Insider Trading: Then and Now

Many people have heard of the Ivan Boesky insider trading scandal. Fewer will recall that this story, which helped to define the 1980’s as the decade of greed, was originally known as the Dennis Levine insider trading scandal. Only after a steady drumbeat of new allegations over a period of months, many involving professionals at prominent Wall Street firms, did the trail reach Mr. Boesky, a high-profile risk arbitrageur.