: Ivan Boesky, Martha Stewart, Mathew Martoma, Vladislav Klyushin's, Klyushin, Sandra Joyce, Eamon Javers, Javers, unconventionally, Vladimir Putin Organizations: New York Stock Exchange, SAC Capital Advisors, FBI, U.S, Department of Justice, Google, Intelligence, CNBC Senior Washington Locations: New York City, U.S, Russia, Russian, Switzerland, Eastern Europe
New York CNN —Ivan Boesky, the infamous insider trader whose name became synonymous with financial greed and helped inspire the fictional character Gordon Gekko in the 1987 film “Wall Street,” has died. His daughter, Marianne Boesky, confirmed to CNN on Monday that he died in his sleep. Nicknamed “Ivan the Terrible” on a 1986 Time Magazine cover, Boesky profited from the corporate takeover boom in the 1980s, using insider information to receive advanced information on pending deals. He pleaded guilty in 1986 to insider trading and was sentenced to three years of prison and fined $100 million, half of which went to returning the profits he made from insider trading and the other half as a civil penalty. Boesky was barred from securities trading for the rest of his life.
Persons: Ivan Boesky, Gordon Gekko, , Marianne Boesky, Marianne Boesky’s, Boesky, “ Ivan, ” Michael Milken, Milken, Ana Organizations: New, New York CNN, CNN, Haas School of Business, University of California, Wall, SEC, SEC Historical Society Locations: New York, Berkeley
Ivan F. Boesky, the brash financier who came to symbolize Wall Street greed as a central figure of the 1980s insider trading scandals, and who went to prison for his misdeeds, died on Monday at his home in the La Jolla neighborhood of San Diego. His daughter Marianne Boesky said he died in his sleep. An inspiration for the character Gordon Gekko in Oliver Stone’s movie “Wall Street” and its sequel, Mr. Boesky made a fortune betting on stock tips, often passed to him illegally in exchange for suitcases of cash. As federal investigators closed in on Mr. Boesky, he agreed to cooperate, providing information that led to the downfall of the investment bank Drexel Burnham Lambert and its junk bond king, Michael Milken. Mr. Boesky brought an aggressive style to the once-sleepy world of arbitrage, the buying and selling of stocks in companies that appear to be takeover targets.
Persons: Ivan F, Marianne Boesky, Gordon Gekko, Oliver Stone’s, Boesky, Drexel Burnham Lambert, Michael Milken Organizations: Drexel Locations: La Jolla, San Diego
Ivan Boesky, the financier who was a central figure of the 1980s insider trading scandals, has died at the age of 87, the New York Times reported on Monday. Boesky, who partly inspired the Gordon Gekko character in the 1987 movie "Wall Street," was at his peak considered a genius at risk arbitrage, the business of speculating in takeover stocks, and his wealth was estimated at $280 million. But the U.S. Securities and Exchange Commission proved he obtained tips from investment bankers about deals in the works and used them illegally before the information was released to the public. He won leniency by cooperating in the government's investigation of insider trading rings and reportedly taped conversations with his business contacts. The death was confirmed to the New York Times by Boesky's daughter, Marianne Boesky.
Persons: Ivan Boesky, Boesky, Gordon Gekko, Boesky's, Marianne Boesky Organizations: New York Times, U.S . Securities, Exchange Commission
CNN —Frank Stella, the American artist renowned for his abstract works, died on Saturday at the age of 87, his longtime representative said in a statement. “It has been a great honor to work with Frank for this past decade,” said Marianne Boesky, who has represented Stella since 2014, in a statement. “His is a remarkable legacy, and he will be missed.”Born in 1936, Massachusetts native Stella attended Phillips Academy Andover, where he studied painting under Patrick Morgan. Stella continued to create art well into his ninth decade, with his some of his recent sculptures being displayed at the Jeffrey Deitch Gallery in New York City. One of his final pieces is still on display in Florida at the Museum of Contemporary Art Jacksonville.
Persons: Frank Stella, Stella, Harriet E, McGurk, Frank, , Marianne Boesky, Patrick Morgan, Stephen Greene, Willliam Seitz, Frank Stella's, Gabriel Bouys, Moby Dick ”, Jeffrey Deitch Organizations: CNN, The New York Times, Stella, Phillips Academy Andover, Princeton, Guggenheim, Getty, Museum of Modern Art, Jeffrey, Museum of Contemporary Art Locations: American, Manhattan, Massachusetts, New York City, Rome, Italy, AFP, Florida, Museum of Contemporary Art Jacksonville
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